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Monetary Aggregates and Monetary Policy
Rasche, Robert H.
At a quick glance, the behavior of various monetary aggregates in the recent past is quite bewildering. Since the beginning of 1991 (through June, 1992) Ml has grown at an annual rate of 10.5 percent, the adjusted monetary base at an annual rate of 7.8 percent, adjusted reserves at an annual...
Persistent link: https://www.econbiz.de/10009483005
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Choosing a Monetary Aggregate: Another Look
Poole, William
The Shadow Open Market Committee has traditionally summarized its monetary-policy advice in a recommended rate of growth of the monetary base. However, since the Shadow Open Market Committee meeting in the spring of 1991, our recommendation has deemphasized the base because rapid growth in...
Persistent link: https://www.econbiz.de/10009483006
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Where is the Mystery in the Behavior of the Monetary Aggregates?
Rasche, Robert H.
This position paper is divided into three parts. In the first part an analysis is present indicating the extent to which various forces have affected the growth of M1 since last November. (At the time of this writing August data are not yet available. I expect that the analysis can be updated to...
Persistent link: https://www.econbiz.de/10009483014
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Levels, Differences and ECMs – Principles for Improved Econometric Forecasting
Allen, P. Geoffrey; Fildes, Robert - 2004
An avalanche of articles has described the testing of a time series for the presence of unit roots. However, economic model builders have disagreed on the value of testing and how best to operationalise the tests. Sometimes the characterization of the series is an end in itself. More often, unit...
Persistent link: https://www.econbiz.de/10009467768
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Customer Markets and the Real Effects of Monetary Policy Shocks
Hristov, Nikolay - 2008
-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
Persistent link: https://www.econbiz.de/10009482289
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Formation and dispersion of expectations : an empirical analysis with special focus on inflation
Jonas Dovern - 2009
explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015
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Integration of hydrothermal energy economics related quantitative studies
2007
An evaluation of the existing hydrothermal energy economics related quantitative studies is provided. The objective is to present the similarities and differences in methodology and assumptions, and explain the impact of these differences on the energy price estimates. A brief summary of the...
Persistent link: https://www.econbiz.de/10009436375
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Geothermal probabilistic cost study
Orren, L.H.; Ziman, G.M.; Jones, S.C.; Lee, T.K.; Noll, R. - 2007
A tool is presented to quantify the risks of geothermal projects, the Geothermal Probabilistic Cost Model (GPCM). The GPCM model is used to evaluate a geothermal reservoir for a binary-cycle electric plant at Heber, California. Three institutional aspects of the geothermal risk which can shift...
Persistent link: https://www.econbiz.de/10009436921
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Summary of the technical report on estimating the impact of key programmatic risk allocation decisions on Phase 1 bids and U.S. Department of Energy costs
Keisler, J.M.; Buehring, W.A. - 2009
The US Department of Energy (DOE) is privatizing the processing of hazardous and radioactive tank waste at the Hanford Site in Washington State. As part of the privatization process, a request for proposals describing the conditions and DOE`s expectations for contractor performance and...
Persistent link: https://www.econbiz.de/10009436948
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The Behavior of Money and Other Economic Variables: Two Natural Experiments
Lothian, James R.; McCarthy, Cornelia H, - 2003
involving changes in the inflation and monetary-policy regimes: the move to floating exchange rates following the breakdown of … throughout the industrialized world a decade later. In the case of the float, inflation which had been rising since the mid-1960s …. Following the shifts to less expansive domestic policy, inflation peaked in most of those same countries and has continued to …
Persistent link: https://www.econbiz.de/10009440738