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Purpose – Since monetary policy has great economic impacts, before the policy implementation, careful simulation … the theory of credit rationing from Stigliz and Weiss, combining threshold factors of capital restraint policy with the … effect. The method of simulation used in this paper has not been found in other literatures, and the results have strong …
Persistent link: https://www.econbiz.de/10010814592
through the trade. This mutual relationship between two countries can be expressed by the Nash-equilibrium in the Game theory …
Persistent link: https://www.econbiz.de/10005029399
Recent failures of monetary and fiscal policy reflect deficiencies in prevailing theories of demand management. Taking available data into account, this book discusses the merits and shortcomings of Keynesian and monetarist approaches and develops the lines along which our theories need to be...
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This book examines the little-understood effects of the corporation income tax, a mainstay of the U.S. federal revenue system.
Persistent link: https://www.econbiz.de/10010949309
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Martin Feldstein, Harvard economist, on monetary policy, social security reform, tax cuts and the NBER.
Persistent link: https://www.econbiz.de/10005352733
In this paper, we consider a government that executes a permanent open market sale. The government is forced to eventually use money creation to pay for the debt's expenses, choosing between changing either the money growth rate (the inflation-tax rate) or the reserve requirement ratio (the...
Persistent link: https://www.econbiz.de/10005706849
A Minneapolis Fed/University of Minnesota conference explores the mysteries of money
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