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A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
Persistent link: https://www.econbiz.de/10013521314
This volume presents a critical examination of the EMU from different perspectives. It includes essays on the political economy of currency unions, on the Growth and Stability pact, the European Central Bank, an evaluation of the first four years of the EMU, and the costs and benefits for Sweden...
Persistent link: https://www.econbiz.de/10012054127
Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...
Persistent link: https://www.econbiz.de/10012054254
This book examines the linkage between central bank structure, central bank autonomy-with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence-and monetary policy, both in select benchmark countries and at a broader...
Persistent link: https://www.econbiz.de/10012396941
This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. Focusing specifically on issues in monetary and fiscal policy, chapters demonstrate...
Persistent link: https://www.econbiz.de/10012397850
Covering the colonial Empire (including West Indies, India, Singapore, West Africa and East Africa), this book is a detailed revisionist history of the British imperial manipulations of colonial currency systems to facilitate the rise of sterling to world supremacy via the gold standard, and to...
Persistent link: https://www.econbiz.de/10012398024
1 Introduction.- 2 Transmission Channels for Quantitative Easing and Effects on Interest Rates -- 3 The Central Bank Loss Function and Quantitative Easing as a Stackelberg Game -- 4 The Effect of Quantitative Easing on Interest Rates -- 5 Broader Economic Effects on Quantitative Easing -- 6...
Persistent link: https://www.econbiz.de/10014017297
Marcel Schützenmeister zeigt in dem Buch theoretisch auf, unter welchen Bedingungen die Geldpolitik einen unmittelbaren …, dass bei Erfüllung dieser Bedingungen die Geldpolitik Wohnimmobilienpreisentwicklungen zwar berücksichtigen, aber nicht … Zentralbank Theoretische Bedeutung von Wohnimmobilienpreisen für die Geldpolitik Empirische Überprüfung der …
Persistent link: https://www.econbiz.de/10014019756
This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock...
Persistent link: https://www.econbiz.de/10014015328
A personal memoir from Christopher Dow, an influential British economist and a key player in the banking establishments of the post-war era. Contains insights and revelations into the issues and protagonists shaping British economic policy in the late 20th Century.
Persistent link: https://www.econbiz.de/10012652523