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Two Crises, Two Ideas and One Question
Laidler, David - University of Western Ontario, Economic Policy Research … - 2012
Specific ideas about the Fisher relation between real and nominal interest rates and more general ideas about the nature of the central bank's duty to support the financial system in times of crisis were important to the Monetarist re-assessment of the causes of the Great Depression and what...
Persistent link: https://www.econbiz.de/10010681088
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Monetary policy and bubbles in the national and regional UK housing markets
Tsai, I-Chun - In: Urban Studies 52 (2015) 8, pp. 1471-1488
Numerous studies have explained the significant correlation between monetary policies and asset pricing bubbles. This study uses data on the overall UK housing market and the five UK regions with the highest house prices to evaluate the correlation between monetary policies and pricing bubbles...
Persistent link: https://www.econbiz.de/10011265000
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An Outline of the Existing Literature on Monetary Economics in India
Das, Rituparna - Volkswirtschaftliche Fakultät, … - 2010
-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to … India. There is a tendency among the Indian researchers to apply the theories developed abroad to up to date empirical data …
Persistent link: https://www.econbiz.de/10008533251
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International Evidence on the Neutrality of Money
Serletis, A; Moustas, Z - Department of Economics, University of Calgary - 1997
the integration and cointegration properties of the variable, since meaningful neutrality tests critically depend on such …
Persistent link: https://www.econbiz.de/10005671806
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Optimal Choice of Monetary Policy Instruments in a Macroeconometric Model
Fair, Ray C. - Cowles Foundation for Research in Economics, Yale University - 1987
It has been nearly twenty years since Poole (1970) wrote his classic article on the optimal choice of monetary policy instruments in a stochastic IS-LM model. Poole assumed that the monetary authority (henceforth called the Fed) can control the interest rate or the money supply exactly. These...
Persistent link: https://www.econbiz.de/10004990663
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The Implications of Cross-Border Monetary Aggregation
Lane, Timothy D.; Kremers, Jeroen J. M. - International Monetary Fund (IMF) - 1992
Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European...
Persistent link: https://www.econbiz.de/10005264074
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Bayesian Vars; A Survey of the Recent Literature with An Application to the European Monetary System
Ciccarelli, Matteo; Rebucci, Alessandro - International Monetary Fund (IMF) - 2003
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs …). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman … issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …
Persistent link: https://www.econbiz.de/10005825693
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Inflation in Tajikistan; Forecasting Analysis and Monetary Policy Challenges
Vtyurina, Svetlana; Alturki, Fahad - International Monetary Fund (IMF) - 2010
This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …
Persistent link: https://www.econbiz.de/10008519491
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Broad Money Demand and Asset Substitution in China
Wu, Ge - International Monetary Fund (IMF) - 2009
income elasticity of less than unity. Current inflation is found to have a significant negative impact on the real money …
Persistent link: https://www.econbiz.de/10008528622
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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth
Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002
Persistent link: https://www.econbiz.de/10005590873