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Opting out of the Great Inflation : German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina - 2009
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10003831853
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Opting out of the great inflation : German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2008
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10003864082
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Hayek Money : The Cryptocurrency Price Stability Solution
Ametrano, Ferdinando M. - 2016
Bitcoin has enabled competition between digital cryptocurrencies and traditional legal tender fiat currencies. Despite rapidly increasing acceptance, so far the affirmation of cryptocurrency as better money has been thwarted by dramatic deflationary price instability. Successful at disposing of...
Persistent link: https://www.econbiz.de/10013006540
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Opting Out of the Great Inflation : German Monetary Policy after the Break Down of Bretton Woods
Beyer, Andreas - 2013
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10012753257
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Demand for Money in Transition : Evidence from China's Disinflation
Mehrotra, Aaron N. - 2007
We examine money demand in the Chinese economy during a period characterized by significant disinflation and outright deflation, coupled with strong output growth. Our study establishes a stable money demand system for broad money M2. Inflation affects the adjustment of the system towards...
Persistent link: https://www.econbiz.de/10012729591
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Opting out of the great inflation: German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2008
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10010303730
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Opting out of the Great Inflation: German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2009
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10011605066
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China's Evolving Monetary Policy Rule : From Inflation-Accommodating to Anti-Inflation Policy
Girardin, Eric - 2017
This paper aims to enhance the understanding of China's monetary policy rule since the mid-1990s, focusing on the role … of inflation. It investigates the rule followed by the People's Bank of China (PBoC) by considering both the structural … economic transformation of China and its evolving monetary policy framework.Our newly constructed monthly composite discrete …
Persistent link: https://www.econbiz.de/10012954971
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China, the Dollar Peg and U.S. Monetary Policy
Tervala, Juha - 2014
I examine the transmission of expansionary U.S. monetary policy in case where developing countries -- including China …, the peg is harmful to the U.S., providing a rationale for criticism of China's exchange rate policy …
Persistent link: https://www.econbiz.de/10013060240
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The Welfare Cost of Inflation and Stability of Money Demand
Maroney, Neal - 2017
The cost of the FED maintaining a low target level of inflation is measured by Lucas (2000) and Ireland (2009) as the welfare cost of inflation based on money demand. Their estimates require stability of the money demand function. Ireland finds that money demand in the post-Volcker period is...
Persistent link: https://www.econbiz.de/10012964751