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private and public, as well as other structural measures to raise the potential growth rate of the economy. Such measures …
Persistent link: https://www.econbiz.de/10008598684
This paper studies the e ffects of oil producing countries' fuel subsidies on the oil market and the world economy. We …
Persistent link: https://www.econbiz.de/10010942919
Eight times a year, approximately two weeks before every FOMC meeting, the Federal Reserve releases a description of economic conditions in the twelve Federal Reserve districts. Called the Beige Book, this description relies primarily on surveys and anecdotal evidence gathered by the twelve...
Persistent link: https://www.econbiz.de/10005346073
Persistent link: https://www.econbiz.de/10005706848
It has been contended by many in the central banking community that monetary policy would not be effective in "leaning" against the upswing of a credit cycle (the boom) but that lower interest rates would be effective in "cleaning" up (the bust) afterwards. In this paper, these two propositions...
Persistent link: https://www.econbiz.de/10005009938
more a function of "global," rather than domestic, economic conditions, as postulated by closed-economy Phillips curves … the aggregate supply and the aggregate demand relations in the economy and it is estimated using full-information Bayesian …
Persistent link: https://www.econbiz.de/10005009939
of globalization (modeled as the changing degree of openness to trade of the economy), and, therefore, they become time … have led to an attenuation in the effects of monetary policy shocks. The nested closed economy specification still appears … to provide a substantially better fit of U.S. data than various open economy specifications with time-varying degrees of …
Persistent link: https://www.econbiz.de/10005009941
Persistent link: https://www.econbiz.de/10005394379
Persistent link: https://www.econbiz.de/10005394425
Persistent link: https://www.econbiz.de/10005394435