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Money, credit, and fiscal policy in Mexico's "lost decade."
Gunther, Jeffery W.; Moore, Robert R. - Federal Reserve Bank of Dallas - 1994
Persistent link: https://www.econbiz.de/10005387423
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Monetary base rules: the currency caveat
Hafer, R.W.; Haslag, Joseph H.; Hein, Scott E. - Federal Reserve Bank of Dallas - 1994
Persistent link: https://www.econbiz.de/10005706848
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European hoarding: currency use among immigrants in Switzerland
Fischer, Andreas M. - Federal Reserve Bank of Dallas - 2009
Do immigrants have a higher demand for large denominated banknotes than natives? This study examines whether cash orders for CHF 1000 notes, a banknote not used for daily transactions, is concentrated in Swiss cities with a high foreign-to-native ratio. Controlling for a range of socio-economic...
Persistent link: https://www.econbiz.de/10008611006
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Monetary policy: why money matters, and interest rates don’t
Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2012
rate. Money’s role in monetary policy has been tertiary, at best. Indeed, several influential economists have suggested … that money is irrelevant for monetary policy. They suggest that central banks can control inflation by (i) controlling a … rate in order to exert greater control over longer-term rates. I offer an alternative perspective: namely, that money is …
Persistent link: https://www.econbiz.de/10010558739
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Globalization and monetary policy: an introduction
Martinez-Garcia, Enrique - Federal Reserve Bank of Dallas - 2008
Greater openness has become an almost universal feature of modern, developed economies. This paper develops a workhorse international model, and explores the role of standard monetary policy rules applied to an open economy. For this purpose, I build a two-country DSGE model with monopolistic...
Persistent link: https://www.econbiz.de/10005367953
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The stock market and monetary policy: the role of macroeconomic states
Chang, Chih-Ping; Zhang, Huan - Federal Reserve Bank of Dallas - 1995
Persistent link: https://www.econbiz.de/10005490266
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The role of monetary policy in the current macroeconomic environment
Poole, William - Federal Reserve Bank of St. Louis - 2001
Presentation to the National Association For Business Economics 43rd Annual Meeting, New York City - Sept. 10, 2001
Persistent link: https://www.econbiz.de/10011185077
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Inflation dynamics: the role of public debt and policy regimes
Bhattarai, Saroj; Lee, Jae Won; Park, Woong Yong - Federal Reserve Bank of Dallas - 2012
We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of inflation in a DSGE model. Under an active monetary and passive fiscal policy regime, inflation closely follows the path of the inflation target and a stronger reaction of...
Persistent link: https://www.econbiz.de/10010567338
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Keynesian economics without the LM and IS curves: a dynamic generalization of the Taylor-Romer model
Koenig, Evan F. - Federal Reserve Bank of Dallas - 2008
John Taylor and David Romer champion an approach to teaching undergraduate macroeconomics that dispenses with the LM half of the IS-LM model and replaces it with a rule for setting the interest rate as a function of inflation and the output gap - i.e., a Taylor rule. But the IS curve is...
Persistent link: https://www.econbiz.de/10004993781
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Central Bank Purchases of Private Assets
Williamson, Stephen D. - Federal Reserve Bank of St. Louis - 2014
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568