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Monetary policy has fiscal implications that are especially pronounced at the zero lower bound. Independent central banks in advanced economies have considerable leeway to ease fiscal pressures faced by governments without compromising price stability. They also have the power to create...
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A number of recent studies have suggested that activist stabilization policy rules responding to inflation and the … output gap can attain simultaneously a low and stable rate of inflation as well as a high degree of economic stability. The …
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A number of recent studies have suggested that activist stabilization policy rules responding to inflation and the … output gap can attain simultaneously a low and stable rate of inflation as well as a high degree of economic stability. The …
Persistent link: https://www.econbiz.de/10014161096
A number of recent studies have suggested that activist stabilization policy rules responding to inflation and the … output gap can attain simultaneously a low and stable rate of inflation as well as a high degree of economic stability. The …
Persistent link: https://www.econbiz.de/10014093519
Different long-run rates of growth of money supply are eventually reflected in different rates of inflation. Tobin … growth was associated with higher capital stock and output per person in the steady state. Faster inflation led savers to … rate is not affected by inflation. It examines the Fisher relation and focuses on deviations from the one infinitely lived …
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