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addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …
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"This paper provides an overview, using extensive documentary material, of developments in U.K. macroeconomic policy in the last half-century. Rather than focusing on well-known recent changes in policy arrangements (such as the introduction of inflation targeting in 1992 or central bank...
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bonds and differ drastically from those of money supplies. We argue that the FTPL attained prominence precisely because it …
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Recent explanation of monetary policy and its effect have centered upon a non-cooperative game involving the monetary authority and the private sector. Notably absent from the discussion of asymmetric information and its impact on decision making is fiscal policy. This note examines a simple...
Persistent link: https://www.econbiz.de/10005352761
responds positively to surprises in labor productivity growth. However, we do not reject the hypothesis that the real long …
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show that subsidies in decentralized markets can be implemented to alleviate underproduction, while money is still …% of lifetime consumption. When lump sum monetary transfers are not available, a positive production subsidy may be …
Persistent link: https://www.econbiz.de/10005353004
"Death of a Theory," presented in St. Louis. January 13, 2012.
Persistent link: https://www.econbiz.de/10010727311
"SNEAK PREVIEW: Death of a Theory." Presented at the Korea-America Economic Association, Chicago, Illinois. January 7, 2012.
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