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Inflation Targeting: to Forecast or to Simulate
Skorepa, Michal; Kotlan, Viktor - EconWPA - 2003
Inflation targeting is a regime based to a great extent on communication and, more specifically, on using and … future inflation assessments on three distinct levels: construction, decision making and communication. One of the most …
Persistent link: https://www.econbiz.de/10005561292
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Limited Commitment, Inaction and Optimal Monetary Policy
Mirzoev, Tokhir - EconWPA - 2004
This paper examines the optimal frequency of monetary policy meetings when their schedule is pre-announced. Our contribution is twofold. First, we show that in the standard New Keynesian framework infrequent but periodic revision of monetary policy may be desirable even when there are no...
Persistent link: https://www.econbiz.de/10005076774
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The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003
Salas, John Michael Ian S. - EconWPA - 2004
This paper attempts to provide an empirical determination of the Philippine central bank's (BSP) recent monetary policy stance, before and after its adoption of the inflation targeting framework, as revealed by its interest rate setting behavior. Employing Clarida, Gali, and Gertler's (1998,...
Persistent link: https://www.econbiz.de/10005561255
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WOULD ADOPTING THE US DOLLAR HAVE LED TO IMPROVED INFLATION, OUTPUT AND TRADE BALANCES FOR NEW ZEALAND IN THE 1990s?
Hall, Viv; Huang, Angela - EconWPA - 2004
Deterministic simulations with the Reserve Bank of New Zealand’s core FPS model show how New Zealand’s broad macroeconomic environment might have evolved over the 1990s, if a US nominal yield curve and US TWI exchange rate movements under a common currency arrangement had been...
Persistent link: https://www.econbiz.de/10005412749
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STOCK MARKET VALUATION IN THE UNITED STATES
BISCIARI, Patrick; DURRE, Alain; NYSSENS, Alain - EconWPA - 2003
This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...
Persistent link: https://www.econbiz.de/10005125064
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Modelling Possible Impacts of GM Crops on Australian Trade
Stone, Susan; Matysek, Anna; Dolling, Andrew - EconWPA - 2003
This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and regulatory costs for Australia and its major trading...
Persistent link: https://www.econbiz.de/10005407855
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Revolutionary Ideas for Radio Regulation
Galbi, Douglas A. - EconWPA - 2003
Radio technology is the key to rapid broadband development that reaches even geographically remote areas of the world. To get needed, radical changes in radio regulation, much more attention should be directed toward central issues of constitutional law. Historical experience and centuries of...
Persistent link: https://www.econbiz.de/10005126024
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" Communication in Dynastic Repeated Games: `Whitewashes' and `Coverups' "
Anderlini, Luca; Lagunoff, Roger - EconWPA - 2001
We ask whether communication can directly substitute for memory in dynastic repeated games in which short lived … by means of communication. When communication is costless and messages are sent simultaneously, communication mechanisms … or protocols exist that sustain the same set of equilibrium payoffs as in the standard repeated game. When communication …
Persistent link: https://www.econbiz.de/10005407603
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Communication of Research on Forecasting: The Journal
Armstrong, J. S. - EconWPA - 2005
communicate research findings. In particular, the IIF tries to foster communication among researchers, between researchers and …
Persistent link: https://www.econbiz.de/10005408131
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A New Account of Personalization and Effective Communication
Galbi, Douglas A. - EconWPA - 2003
communication across a large population. The observed preference for personalization over the past two centuries and the importance … of action and personal relationships to effective communication are aspects of information economies that are likely to …
Persistent link: https://www.econbiz.de/10005408385