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The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis
Bordo, Michael D. - 2019
(GFC) of 2007-2008. It was greatly aided by the adoption of inflation targeting. In this paper we evaluate this convergence …
Persistent link: https://www.econbiz.de/10012480286
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Shotgun Wedding : Fiscal and Monetary Policy
Bassetto, Marco - 2020
interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation …
Persistent link: https://www.econbiz.de/10012481961
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Inflation Targeting and Financial Stability
Woodford, Michael - 2012
A number of commentators have argued that the desirability of inflation targeting as a framework for monetary policy … risks to financial stability, but that it is possible to generalize an inflation targeting framework to take account of … form of flexible inflation targeting; in particular, the paper proposes a target criterion that would still imply an …
Persistent link: https://www.econbiz.de/10012460692
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The Politics of Monetary Policy
Alesina, Alberto F. - 2010
In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis. We begin with a discussion of rules versus discretion. We then examine the issue of Central Banks independence both in normal times,...
Persistent link: https://www.econbiz.de/10012462794
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Singapore : 2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Singapore
Internationaler Währungsfonds - 2021
Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing …
Persistent link: https://www.econbiz.de/10012604417
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Argentina : ex-post evaluation of exceptional access under the 2018 stand-by arrangement : press release and staff report
Internationaler Währungsfonds - 2021
On June 20, 2018, the Executive Board approved the largest stand-by arrangement in the Fund's history, in support of Argentina's 2018-21 economic program. After an augmentation in October 2018, access under the arrangement amounted to USD 57 billion (1,227 percent of Argentina's IMF quota). The...
Persistent link: https://www.econbiz.de/10013169527
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Re-establishing credible nominal anchors after a financial crisis : a review of recent experience
Berg, Andrew G.; Jarvis, Christopher; Stone, Mark Richard; … - 2003
Persistent link: https://www.econbiz.de/10001760530
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Understanding the Fiscal Theory of the Price Level
Christiano, Lawrence J. - 2000
Persistent link: https://www.econbiz.de/10012471099
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New-Keynesian Economics : An AS-AD View
Benigno, Pierpaolo - 2009
A simple New-Keynesian model is set out with AS-AD graphical analysis. The model is consistent with modern central banking, which targets shortterm nominal interest rates instead of money supply aggregates. This simple framework enables us to analyze the economic impact of productivity or markup...
Persistent link: https://www.econbiz.de/10012463823
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Optimal Monetary and Fiscal Policy in a Currency Union
Gali, Jordi - 2005
policy requires that inflation be stabilized at the union level. On the other hand, the relinquishment of an independent …
Persistent link: https://www.econbiz.de/10012466856