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We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
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This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences …) meetings during 1979. We then present and discuss in detail the reasons for the FOMC's adoption of the reform and the … the reform were consistent with monetarism, new, neo, or old-fashioned Keynesianism, nominal income targeting, and …
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"This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences …) meetings during 1979. We then present and discuss in detail the reasons for the FOMC's adoption of the reform and the … the reform were consistent with monetarism, new, neo, or old-fashioned Keynesianism, nominal income targeting, and …
Persistent link: https://www.econbiz.de/10002479820
We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization scheme based on the multilinear extension (MLE) of...
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