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Speed of Adjustment to Selected Labour Market and Tax Reforms
Mourougane, Annabelle; Vogel, Lukas - Economics Department, Organisation de Coopération et … - 2008
This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the...
Persistent link: https://www.econbiz.de/10005046200
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Imperfect Competition, Monetary Policy and Welfare in a Currency Area
Lombardo, Giovanni - Deutsche Bundesbank - 2002
auf die Wohlfahrt und die optimale Geldpolitik. Betrachtet werden zwei Möglichkeiten, wie die Wettbewerbsintensität am … die Geldpolitik effektiver sein, wenn die Länder größere Asymmetrien aufweisen. Diese Ergebnisse legen es nahe, dass die … intensiver ist. Die optimale Geldpolitik der Zentralbank der Währungsunion wird ermittelt und mit einer einfachen Taylor …
Persistent link: https://www.econbiz.de/10005083139
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Containment and Resolution in the Financial Crisis: Too Little, Too Late
Honohan, Patrick - In: CESifo Forum 9 (2008) 4, pp. 22-27
Persistent link: https://www.econbiz.de/10005013175
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Taylor-Regel und Subprime-Krise - Eine empirische Analyse der US-amerikanischen Geldpolitik
Erler, Alexander; Krizanac, Damir - Volkswirtschaftliche Fakultät, … - 2009
This paper examines the impact of the U.S. monetary policy on the Subprime mortgage crisis using a modified taylor rule. The main finding is that during the pre-crisis period the short term rate deviated significantly from the estimated taylor rate. This deviation may have been a cause of the...
Persistent link: https://www.econbiz.de/10008458491
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Geldpolitik und vorausschauende Taylor-Regeln ; Theorie und Empirie am Beispiel der Deutschen Bundesbank
Kamps, Christophe; Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2002
In diesem Beitrag wird aufgezeigt, dass sich die Geldpolitik der Deutschen Bundesbank im Zeitraum 1991 bis 1998 gut mit …
Persistent link: https://www.econbiz.de/10005818912
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Bank lending channel of monetary policy transmission: India and the global financial crisis
Islam, M. Shahidul; Rajan, Ramkishen S. - In: International Journal of Economics and Business Research 3 (2011) 5, pp. 557-575
, especially following the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions, and in contrast to the USA …
Persistent link: https://www.econbiz.de/10009352472
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Monetary environment and market inefficiency
Hammami, Yacine - In: International Journal of Monetary Economics and Finance 5 (2012) 1, pp. 24-37
environments. Consistent with this intuition, empirical tests here highlight that expected stock returns in the USA are driven by …
Persistent link: https://www.econbiz.de/10010669711
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The use of impression management to promote 'starve the beast' policies
Hageman, Amy M.; Arnold, Vicky; Sutton, Steve G. - In: International Journal of Critical Accounting 1 (2009) 1/2, pp. 123-143
This study explores the use of impression management techniques promoting tax policy consistent with starve the beast (STB) policies. We employ thematic content analysis to examine how the 'independent' Federal Reserve Board (FRB) under Alan Greenspan used impression management tactics mimicking...
Persistent link: https://www.econbiz.de/10010691704
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An Empirical Analysis of the Austrian Business Cycle Theory
Luther, William; Cohen, Mark - In: Atlantic Economic Journal 42 (2014) 2, pp. 153-169
The Austrian economists Ludwig von Mises and Friedrich A. Hayek developed a unique theory of the business cycle. In their view, an unsustainable boom ensues when the rate of interest prevailing in the market falls below the natural rate. The boom is characterized not only by an increase in...
Persistent link: https://www.econbiz.de/10010989100
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El nivel de precios, la política monetaria y la regla de Taylor en una economía IS/LM de precios flexibles
Lizarazu Alanez, Eddy - In: Revista Nicolaita de Estudios Económicos VIII (2013) 2, pp. 7-34
We study a flexible price IS/LM economy in which the money supply and interest rate play the role of monetary policy instruments. If the central bank sets the nominal interest rate, the ambiguity in the price level is manifested. However, the equilibrium price level is permissible, if the...
Persistent link: https://www.econbiz.de/10010991609