Zobrazeno 1 - 10
of 646
pro vyhledávání: '"jel:E40"'
Publikováno v:
The Scandinavian Journal of Economics. 123:60-83
This paper studies optimal monetary and fiscal policies in an economy à la Lucas and Stokey (1983) and Lagos and Wright (2005) with multiple cash and credit goods. We show that optimal policies are in general time inconsistent due to insufficient nu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::37bcea73f3d6b7795f9662ee40997323
https://doi.org/10.1111/sjoe.12399
https://doi.org/10.1111/sjoe.12399
Autor:
Cathy Q. Ning, Loran Chollete
A central role for economic policy involves reducing the incidence of systemic down-turns, when key economic variables experience joint extreme events. In this paper, we empirically analyze such dependence using two approaches, correlations and copul
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::087b54d5f4540a07dd7e0e172b9c991f
https://doi.org/10.32920/ryerson.14639940.v1
https://doi.org/10.32920/ryerson.14639940.v1
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and w
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::4ed87e58316d686bd625e96f60d6f277
https://hdl.handle.net/10419/241152
https://hdl.handle.net/10419/241152
Autor:
Salvatore Nisticò, Pierpaolo Benigno
Unconventional open-market operations can have consequences for inflation and output because of income losses on central-bank balance sheet. A proposition of neutrality holds under some special monetary and fiscal policy regimes in which the treasury
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::af34560ba07590b0b480d8394ea3aaa3
http://hdl.handle.net/11385/199245
http://hdl.handle.net/11385/199245
Publikováno v:
Journal of Macroeconomics. 50:335-346
Using a sign restrictions approach, we document that total factor productivity (TFP) moves counter-cyclically in the aftermath of supply and demand side shocks. To interpret our empirical results, we conduct counter-factual simulations, based on a Ne
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::74e20aa892671a215a5ef839f8ae9fde
https://doi.org/10.1016/j.jmacro.2016.11.001
https://doi.org/10.1016/j.jmacro.2016.11.001
Publikováno v:
Journal of economic dynamics and control, 2015, Vol.61, pp.17-33 [Peer Reviewed Journal]
In this paper we measure the effect of the inflation tax on economic activity and welfare within a controlled setting. To do so, we develop a model of price posting and monetary exchange with inflation and finite populations. The model, which provide
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8ef5a96958baecd12e08c6882ce3efdd
https://doi.org/10.1016/j.jedc.2015.09.005
https://doi.org/10.1016/j.jedc.2015.09.005
Publikováno v:
The Quarterly Journal of Economics. 130:1727-1779
We study fiscal and monetary policy in a monetary union with the potential for rollover crises in sovereign debt markets. Member-country fiscal authorities lack commitment to repay their debt and choose fiscal policy independently. A common monetary
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::53c891eabe990747d3ada4a25cd9f3eb
https://doi.org/10.1093/qje/qjv022
https://doi.org/10.1093/qje/qjv022
Autor:
Atiq Ur Rehman
Publikováno v:
Journal of Central Banking Theory and Practice, Vol 4, Iss 2, Pp 37-58 (2015)
The monetary policy rules used by central banks these days are based on the assumption that inflation could be reduced by increasing interest rate. On contrary, Tooke (1774-1858), the forefather of monetary economics, was of the view that the relatio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a2b262fbb85e22300669799490e0ff45
https://doi.org/10.1515/jcbtp-2015-0008
https://doi.org/10.1515/jcbtp-2015-0008
Publikováno v:
Quantitative Finance. 15:1917-1932
The Basel III accord reacts to the events of the recent financial crisis with a combination of revised micro- and new macroprudential regulatory instruments to address various dimensions of systemic risk. This approach of cumulating requirements bear
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c498e70e7d61e9e058a9a4f01f905a49
https://doi.org/10.1080/14697688.2014.999701
https://doi.org/10.1080/14697688.2014.999701
Autor:
Nikola Fabris
Publikováno v:
Journal of Central Banking Theory and Practice, Vol 4, Iss 1, Pp 5-18 (2015)
The paper depicts the history of using money in Montenegro covering the period before the Christ until nowadays. Montenegro mostly used foreign currencies throughout its long history, these being Roman, Austro-Hungarian, Turkish, Venetian, and even t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::28d51a31193fb8a9c46fcc2bc0d3fb6b
http://www.cbcg.me/repec/cbk/journl/vol4no1-1.pdf
http://www.cbcg.me/repec/cbk/journl/vol4no1-1.pdf