This brief exposition suggests that the Federal Reserve System temporarily guarantee a lower bound on stock prices in …, consequences, and some alternatives. It is meant as a policy suggestion in case the recapitalization of banks, agreed upon in mid …-October 2008, turns out to be insufficient for stabilizing financial markets and the downward spiral in asset prices resumes. …

policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and …

monetary policy transmission by embedding these calibrated models in a standard DSGE model. The Generalized Taylor model is …

This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates … linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as …", technology shocks in contrast triggered wage-price spirals, moving nominal wages and prices in the same direction at longer …

goals. The classical ones are entry prices and free entry. The museum club solution or exit donations allow for various … additional goals. Each scheme has clear advantages and disadvantages. We propose an innovative pricing instrument: Exit prices …