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Mendonça, Helder Ferreira De; Filho, Josè Simao - In: Banca Nazionale del Lavoro Quarterly Review 60 (2007) 240, pp. 33-48

objectives in the implementation of monetary policy (concerning inflation and unemployment) is the interest rate. Furthermore …. As inflation, unemployment and interest rates are determinants of the level of poverty, the central bank's behaviour is …

Persistent link: https://www.econbiz.de/10010752015

The price level and monetary policy

Kindleberger, Charles P. - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 220, pp. 3-12

Most central banks are required to or choose to stabilize a price index, largely by manipulating short term interest …

Persistent link: https://www.econbiz.de/10010752522

A contemporary investigation of causality between the primary government budget deficit and the ex ante real long term interest rate in the US

Cebula, Richard J. - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 223, pp. 417-435

between the federal government budget deficitand the ex ante real long term interest rate. The system includes personal … federal income tax rates, the M2 money supply, the unemployment rate, an ex ante realshort term interest rate and net … international capital inflows. To clarify thedeficit/interest rate relationship, the budget deficit is measured by the …

Persistent link: https://www.econbiz.de/10010752528

Central bank forecasts of liquidity factors and the control of short term interest rates

Bindseil, Ulrich - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 220, pp. 13-37

A simple model of the interaction between central bank liquidity management and the inter-bank overnight rate is suggested, which allows analysing the publication offorecasts of liquidity factors by the European Central Bank adopted in June 2000. The paper argues that the main practical...

Persistent link: https://www.econbiz.de/10010752538

The economists "Manifesto" unemployment in the EU seven years later: which suggestions still hold?

Moro, Beniamino - In: Banca Nazionale del Lavoro Quarterly Review 58 (2005) 233-234, pp. 49-66

I met Franco Modigliani in 1948. We had common interests in three fields of economic theory--Keynes and unemployment, the relations between monetary and real phenomena and market forms and price formation. We had in common also the love for empirical verification and, on another plane, civil...

Persistent link: https://www.econbiz.de/10010752549

On the theory of interest rate policy

Spahn, Heinz-Peter - In: Banca Nazionale del Lavoro Quarterly Review 54 (2001) 219, pp. 355-380

A new consensus in the theory of monetary policy has been reached pointing to the pivotal role of interest rates that …

Persistent link: https://www.econbiz.de/10010753920

The transmission of monetary shocks in the euro area: a V AR analysis based on euro-wide data

Kakes, Jan; Pattanaik, Sitikantha - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 213, pp. 171-186

find that short-term interest rate shocks have a significant impact on real activity, but hardly on prices. M3 shows a …

Persistent link: https://www.econbiz.de/10010754200