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The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003

Salas, John Michael Ian S. - EconWPA - 2004

addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …

Persistent link: https://www.econbiz.de/10005561255

Money, Barter and Inflation in Russia

Kim, Byung-Yeon; Pirttilä, Jukka; Rautava, Jouko - EconWPA - 2002

Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to … a lesser extent. There is some evidence that the effect of barter on prices is less than that of money. We also find …

Persistent link: https://www.econbiz.de/10005412642

Discussion of 'Prospects for Output and Employment Growth with Steady Inflation' and 'The Macroeconomics of Australian Unemployment'

McKibbin, Warwick J; Nevile, John - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005423427

A PUSH TO GEORGE ( IN ) BUSH

DR.VSR.SUBRAMANIAM - EconWPA - 2005

internal Socio-Economic development target units, Pumping money and strengthening the defense of the assisted nation only …, Other nations,UN,WB,IMF etc..). But soon work to develop Domestic savings to Domestic investment for Self …

Persistent link: https://www.econbiz.de/10005556940

Targeting Monetary Aggregatesand Inflation in Europe

Cukierman, A. - Tilburg University, Center for Economic Research - 1996

Persistent link: https://www.econbiz.de/10011090577

Learning, Inflation Reduction and Optimal Monetary Policy

Schaling, E. - Tilburg University, Center for Economic Research - 2003

In this paper we analyze disinflation in two environments.One in which the central bank has perfect knowledge, in the sense that it understands and observes the process by which private sector inflation expectations are generated, and one in which the central bank has to learn the private sector...

Persistent link: https://www.econbiz.de/10011090607

An Analysis of the Stability Pact

Uhlig, H.F.H.V.S.; Beetsma, R.M.W.J. - Tilburg University, Center for Economic Research - 1997

We analyse the proposed "Stability Pact" for countries joining a European Monetary Union (EMU). In an EMU shortsighted governments fail to fully internalise the inflationary consequences of their debt policies. This results in excessive debt accumulation. Therefore, while in the absence of EMU...

Persistent link: https://www.econbiz.de/10011092348

Long Term Debt and the Political Support for a Monetary Union

Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 1997

This paper examines the role of long term debt for the political support of a monetary union or, more generally, an inflation-reduction policy. The central idea is that the decision about membership in the union leads to a redistribution between debtors and creditors, if they are holding long...

Persistent link: https://www.econbiz.de/10011092672

Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59

Wheelock, David; Carlson, Mark A. - Federal Reserve Bank of St. Louis - 2014

The 1950s are often pointed to as a decade in which the Federal Reserve operated a particularly successful monetary policy. The present paper examines the evolution of Federal Reserve monetary policy from the mid-1930s through the 1950s in an effort to understand better the apparent success of...

Persistent link: https://www.econbiz.de/10010784192

Introduction to Inflation in an Era of Relative Price Shocks

Fry, Renée; Jones, Callum; Kent, Christopher - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10008499704