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The International Monetary System in the (Very) Long Run
Sussman, Nathan; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2000
This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and...
Persistent link: https://www.econbiz.de/10005264089
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Fisher’s Equation: Some Methodological Doubts
Parchure, Rajas - eSocialSciences - 2011
The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on a rather shaky foundations. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp24.pdf].
Persistent link: https://www.econbiz.de/10009319324
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How to Fight Deflation in a Liquidity Trap; Committing to Being Irresponsible
Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2003
can be analyzed as a credibility problem if the government has only one policy instrument, money supply carried out by … solve the credibility problem. They involve printing money or nominal debt and either (1) cutting taxes, (2) buying real … these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …
Persistent link: https://www.econbiz.de/10005599394
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The ECB’s Monetary Analysis Revisited
Berger, Helge; Harjes, Thomas; Stavrev, Emil - International Monetary Fund (IMF) - 2008
money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non … policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and …
Persistent link: https://www.econbiz.de/10005599686
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Inflation in Pakistan; Money or Wheat?
Khan, Mohsin S.; Schimmelpfennig, Axel - International Monetary Fund (IMF) - 2006
Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the …
Persistent link: https://www.econbiz.de/10005604974
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Money and Inflation in the Islamic Republic of Iran
Bonato, Leo - International Monetary Fund (IMF) - 2007
real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with …
Persistent link: https://www.econbiz.de/10005605268
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A Monetary Policy Model without Money for India
Kapur, Muneesh; Patra, Michael Debabrata - International Monetary Fund (IMF) - 2010
A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and persistent when it sets in, irrespective of the source. Exchange...
Persistent link: https://www.econbiz.de/10008646425
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A contemporary investigation of causality between the primary government budget deficit and the ex ante real long term interest rate in the US
Cebula, Richard J. - In: BNL Quarterly Review 55 (2002) 223, pp. 417-435
federal income tax rates, the M2 money supply, the unemployment rate, an ex ante realshort term interest rate and net …
Persistent link: https://www.econbiz.de/10010854324
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How Do Global Liquidity Phases Manifest Themselves in Asia?
Asian Development Bank; Asian Development Bank (ADB) - 2013
Given the catastrophe in the world’s largest economy and the subsequent unprecedented ultra-easy money policies, policy …
Persistent link: https://www.econbiz.de/10010890147
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Revision of the money stock
In: Federal Reserve Bulletin (1970) Dec, pp. 887-909
Persistent link: https://www.econbiz.de/10005379970