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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
Presentation to the National Association For Business Economics 43rd Annual Meeting, New York City - Sept. 10, 2001
Persistent link: https://www.econbiz.de/10011185077
This Country Program Evaluation (RE-355) analyzes the recent performance of the Bank's portfolio of operations. Two country strategies were approved during 2000-2008, which were prepared in two very different contexts in Brazil. The 2000-2003 strategy was prepared following the 1999 crisis that...
Persistent link: https://www.econbiz.de/10010672690
Esta edición de IDEA se centra en el proceso intensamente político que rodea al presupuesto público en América Latina. La misma analiza temas presupuestarios críticos, la legislación reciente, los actores políticos involucrados y las consecuencias --a veces no intencionales-- de la...
Persistent link: https://www.econbiz.de/10010673001
This report (RE-296) presents an evaluation of the Bank's country program for Belize for the years 1993-2003. The evaluation includes: 1) An overview of the structure of the Belizean economy, including developments that took place during the nineties and the development challenges faced by the...
Persistent link: https://www.econbiz.de/10010673007
This report (RE-260) seeks to define what constitutes development among contemporary development finance institutions. The report looks at the historic evolution of the concept of development and at the instruments seen as most effective at promoting development, paying particular attention to...
Persistent link: https://www.econbiz.de/10010673339
This report (RE-298) summarizes OVE's evaluation of the IDB's program in Brazil during 1993-2003. The paper starts with a selective, brief analysis of background that is needed to inform the evaluation. It includes an assessment of the programming process and the relevance and coherence (hence...
Persistent link: https://www.econbiz.de/10010673750
The basic objective of this evaluation (RE-300) is to review the range of Bank instruments with respect to the issues of development effectiveness posed by the Governors. The evaluation focus on the instruments themselves, rather than on the specific operations each instrument has financed. The...
Persistent link: https://www.econbiz.de/10010673837
This report (RE-252) describes the role of evaluation as an integral part of improving public sector management by providing regular feedback on the results of public action. It lays out some of the present challenges for the Bank in this area, as well as some considerations for the future...
Persistent link: https://www.econbiz.de/10010674141
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