Narrow search
Showing 1 - 10 of 1,118
Cover Image
Central Banks Quasi-Fiscal Policies and Inflation
Park, Seok Gil - 2012
Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper offers a theoretical model with which such policies can be analyzed. In...
Persistent link: https://www.econbiz.de/10014396938
Cover Image
Ownership of Capital in Monetary Economics and the Inflation Taxon Equity
Cosimano, Thomas F. - 1999
Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they … production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The … resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in …
Persistent link: https://www.econbiz.de/10014400389
Cover Image
The Information Content of Money in Forecasting Euro Area Inflation
Stavrev, Emil - 2008
money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …
Persistent link: https://www.econbiz.de/10014401386
Cover Image
Capacity Constraints, Inflation and the Transmission Mechanism : Forward-Looking Versus Myopic Policy Rules
Clark, Peter B. - 1995
This paper develops a small model of the output-inflation process in the United States in order to examine the … interest rates respond contemporaneously to output and inflation and a forward-looking policy rule that exploits information … model of inflation where positive deviations of aggregate demand from potential are more inflationary than negative …
Persistent link: https://www.econbiz.de/10014398146
Cover Image
Central banks quasi-fiscal policies and inflation
Park, Seok Gil - 2012
Persistent link: https://www.econbiz.de/10009423899
Cover Image
Monetary policy in hybrid regimes : the case of Kazakhstan
Epstein, Natan; Portillo, Rafael - 2014
Persistent link: https://www.econbiz.de/10010388860
Cover Image
Where Have the Monetary Surprises Gone? : The Effects of FOMC Statements
Swiston, Andrew - 2007
This paper examines the impact of central bank communication on market expectations of monetary policy and long-term interest rates by comparing Federal Open Market Committee (FOMC) action dates when a policy statement was made to dates before statements were issued. Increased communication has...
Persistent link: https://www.econbiz.de/10014400435
Cover Image
Monetary Policy in Hybrid Regimes : The Case of Kazakhstan
Epstein, Natan P. - 2014
inflation in the context of a managed exchange rate regime. Over the past two years, the central bank has taken steps to enhance …
Persistent link: https://www.econbiz.de/10014411392
Cover Image
Informational Efficiency, Interest Rate Variability, and Central Bank Operations
International Monetary Fund - 1997
It is shown how the frequency of central bank intervention in financial markets can affect the incentives for economic agents to acquire information, which will be reflected in market prices and thus become available to policy makers. The optimal frequency of intervention, and therefore the...
Persistent link: https://www.econbiz.de/10014403364
Cover Image
Transformation of Markets and Policy Instruments for Open Market Operations
Axilrod, S. H. - 1995
As developing countries and economies in transition have relied on deregulated, competitive markets to spur growth, their central banks have shifted toward using open market operations as a tool of monetary policy. To be most effective, such operations require supportive changes in other policy...
Persistent link: https://www.econbiz.de/10014398291