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benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there … benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there …
Persistent link: https://www.econbiz.de/10003539352
The initiative to set up the single European market has aroused fears abroad, and indeed even within Europe itself, that the intention is to turn the Community into a "Fortress Europe". Attempts to allay these fears by the Council of Ministers, the EC Commission or individuals representing them...
Persistent link: https://www.econbiz.de/10011556338
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financial frictions. The political economy surrounding distributional consequences can sometimes lead to policy measures that …
Persistent link: https://www.econbiz.de/10010222156
, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …
Persistent link: https://www.econbiz.de/10003831857
the flexible price equilibrium. In this paper, we develop a twosector two-good closed economy new Keynesian model to study …
Persistent link: https://www.econbiz.de/10008810538
Persistent link: https://www.econbiz.de/10003961198
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting …
Persistent link: https://www.econbiz.de/10011307888
aggregate welfare when the economy is hit by positive shocks to nontradable goods productivity or foreign interest rates. Fiscal …
Persistent link: https://www.econbiz.de/10011309046
Persistent link: https://www.econbiz.de/10011546301