inflation target can be estimated from the observed trends in relative prices. The optimal inflation target for the U.K. is …

rational private sector expectations about housing prices and inflation, optimal monetary policy can be characterized by a … standard 'target criterion' that refers to inflation and the output gap, without making reference to housing prices. When the … increases (decreases), policy should adopt a stance that is projected to undershoot (overshoot) its normal targets for inflation …

setting where the private sector has rational expectations about future housing prices and inflation, optimal monetary policy … refers to inflation and the output gap only is optimal, as in the standard model without a housing sector. When the … unexpected housing price increases, policy should adopt a stance that is projected to undershoot its normal targets for inflation …

Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …

(China, India, Russia, Brazil) on the other. …

. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 …

China's growth strategy as set out in the 11th 5-year plan in 2005 called for upgrading of product quality, the … with this policy, China has been involved in recent years with the development of a Chinese standard in third generation (3 … experience raises issues for China's future development strategy based on product and process upgrading in manufacturing. We …

low wage rapidly growing countries in the BRIC group (Brazil, Russia, India, China) and the groups of countries as a sub …

We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon. …

In this paper we focus on the rapidly deepening bilateral India-China economic relationship. Each is deeply integrating … into the global economy through trade and FDI inflows, China is seen as primarily manufacturing-lead growth with India as … China, and the two have to be considered a joint global presence. India and China are thus viewed in the literature in …