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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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Finanzstruktur und Wirtschaftswachstum - theoretische und empirische Aspekte
Hein, Eckhard - EconWPA - 2005
The bank-based financial systems of Germany and Japan were considered most conducive to growth in the 1980s. After the Japanese stagnation of the 1990s and the most recent slump in Germany, the conviction that the market-based Anglo-American financial systems are a prerequisite for a dynamic...
Persistent link: https://www.econbiz.de/10005126439
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Maintaining Momentum to 2015? An impact evaluation of interventions to improve maternal and child health and nutrition in Bangladesh
White, Howard; Masset, Edoardo; Blondal, Nina; … - EconWPA - 2005
Bangladesh has experienced rapid fertility decline and reductions in under-five mortality over the last three decades … Bank and other agencies. By contrast, nutrition began to improve only in the 1990s and remains high. The Bangladesh …
Persistent link: https://www.econbiz.de/10005407646
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Environmental and Natural Resource Degradation in Intensive Agriculture in Bangladesh
Pagiola, Stefano - EconWPA - 2004
in Bangladesh have tended to mask evidence of declining productivity. Although data are weak, numerous sources of …-term trials by the Bangladesh Rice Research Institute (BRRI) also indicate that intensive rice cultivation can result in declining … Research Institute (IRRI). There is considerable debate over the exact causes of declining productivity. In Bangladesh, the …
Persistent link: https://www.econbiz.de/10005556178
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Returns to education in Bangladesh
Asadullah, M Niaz - EconWPA - 2005
This paper reports labour market returns to education in Bangladesh using data from recent nationwide household survey …
Persistent link: https://www.econbiz.de/10005118682
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A Preliminary Evaluation of Monetary Policy Rules for Russia
Souza, Lucio Vinhas de - EconWPA - 2004
The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange rate in a consistent and predictable manner. Our...
Persistent link: https://www.econbiz.de/10005076844
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case.
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005125534
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005134760
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005407807