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International evidence on the stability of the optimizing IS equation
Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001982872
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Monetary policy actions and the incentive to invest
Emmons, William R. (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002496912
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The U.K.'s rocky road to stability
Batini, Nicoletta (contributor); Nelson, Edward (contributor) - 2005
"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...
Persistent link: https://www.econbiz.de/10003053139
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Monetary and fiscal theories of the price level: the irreconcilable differences
McCallum, Bennett T.; Nelson, Edward - Federal Reserve Bank of St. Louis - 2006
bonds and differ drastically from those of money supplies. We argue that the FTPL attained prominence precisely because it …
Persistent link: https://www.econbiz.de/10005360634
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Government debt, output, and asymmetric information
Haslag, Joseph H.; Betts, D.C. - Federal Reserve Bank of St. Louis - 1987
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
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Do productivity growth, budget deficits, and monetary policy actions affect real interest rates? evidence from macroeconomic announcement data
Kliesen, Kevin L.; Schmid, Frank A. - Federal Reserve Bank of St. Louis - 2004
responds positively to surprises in labor productivity growth. However, we do not reject the hypothesis that the real long …
Persistent link: https://www.econbiz.de/10005352806
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Optimal monetary and fiscal policies in a search theoretic model of monetary exchange
Gomis-Porqueras, Pere; Peralta-Alva, Adrian - Federal Reserve Bank of St. Louis - 2008
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
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The end of moderate inflation in three transition economies?
Brada, Josef C.; Kutan, Ali M. - Federal Reserve Bank of St. Louis - 1999
This paper examines the ending of moderate rates of inflation in three transition economies, the Czech Republic, Hungary and Poland at the end of 1998. We argue that the institutions for the conduct of monetary policy in these countries were relatively weak and that monetary policy was...
Persistent link: https://www.econbiz.de/10005707749
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Direct Effects of Money on Aggregate Demand: Another Look at the Evidence
Elias, Stephen; Kulish, Mariano - Reserve Bank of Australia - 2010
, there is a renewed interest in the long-running debate about whether or not changes in the stock of money have direct … effects. In particular, do changes in money have additional effects on aggregate demand outside of those induced by changes in … structural model with no direct effects of money to show that the finding of positive and statistically significant coefficients …
Persistent link: https://www.econbiz.de/10008509098
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Diamonds are forever, wars are not : is conflict bad for private firms?
Guidolin, Massimo; La Ferrara, Eliana - 2005 - Rev
"This paper studies the relationship between civil war and private investment in a poor, resource abundant country …
Persistent link: https://www.econbiz.de/10002917581