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Hogan, Seamus D.; Johnson, Marianne F.; Laflèche, Thérèse - 2001

Persistent link: https://www.econbiz.de/10001555173

Optimal monetary policy delegation under incomplete exchange rate pass-through

Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]

The central bank's optimal objective function is analyzed in a small open economy model allowing for incomplete exchange rate pass-through. The results indicate that social welfare can only be marginally improved by including an explicit exchange-rate term in the delegated objective function,...

Persistent link: https://www.econbiz.de/10001622448

Inflation rules with consistent excape clauses

Alexius, Annika - 1996

Persistent link: https://www.econbiz.de/10000928603

Heterogeneous beliefs and housing-market boom-bust cycles in a small open economy

Tomura, Hajime - 2009

This paper introduces heterogeneous beliefs among households in a small open economy model for the Canadian economy. The model suggests that simultaneous boom-bust cycles in house prices, output, investment, consumption and hours worked emerge when credit-constrained mortgage borrowers expect...

Persistent link: https://www.econbiz.de/10003852849

Price stability, inflation targets, and monetary policy : proceedings of a conference held by the Bank of Canada May 1997

1998

Persistent link: https://www.econbiz.de/10000977295

What if the fed had been an inflation nutter?

Söderlind, Paul (contributor) - 2001 - [Elektronische Ressource]

A structural rational expectations model of U.S. monetary policy is used to make a counterfactual experiment of a strongly inflation averse Federal Reserve Bank. Results for U.S. interest rates, output, and inflation over 1965-1999 are discussed. -- Optimal monetary policy ; rational...

Persistent link: https://www.econbiz.de/10001600069

Bond liquidity premia

Fontaine, Jean-Sébastien; Garcia, René - 2009

. We measure the value of funding liquidity from the cross-section of on-the-run premia by adding a liquidity factor to an … arbitrage-free term structure model. As predicted, we find that funding liquidity explains the cross-section of risk premia. An … increase in the value of liquidity predicts lower risk premia for on-the-run and off-the-run bonds but higher risk premia on …

Persistent link: https://www.econbiz.de/10003933337

Off gold and back again : Finnish and Swedish monetary policies 1914 - 25

Haavisto, Tarmo; Jonung, Lars - 1994

Persistent link: https://www.econbiz.de/10000885968

Monetary regimes, inflation and monetary reform : an essay in honor of Axel Leijonhufvud

Bordo, Michael D.; Jonung, Lars - 1994

Persistent link: https://www.econbiz.de/10000888960

International asset substitutability : theory and evidence for Canada

Boothe, Paul Michael (contributor) - 1985

Persistent link: https://www.econbiz.de/10000723094