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The optimal mix of taxes on money, consumption and income
De Fiore, Fiorella; Teles, Pedro - 2002
Persistent link: https://www.econbiz.de/10001670899
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The daily and policy-relevant liquidity effects
Thornton, Daniel L. - 2008
The phrase liquidity effectʺ was introduced by Milton Friedman (1969) to describe the first of three effects on interest rates caused by an exogenous change in the money supply. The lack of empirical support for the liquidity effect using monthly and quarterly data using various monetary and...
Persistent link: https://www.econbiz.de/10003826053
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Optimal monetary policy with durable and non-durable goods
Erceg, Christopher J. (contributor);  … - 2002
Persistent link: https://www.econbiz.de/10001702822
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Asymmetric monetary policy rules for the euro area and the US
Maih, Junior; Mazelis, Falk; Motto, Roberto; … - 2021
We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro area (EA) and the US. The estimations show that until mid-2014 the ECB's response to in ation was more forceful when in ation was above 2% than below 2%. Since then, the ECB's...
Persistent link: https://www.econbiz.de/10012617047
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Optimal monetary policy revisited : does considering US real-time data change things?
Cassou, Steven Peter; Scott, C. Patrick; Vázquez, Jesús - In: Applied economics 50 (2018) 57, pp. 6203-6219
Persistent link: https://www.econbiz.de/10012063405
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A note on the estimation of the demand for sugar in the USA in the presence of measurement error in the data
Uri, Noel Dean - In: Applied economics 27 (1995) 1, pp. 83-94
Persistent link: https://www.econbiz.de/10001174373
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Introducing dominant currency pricing in the ECB's global macroeconomic model
Georgiadis, Georgios; Mösle, Saskia - 2019
importer's currency has important implications for the transmission of shocks. We introduce this "dominant currency pricing … a non-US economy that alters the value of its currency multilaterally, expenditure-switching occurs only through imports … dominant currency in global trade. According to ECB-Global, in such a scenario the global spillovers from US shocks are smaller …
Persistent link: https://www.econbiz.de/10012107938
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Discretionary policy, multiple equilibria, and monetary instruments
Schabert, Andreas (contributor) - 2005
This paper examines monetary policy implementation in a sticky price model. The central bank's plan under discretionary optimization is entirely forward-looking and exhibits multiple equilibrium solutions if transactions frictions are not negligibly small. The central bank can then implement...
Persistent link: https://www.econbiz.de/10003162225
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An empirical procedure to evaluate monetary management under exogenous changes in the money supply
Barbosa, Klenio; Fetter, Seiji; Rocha, Bruno de Paula - In: Applied economics 51 (2019) 12, pp. 1248-1267
Persistent link: https://www.econbiz.de/10012196529
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Monetary policy, neutrality and the environment
Faria, João Ricardo; McAdam, Peter; Viscolani, Bruno - 2021
We study the interaction between monetary and fiscal policies in a Ramsey-Sidrauski model augmented with environmental capital. Equilibrium solutions are studied through the "Green Golden Rule". Despite the non-separability of money in utility and intertemporally nonseparable preferences, money...
Persistent link: https://www.econbiz.de/10012594070