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Stockman, Alan C.
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ECONIS (ZBW)
13
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1
Short-Run Independence of Monetary Policy Under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates
Stockman, Alan C.
;
Ohanian, Lee E.
-
2021
Economists generally assert that countries sacrifice monetary independence when they peg their exchange rates. At the same time, central bankers frequently assert that pegging an exchange rate does not eliminate the independence of monetary policy. This paper examines the effects of money-supply...
Persistent link: https://www.econbiz.de/10013229355
Saved in:
2
Short-Run Effects of Money When Some Prices are Sticky
Ohanian, Lee E.
-
2012
The effects of monetary disturbances differ across sectors when some prices can adjust more rapidly than others. In a model economy with two sectors possessing different speeds of price adjustment, monetary shocks generate inverse movements of real interest rates, alter relative prices, and...
Persistent link: https://www.econbiz.de/10013102472
Saved in:
3
Price Contracts, Output, and Monetary Disturbances
Stockman, Alan C.
-
2008
This paper presents a simp1e example in which incomplete asset markets createincentives for buyers and sellers to sign contracts that specify a pricefunction which differs from the spot market equilibrium price function. Theprice function can exhibit downward stickiness in nominal prices, In...
Persistent link: https://www.econbiz.de/10012774843
Saved in:
4
Short-Run Independence of Monetary Policy Under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates
Stockman, Alan C.
-
1993
Economists generally assert that countries sacrifice monetary independence when they peg their exchange rates. At the same time, central bankers frequently assert that pegging an exchange rate does not eliminate the independence of monetary policy. This paper examines the effects of money-supply...
Persistent link: https://www.econbiz.de/10012474425
Saved in:
5
A price objective for monetary policy
Gavin, William T.
;
Stockman, Alan C.
- In:
Economic Commentary
(
1992
)
Apr
An argument that the Federal Reserve, by targeting a long-run path for the price level, could achieve its price-stability objective without inhibiting its short-term goals.
Persistent link: https://www.econbiz.de/10005393597
Saved in:
6
Why a rule for stable prices may dominate a rule for zero inflation
Gavin, William T.
;
Stockman, Alan C.
- In:
Economic Review
(
1991
)
Q I
,
pp. 2-8
An analysis of how a rule for monetary policy specifying a stable price level may dominate a rule for zero inflation with price-level drift, even in the case where, for purely economic reasons, an inflation rule is preferred.
Persistent link: https://www.econbiz.de/10005491062
Saved in:
7
Optimal central bank areas, financial intermediation, and Mexican dollarization
Stockman, Alan C.
- In:
Proceedings
(
2001
),
pp. 648-668
Persistent link: https://www.econbiz.de/10005420334
Saved in:
8
Comment on Optimal central bank areas, financial intermediation, and Mexican dollarization
Clarida, Richard H.
- In:
Journal of money, credit and banking : JMCB
33
(
2001
)
2/2
,
pp. 667-668
Persistent link: https://www.econbiz.de/10001585361
Saved in:
9
Optimal central bank areas, financial intermediation, and Mexican dollarization
Stockman, Alan C.
- In:
Journal of money, credit and banking : JMCB
33
(
2001
)
2,2
,
pp. 648-666
Persistent link: https://www.econbiz.de/10001580620
Saved in:
10
Price Contracts, Output, and Monetary Disturbances
Stockman, Alan C.
-
1986
Persistent link: https://www.econbiz.de/10012477112
Saved in:
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