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May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.
Persistent link: https://www.econbiz.de/10010727313
This paper uses several methods to study the interrelationship among Divisia monetary aggregates, prices, and income, allowing for nonstationary, nonlinearities, asymmetries, and time-varying relationships among the series. We propose a multivariate regime switching unobserved components model...
Persistent link: https://www.econbiz.de/10010662820
Making the central bank more independent from political pressures lowers inflation and increases the primary deficit … financial burden of accumulated public debt. Endowing instead the central bank with an explicit inflation target lowers long …
Persistent link: https://www.econbiz.de/10010662821
Persistent link: https://www.econbiz.de/10005367573
the Federal Reserve Act to faithfully recreate the conditions that had enabled European central banks to perform …
Persistent link: https://www.econbiz.de/10008679687
An increasing number of central banks implement monetary policy via two standing facilities: a lending facility and a … the central bank requires government bonds as collateral. We also calibrate the model and discuss the behavior of the …
Persistent link: https://www.econbiz.de/10008690980
April 16, 2012. "Hawks, Doves, Bubbles, and Inflation Targets" Presented at the George S. Eccles Distinguished Lecture, Jon M. Huntsman School of Business, Utah State University.
Persistent link: https://www.econbiz.de/10010727321
January 4, 2013. Presentation. "The Global Battle Over Central Bank Independence." NABE Panel Discussion: "Federal …
Persistent link: https://www.econbiz.de/10010727331
Global Interdependence Center, Philadelphia, PA. June 30, 2009
Persistent link: https://www.econbiz.de/10010727335
Delivered at the Swedbank Economic Outlook Seminar, Stockholm, Sweden. May 27, 2010
Persistent link: https://www.econbiz.de/10010727346