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On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
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The paper answers three questions.(1) Does it matter if a central bank suffers a large capital loss? (2) Can the … central bank become insolvent? (3) When, how and by whom should the central bank be recapitalised? …
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symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be …
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symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be …
Persistent link: https://www.econbiz.de/10013152378
OECD countries, as in previous studies, and one to a sample of developing countries, using recent World Bank data. We find … predictor of non-monotonic effects. Using the World Bank data, the situations in which the non-monotonic response of national …
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The paper studies the inflation rate associated with optimal monetary and fiscal policy in a number of standard dynamic stochastic general equilibrium models with nominal price rigidities. While the focus is on Calvo-style nominal price contracts with a range of indexation rules for constrained...
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