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NBER Macroeconomics Annual 2004
Gertler, Mark (contributor); Rogoff, Kenneth (contributor) - The MIT Press
The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers addressed to a broad audience of public policymakers as well as to the academic community. Each paper is followed by comments and discussion to give a more complete context for the views...
Persistent link: https://www.econbiz.de/10004973044
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A new paradigm for macroeconomic policy
Arestis, Philip; Sawyer, Malcolm - In: International Journal of Public Policy 7 (2011) 1/2/3, pp. 22-39
In this paper we advocate a way of approaching macroeconomic policy, which stands in contrast to the now discredited 'new consensus in macroeconomics' policy framework. The five pillars of our approach are: the need for budget deficits to support the level of aggregate demand; full consideration...
Persistent link: https://www.econbiz.de/10010817058
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Fiscal Policy in a Depressed Economy
DeLong, J. Bradford; Summers, Lawrence H. - In: Brookings Papers on Economic Activity 44 (2012) 1 (Spring), pp. 233-297
Persistent link: https://www.econbiz.de/10010900591
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Address to the New College class of 2010
Dudley, William - Federal Reserve Bank of New York - 2010
Remarks at the New College of Florida 44th Annual Commencement, Sarasota, Florida.
Persistent link: https://www.econbiz.de/10010725004
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Keynesian economics without the LM and IS curves: a dynamic generalization of the Taylor-Romer model
Koenig, Evan F. - Federal Reserve Bank of Dallas - 2008
John Taylor and David Romer champion an approach to teaching undergraduate macroeconomics that dispenses with the LM half of the IS-LM model and replaces it with a rule for setting the interest rate as a function of inflation and the output gap - i.e., a Taylor rule. But the IS curve is...
Persistent link: https://www.econbiz.de/10004993781
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Address to the New College class of 2010
Dudley, William - In: Speech (2010) May 21
Remarks at the New College of Florida 44th Annual Commencement, Sarasota, Florida.
Persistent link: https://www.econbiz.de/10008498249
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How effective is the monetary policy?
Shokoofeh, Fazel - In: Humanomics: The International Journal of Systems and Ethics 22 (2006) July, pp. 139-144
/implications – The conclusion of this paper should be incorporated in all macroeconomics textbooks. Lack of such analyses may leave a … paper is to readers of macroeconomics textbooks. This paper has an original value in that it communicates to readers that … most macroeconomic textbooks fail to provide detailed and clear explanations as to why very frequently monetary policy does …
Persistent link: https://www.econbiz.de/10005011453
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The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003
Salas, John Michael Ian S. - EconWPA - 2004
This paper attempts to provide an empirical determination of the Philippine central bank's (BSP) recent monetary policy stance, before and after its adoption of the inflation targeting framework, as revealed by its interest rate setting behavior. Employing Clarida, Gali, and Gertler's (1998,...
Persistent link: https://www.econbiz.de/10005561255
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Getting to Know GIMF; The Simulation Properties of the Global Integrated Monetary and Fiscal Model
Anderson, Derek; Hunt, Ben; Kortelainen, Mika; Kumhof, … - International Monetary Fund (IMF) - 2013
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the model’s...
Persistent link: https://www.econbiz.de/10011242434
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"Economic Policy in India: For Economic Stimulus, or for Austerity and Volatility?"
Sen, Sunanda; DasGupta, Zico - Levy Economics Institute - 2014
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010862118