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Issue Linkage and Issue Tie-in in Multilateral Negotiations.
Conconi, P.; Perroni, C. - Department of Economics, University of Warwick - 2000
multilateral cooperation when countries are linked by international trade flows and transboundary pollution. …
Persistent link: https://www.econbiz.de/10005583073
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Safe-Haven Korea? - Spillover Effects from UMPs
Ree, Jack; Choi, Seoeun - International Monetary Fund (IMF) - 2014
We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United … in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is … the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. …
Persistent link: https://www.econbiz.de/10011142093
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Central Bank Balances and Reserve Requirements
Gray, Simon - International Monetary Fund (IMF) - 2011
Most central banks oblige depository institutions to hold minimum reserves against their liabilities, predominantly in the form of balances at the central bank. The role of these reserve requirements has evolved significantly over time. The overlay of changing purposes and practices has the...
Persistent link: https://www.econbiz.de/10008839356
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Is Monetary Policy a Growth Stimulant in Nigeria? A Vector Autoregressive Approach
Adesoye, A. Bolaji; Maku, Olukayode E.; Atanda, … - Volkswirtschaftliche Fakultät, … - 2012
This paper critically examines the dynamic interaction between monetary policy tools in stimulating economic growth, as well as stabilizing the economy from external shocks in Nigeria. The paper considered key monetary time series variables and real growth of output in formulating Vector...
Persistent link: https://www.econbiz.de/10009397156
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Fiscal and monetary institutions and policies: onward and upward?
Burdekin, Richard C.K.; Banaian, King; Hallerberg, Mark; … - In: Journal of Financial Economic Policy 3 (2011) November, pp. 340-354
Purpose – The latest generation of research into macroeconomic policy has turned from more technical aspects of optimal control and expectations formation to consideration of the policymaking institutions themselves. More and more countries have moved towards greater degrees of central bank...
Persistent link: https://www.econbiz.de/10010611017
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Evaluating inflation forecast models for Poland: Openness matters, money does not (but its cost does)
Mukherjee, Deepraj; Kemme, David - Volkswirtschaftliche Fakultät, … - 2008
Countries in which inflation targeting has been adopted require high quality inflation forecasts. The Polish National Bank adopted a variant of implicit inflation targeting and therefore the ability to forecast inflation is critically important to policy makers. Since the domestic price...
Persistent link: https://www.econbiz.de/10004961523
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Liquidity preference as rational behaviour under uncertainty
Mierzejewski, Fernando - Volkswirtschaftliche Fakultät, … - 2006
An important concern of macroeconomic analysis is how interest rates affect the cash balance demanded at a certain level of nominal income. In fact, the interest-rate- elasticity of the liquidity demand determines the effectiveness of monetary policy, which is useless under absolute liquidity...
Persistent link: https://www.econbiz.de/10005835751
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The science of monetary policy: A new Keynesian perspective
Clarida, Richard; Galí, Jordi; Gertler, Mark - Department of Economics and Business, Universitat … - 1997
This paper reviews the recent literature on monetary policy rules. We exposit the monetary policy design problem within a simple baseline theoretical framework. We then consider the implications of adding various real world complications. Among other things, we show that the optimal policy...
Persistent link: https://www.econbiz.de/10005772011
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Asymmetric effects of monetary policy in the US: Positive vs. negative or big vs. small?
Ravn, Morten O.; Solà, Martín - Department of Economics and Business, Universitat … - 1997
This paper reconsiders the empirical evidence on the asymmetric output effects of monetary policy. Asymmetric effects is a common feature of many theoretical models, and there are many different versions of such asymmetries. We concentrate on the distinctions between positive and negative...
Persistent link: https://www.econbiz.de/10005772042
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Should Canadian Monetary Policy Respond to Asset Prices? Evidence from a Structural Model
Fiodendji, Komlan - Volkswirtschaftliche Fakultät, … - 2011
Although the Bank of Canada admits asset prices are considered in its policy deliberations because of their effects on inflation or output gap, the Bank of Canada denies trying to stabilize asset prices around fundamental values. However, since the start of the Bank of Canada we have seen a boom...
Persistent link: https://www.econbiz.de/10008788789