Narrow search
Showing 1 - 10 of 157
Cover Image
Learning, Monetary Policy Rules, and Macroeconomic Stability
Milani, Fabio - EconWPA - 2005
This paper estimates a DSGE model with learning to re-examine the evidence on time variation in post-war U.S. monetary policy. Several papers document a regime switch, by showing that policy changed from `passive' and destabilizing in the pre-1979 period to `active' and stabilizing in the...
Persistent link: https://www.econbiz.de/10005126467
Cover Image
THE BLACK ECONOMY IN TURKEY: AN EMPIRICAL INVESTIGATION
Halicioglu, Ferda - EconWPA - 2005
: Turkey. According to the monetary approach that this paper has also adopted, the size of the black economy in Turkey has an … scope for the black economy in Turkey since the tax burden is relatively low. And currently, the Turkish government is … trying to increase taxes, which may lead to a further expansion in the size of the black economy in Turkey. …
Persistent link: https://www.econbiz.de/10005126176
Cover Image
Fleming-Mundell Modell as a Pioneer of 'Open Economy Macroeconomics' (in Turkish)
Kibritcioglu, Aykut - EconWPA - 2005
'Acik Ekonomi Makroiktisadi'nin Oncusu Olarak Fleming-Mundell Modeli. [Yayinlandigi yer: Iktisat Dergisi, 275: 31-38]
Persistent link: https://www.econbiz.de/10005126200
Cover Image
FISCAL-MONETARY POLICY COORDINATION AND DEBT MANAGEMENT: A TWO STAGE DYNAMIC ANALYSIS
Bartolomeo, Giovanni Di; Gioacchino, Debora Di - EconWPA - 2005
This paper studies the interaction between two autonomous policymakers, the central bank and the government, in managing public debt as the result of a two-stage game. In the first stage the institutional regime is established. This determines the equilibrium solution to be applied in the second...
Persistent link: https://www.econbiz.de/10005412623
Cover Image
CLAVES DE LA INFLACION DE 2005
Marongiu, Federico - EconWPA - 2005
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
Cover Image
Macroeconomic Policies of the Economic and Monetary Union: Theorectical Underpinnings and Challenges
Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003
Macroeconomic Policies of the Economic and Monetary Union: Theoretical Underpinnings and Challenges Philip Arestis and Malcolm Sawyer, The Levy Economics Institute and Leeds University Abstract This paper presents two issues: first, an effort to decipher the type of economic analysis and...
Persistent link: https://www.econbiz.de/10005076715
Cover Image
The Fed’s Consistent Monetary Policy: A Long Term Perspective
Los, Cornelis A. - EconWPA - 2004
This paper describes the Federal Reserve's analytical framework under Volcker and Greenspan, as it was constructed in the early 1980s, during a period of high inflation. It traces the modeling and policy implications of this framework. It discusses the Fed's actual track record and the state of...
Persistent link: https://www.econbiz.de/10005076785
Cover Image
Monetary Policy Strategies of the European Central Bank and the Federal Reserve Bank of the U.S.
Wray, L. Randall; Sardoni, C. - EconWPA - 2005
In the debate on monetary policy strategies on both sides of the Atlantic, it is now almost a commonplace to contrast the Fed and the ECB by pointing out the former’s flexibility and capacity to adjust rigidity, and the latter’s extreme caution, and obsession with low inflation. In looking...
Persistent link: https://www.econbiz.de/10005076846
Cover Image
The macroeconomics of social pacts
Acocella, Nicola; Bartolomeo, Giovanni Di; Tirelli, Patrizio - EconWPA - 2004
In this paper we analyze macroeconomic interactions among trade unions, the central bank and the fiscal policymaker. We explicitly model trade unionsconcern for public expenditure, paving the way for an analysis of the potential gains from cooperation between the fiscal policymaker and the trade...
Persistent link: https://www.econbiz.de/10005125759
Cover Image
Macroeconomic co-ordination as an economic policy concept - opportunities and obstacles in the EMU
Hein, Eckhard; Truger, Achim - EconWPA - 2004
This paper traces the euro zone’s inadequate macroeconomic performance in recent years back to the predominance of a restrictive macroeconomic policy mix based on a ‘new monetarist’ approach to economic policy. An approach based on a (post-)Keynesian analysis is presented as a growth and...
Persistent link: https://www.econbiz.de/10005126124