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Die Privatisierung der öffentlichen Arbeitsverwaltung am Beispiel Australiens
Bruttel, Oliver - 2002
Australien dar. Außerdem wird eine erste Analyse der Erfahrungen vor dem theoretischenHintergrund der Neuen Institutionenökonomik …
Persistent link: https://www.econbiz.de/10005843660
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The Trade and Welfare Impact of AustralianQuarantine Policies: The Case of Pigmeat
Beghin, John C.; Melatos, Mark - Iowa State University of Science and Technology <Ames, … - 2011
, we account for changes to Australia’s pigmeat quarantinepolicy over time including those changes related to the recent … resolution of a WTO disputebetween Australia and the European Union. Using a random utility model, and applying it tocorner … regimes implemented by Australia during the period 1988-2009. The welfare impact on consumers, producers, and foreign …
Persistent link: https://www.econbiz.de/10009360665
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Economic Integration and the Foreign Exchange
Weber, Enzo - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007
-round integration of two economies. Empirically, such a constellation is found between Australia and New Zealand, whereas diverging … trends in money and interest rates characterise the relation of Australia towards the US. …
Persistent link: https://www.econbiz.de/10005861005
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Oil shocks and optimal monetary policy
Montoro, Carlos - Bank for International Settlements / Monetary and … - 2010
In practice, central banks have been confronted with a trade-off between stabilising inflation and output when dealing with rising oil prices. This contrasts with the result in the standard New Keynesian model that ensuring complete price stability is the optimal thing to do, even when an oil...
Persistent link: https://www.econbiz.de/10005870912
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optimal monetary Policy in a new keynesian model with habits in consumption
Leith, Campbell; Moldovan, Ioana; Rossi, Raffaele - European Central Bank - 2009
While consumption habits have been utilised as a means of generating a hump shapedoutput response to monetary policy shocks in sticky-price New Keynesian economies,there is relatively little analysis of the impact of habits (particularly, external habits) onoptimal policy. In this paper we...
Persistent link: https://www.econbiz.de/10005866485
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On the Optimality of Delay in 'Monetary Policy as aProcess of Search'
Doyle, Matthew - Iowa State University of Science and Technology <Ames, … - 2006
Caplin & Leahy (1996) show that, when central bankers learn about theeconomy by observing its response to policy shock, cautious monetary policymay be ineffectual as private agents correctly anticipate that today's interestrate cuts are likely to be followed by future cuts. The central banker...
Persistent link: https://www.econbiz.de/10009360870
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Do Asymmetric Central Bank Preferences Help ExplainObserved Inflation Outcomes?
Doyle, Matthew; Falk, Barry - Iowa State University of Science and Technology <Ames, … - 2006
Recent theoretical work shows that changes in the volatility of inflation and/or unem-ployment affect equilibrium in°ation outcomes when the central banker's loss functionis asymmetric. We show that previous evidence offered in support of the propositionthat the volatility of unemployment helps...
Persistent link: https://www.econbiz.de/10009360871
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Optimal Monetary Policy and Economic Growth
Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine - Iowa State University of Science and Technology <Ames, … - 2006
This paper studies a overlapping generations economy with capital where limitedcommunication and stochastic relocation create an endogenous transactions role for…at money. We assume a production function with a knowledge-externality (Romer-style) that nests economies with endogenous growth (AK...
Persistent link: https://www.econbiz.de/10009360881
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Optimal Choice of Monetary Instruments in anEconomy with Real and Liquidity Shocks
Bhattacharya, Joydeep; Singh, Rajesh Kumar - Iowa State University of Science and Technology <Ames, … - 2005
Faced with real and nominal shocks, what should a benevolent central bankdo, …x the money growth rate or target the inflation rate? In this paper, wemake a …rst attempt at studying the optimal choice of monetary policy in-struments in a micro-founded model of money. Speci…cally, we produce...
Persistent link: https://www.econbiz.de/10009360889
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Sub-Optimality of the Friedman Rule inTownsend's Turnpike and Stochastic RelocationModels of Money: Do Finite Lives and Initial DatesMatter?
Bhattacharya, Joydeep; Bunzel, Helle; Martin, Antoine - Iowa State University of Science and Technology <Ames, … - 2005
The Friedman rule, a widely studied prescription for monetary policy, is optimal inTownsend’s turnpike model of money; it is not so in the overlapping generations versionof his stochastic relocation model of money. We investigate these monetary models inthe light of this disparity. To that...
Persistent link: https://www.econbiz.de/10009360894