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these two markets with the regulatory environment for banks in Japan, with Japan's overall external financial position, as … environment in Japan, including restraints on interest rates, and possible quantitative restraints, has had an important impact on … States as substitutes for their head offices in extending commercial and industrial loans to Japan-based companies as well as …
Persistent link: https://www.econbiz.de/10005368172
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This article first reviews methods of foreign exchange intervention and then presents evidence - focusing on survey results - on the mechanics of such intervention. Types of intervention, instruments, timing, amounts, motivation, secrecy and perceptions of efficacy are discussed.
Persistent link: https://www.econbiz.de/10005360565
been successful in using various money market instruments to control liquidity, while others have been much less successful …
Persistent link: https://www.econbiz.de/10005368502
Svensson (2003) argues strongly that specific targeting rules*first order optimality conditions for a specific objective function and model*are normatively superior to instrument rules for the conduct of monetary policy. That argument is based largely upon four main objections to the latter plus...
Persistent link: https://www.econbiz.de/10005352773
Persistent link: https://www.econbiz.de/10010725144
This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of "scientific" principles. However, there remains, and will...
Persistent link: https://www.econbiz.de/10010725278
a speech at the Cato Institute 25th Annual Monetary Conference, Washington, D.C.
Persistent link: https://www.econbiz.de/10010725521
May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.
Persistent link: https://www.econbiz.de/10010727313
Global Interdependence Center, Philadelphia, PA. June 30, 2009
Persistent link: https://www.econbiz.de/10010727335