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The extensive margin and monetary policy

Bergin, Paul R.; Corsetti, Giancarlo - In: Journal of monetary economics 55 (2008) 7, pp. 1222-1237

Persistent link: https://www.econbiz.de/10003791634

Is there a role for monetary aggregates in the conduct of monetary policy?

Estrella, Arturo; Mishkin, Frederic S. - 1996

Persistent link: https://www.econbiz.de/10000614034

Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?

Estrella, Arturo - 2006

We examine the potential policy role of monetary aggregates by attempting to use them as effectively as possible in the analysis of empirical relationships. We consider three possible roles: as information variables, as indicators of policy actions and as instruments in a policy rule. These...

Persistent link: https://www.econbiz.de/10012783973

Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?

Estrella, Arturo - 1996

Persistent link: https://www.econbiz.de/10012472983

Design Issues in the Implementation of Inflation Targets

Mishkin, Frederic S.; Posen, Adam Simon - Federal Reserve Bank <New York, NY> - 1997

[...]In the case studies that follow, we will see that thedesign choices for an inflation-targeting regime fall intofour basic categories: definition and measurement of thetarget, transparency, flexibility, and timing.[...]

Persistent link: https://www.econbiz.de/10005870227

Inflation targeting : lessons from four countries

Mishkin, Frederic S. - In: Economic policy review 3 (1997) 3, pp. 9-110

Persistent link: https://www.econbiz.de/10001226975

German Monetary Targeting : A Precursor to Inflation Targeting

Mishkin, Frederic S. - 2011

Persistent link: https://www.econbiz.de/10012756794

Nominal Debt and the Dynamics of Currency Crises

Corsetti, Giancarlo; Mackowiak, Bartosz - 2000

We study the interaction of fiscal and monetary policies during a currency crisis in an economy with government nominal liabilities. We show that the stock and maturity of these liabilities are key determinants of the magnitude, timing and predictability of a devaluation. Among notable features...

Persistent link: https://www.econbiz.de/10010369201

Productivity spillovers, terms of trade, and the home market effect

Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo - 2005

those related to firms' lower cost of entry or product differentiation. Our model suggests that countries with lower … manufacturing costs have higher GDP but supply a smaller number of goods at a lower international price. Countries with lower entry … domestic demand has macroeconomic implications that are similar to those of a reduction in firms' entry costs …

Persistent link: https://www.econbiz.de/10010283303

International dimensions of optimal monetary policy

Corsetti, Giancarlo; Pesenti, Paolo - 2001

This paper provides a baseline general-equilibrium model of optimal monetary policy among interdependent economies with monopolistic firms that set prices one period in advance. Strict adherence to inward-looking policy objectives such as the stabilization of domestic output cannot be optimal...

Persistent link: https://www.econbiz.de/10010283479

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