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EXCHANGE RATE REGIMES AND INFLATION –ONLY HARD PEGS MAKE A DIFFERENCE
Bleaney, Michael F.; Manuel Francisco - University <Nottingham> / Department of Economics - 2003
Previous research has suggested that pegged exchange rates are associated withlower inflation than floating rates. In … that “hard” pegs (currency boards or a shared currency) reduce inflationand money growth... …
Persistent link: https://www.econbiz.de/10005868816
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The reception of public signals in financial marketswhat if central bank communication becomes stale?
Ehrmann, Michael; Sondermann, David - European Central Bank - 2009
-term interest rates to the Bank of England’s inflation report andto macroeconomic announcements. Due to the quarterly frequency at …, the more timehas elapsed since the latest release of an inflation report, market volatility shouldincrease, the price …
Persistent link: https://www.econbiz.de/10005866483
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MONETARY POLICY WITH AN ENDOGENOUS CAPITAL STOCKWHEN INFLATION IS PERSISTENT
Mash, Richard - University <Oxford> / Department of Economics - 2002
setting causes inflation persistence. We analyse how the endogeneityof the capital stock changes the macroeconomic dynamics …
Persistent link: https://www.econbiz.de/10005870253
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A Monetary Model with Strong Liquidity Effects
Hagedorn, Marcus - Institut für Schweizerisches Bankwesen <Zürich> - 2001
This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the … velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to …
Persistent link: https://www.econbiz.de/10005857754
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After the Great Debasement, 1544-51: Did Gresham’s Law Apply?
Li, Ling-Fan - London School of Economics and Political Science - 2009
the disappearance of good money over this period has provided any solid quantitative assessment of the effectiveness of …
Persistent link: https://www.econbiz.de/10005870464
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The Effects Of The 1925 Portuguese Bank Note Crisis
Wigan, Henry - London School of Economics and Political Science - 2004
bank through which he concealed over £3m in counterfeit money.[...] …
Persistent link: https://www.econbiz.de/10005870587
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Measuring Instruments in Economics and the Velocity of Money
Morgan, Mary S. - London School of Economics and Political Science - 2006
measure the velocity of money ranging from the 17th to the 20th centuries. These historical experiences suggest that numerical …
Persistent link: https://www.econbiz.de/10005870928
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Time is Money: A Re-assessment of the Passenger Social Savings From Victorian British Railways
Leunig, Timothy - London School of Economics and Political Science - 2005
saving money to saving time came when railway technology stopped simply fulfilling existing demand more cheaply (travel for …
Persistent link: https://www.econbiz.de/10005870947
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The bank lending channel revisited
Disyatat, Piti - Bank für Internationalen Zahlungsausgleich <Basel> - 2010
A central proposition in research on the role that banks play in the transmission mechanism is that monetary policy imparts a direct impact on deposits and that deposits, insofar as they constitute the supply of loanable funds, act as the driving force of bank lending. This paper argues that the...
Persistent link: https://www.econbiz.de/10005871023
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Interest subsidies on student loans: A better class of drain
Barr, Nicholas A.; Johnston, Alison - London School of Economics and Political Science - 2010
This paper discusses the problems that arise from interest subsidies in the UK system of student loans; systems in other countries, for example Australia and New Zealand, face similar problems. The topic appears to be narrow and technical, and of significance only to the most nerdy of...
Persistent link: https://www.econbiz.de/10005871051