no systematic link between thedecline in inflation and the upward adjustments in indexed interest rates. Third,changes in … the exchange rate and in the performance of the external sector helpexplain the decline in inflation. Fourth, the strong …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …

, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the …

both cases the possible failure of the saddle-path condition arises when there are debt-deflation effects in the IS curve …. If interest rates are set according to the Taylor rule, then debt-deflation is always enough to cause the failure of the … effect from the LM curve may offset the debt-deflation effect and produce a saddle-path. …

household debt restructuring and defaults ; in the United Kingdom inflation has dominated, eroding the value of debt ; and in … not only in the intensity of debt reduction but also in the distribution between agents and productive sectors, and in the … policies and international environments. In the United States the drivers reducing debt are the improvement in activity and …

formal economy? It is demonstrated, for the first question, that in the trade-off between inflation and reserve requirements …, the optimal policy is maximum inflation and minimum reserve requirements that will increase the steady-state utility of an …

external debt in a general equilibrium setup, incorporatingexplicitly the role of international lenders. I look at specific …? What are the effects of date- andmaturity-specific reserve requirements on the maturity structure of external debt? Canthey … reserve requirement rate on the long-term debtmust be higher than that on the short-term debt for a tilt towards a longer …

domestic currency appreciation under an inflation-targeting regime. The results indicate that the combination of peso …