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Policy Rules and Targets: Framing the Central Banker’s Problem

Cecchetti, Stephen G. - Federal Reserve Bank <New York, NY> - 1998

Central bank policymakers are not primarilyrandom number generators.1 Reading boththe financial press and the work of academics,however, one might get the opposite impression.Reporters (and the readers of their stories) seem toattach considerable importance to each Federal OpenMarket Committee...

Persistent link: https://www.econbiz.de/10005870097

ELECTORAL UNCERTAINTY, THE DEFICIT BIAS ANDTHE ELECTORAL CYCLE IN A NEW KEYNESIANECONOMY

Leith, Campbell; Wren-Lewis, Simon - 2009

Political Economy, has focused on real economies wherethere is strategic use of policy instruments in a world of political …

Persistent link: https://www.econbiz.de/10005870119

Chinese Public Finance Framework: A Critical Analysis

Scapens, Robert William; Yang, Chun-Lei - Manchester Business School - 2008

This paper explores the complexities of government financial management in China andexamines the nature of the recent Public Finance Framework reform in that country. Weargue that this Public Finance Framework reform is not just the latest idea in a centrallydominated reform agenda (and a...

Persistent link: https://www.econbiz.de/10005870429

Fiscal and Financial Preconditions for the Rise of British Naval Hegemony1485-1815

O’Brien, Patrick Karl - London School of Economics and Political Science - 2005

In recent decades the new institutional economics has redrawn attention to the significance of state sponsored and regulated institutions, organisations, laws, rules, customs and culturally conditioned behaviour for the promotion of long term economic development (Menard and Shirley, 2005)....

Persistent link: https://www.econbiz.de/10005870569

The Banking CrisisReflected in the Financial Order of the Real World

Maier, Helmut - Leontief-Institut für Wirtschaftsanalyse <Berlin> - 2008

of superior economic and financial order acting within the real world (equal natural world). Within this order (equal …

Persistent link: https://www.econbiz.de/10005871206

The Present Banking and Financial CrisisReflected in the Financial Order of the Real World

Maier, Helmut - Leontief-Institut für Wirtschaftsanalyse - 2009

superior economic and financial order within the real world (equal natural world). Within this order (equal natural order … energy included in the eaten grass. Both payment transfers are observably made by eating. As humans live in the natural world … as well as in the human world they are subjected to both economic and financial orders. …

Persistent link: https://www.econbiz.de/10005871211

Costs of Taxation and Benefits of Public Goods with Multiple Taxes and Goods

Anderson, James E.; Martin, Will - Boston College / Department of Economics - 2010

The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify greater public good provision than indicated by traditional, compensated analyses. We develop a model including multiple public goods and taxes and derive consistent measures of the...

Persistent link: https://www.econbiz.de/10009302536