Showing 1 - 10 of 3,547
. This shows that under low levels of CBI, the fiscal authority will use both the fiscal and monetary instruments … simultaneously, whereas in the case of high CBI, the fiscal authority will not be able to use the monetary instrument and only the …
Persistent link: https://www.econbiz.de/10009474984
Monetary economists seek improvements in monetary policy in order to enhance macroeconomic growth and stability. Public … discretion, and have developed a body of theory to support the implementation of a rules-based monetary policy. Others counter … this theory with their own arguments and empirical work. This paper reviews the arguments for and against rules in monetary …
Persistent link: https://www.econbiz.de/10005417293
Several articles have recently questioned the "money view" of the monetary transmission mechanism and have offered an …
Persistent link: https://www.econbiz.de/10005466780
conflicted with economic theory and best practice. Not theunification "shock" itself, but the ill-guided fiscal and monetary …
Persistent link: https://www.econbiz.de/10010854315
. This paper contributes to the development of a steady-state economy by addressing US monetary and fiscal policies. A steady …-state monetary policy would support counter-cyclical, debt-free vertical money creation through the public sector, in ways that … careful balance of recovery of money, not as a means of revenue, but as an economic imperative to meet monetary policy goals …
Persistent link: https://www.econbiz.de/10011030294
The paper reviews some of the most important results of the LCH for understanding individual and aggregate saving behaviour. It then turns to the implications for fiscalpolicy and social security, highlighting Modigliani's seminal contributions. Over time competing theories have emerged, and...
Persistent link: https://www.econbiz.de/10010752465
process. The absence of the stock of money in many current debates over monetary policy has prompted the statement by the … model, namely that of dichotomy between the monetary and the real sector. The second is that some of these attempts either …
Persistent link: https://www.econbiz.de/10010752482
The paper reviews some of the most important results of the LCH for understanding individual and aggregate saving behaviour. It then turns to the implications for fiscalpolicy and social security, highlighting Modigliani's seminal contributions. Over time competing theories have emerged, and...
Persistent link: https://www.econbiz.de/10010752508
conflicted with economic theory and best practice. Not theunification "shock" itself, but the ill-guided fiscal and monetary …
Persistent link: https://www.econbiz.de/10010752521
process. The absence of the stock of money in many current debates over monetary policy has prompted the statement by the … model, namely that of dichotomy between the monetary and the real sector. The second is that some of these attempts either …
Persistent link: https://www.econbiz.de/10010752526