Showing 1 - 10 of 481
/implications – The conclusion of this paper should be incorporated in all macroeconomics textbooks. Lack of such analyses may leave a … paper is to readers of macroeconomics textbooks. This paper has an original value in that it communicates to readers that … most macroeconomic textbooks fail to provide detailed and clear explanations as to why very frequently monetary policy does …
Persistent link: https://www.econbiz.de/10014745307
Purpose – The purpose of this paper is to study the short‐term macroeconomic effects of the fiscal policy in Colombia for the 1980‐2007 period using a structural vector autoregression (SVAR) model. Design/methodology/approach – The authors' benchmark is a five‐variable SVAR model which...
Persistent link: https://www.econbiz.de/10014866847
Purpose – The purpose of this paper is to develop and demonstrate a performance‐based allocation model for university libraries in India. Design/methodology/approach – Using economic models with weighted values, a system of allocating funds to university library departments is illustrated....
Persistent link: https://www.econbiz.de/10014686151
Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...
Persistent link: https://www.econbiz.de/10014863425
Purpose – This paper aims to analyze the impact of common monetary policy shocks on house prices at national and capital city levels of aggregation, using Australian data and the Lastrapes (2005) two-part structural vector autoregressive (SVAR) empirical method. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10014778153
Purpose – This analysis seeks to deal with the emerging economies and to reveal that, if the fiscal authority is accountable with a policy that stabilizes the public debt/GDP ratio, the consequence is a low Treasury bond risk premium. Design/methodology/approach – Based on the purpose of...
Persistent link: https://www.econbiz.de/10014863279
Purpose – The purpose of this paper is to study if the central bank (BC) communications affect the effectiveness of the monetary policy. Design/methodology/approach – For this analysis, a new Keynesian theoretical model and the ordinary least squared methodology were used. The objective to...
Persistent link: https://www.econbiz.de/10014863157
Purpose – This paper aims to study a monetary policy problem, where concerns with price stability and with the impact of interest rates on public debt are simultaneously addressed. Design/methodology/approach – The problem is analytically approached under a new Keynesian monetary policy...
Persistent link: https://www.econbiz.de/10014863247
Purpose – The purpose of this paper is to examine the inertia of monetary policy in the Jordanian economy, in which the monetary policy is neutral owing to the adoption of a fixed exchange rate with the US dollar. The question of the current paper is: Does monetary policy inertia exist in such...
Persistent link: https://www.econbiz.de/10014863275
Purpose – The purpose of this paper is to make an analysis of the Brazilian experience after the adoption of inflation targeting concerning the effects caused by the new practices of transparency and communication in the monetary policy. Design/methodology/approach – Changes in the financial...
Persistent link: https://www.econbiz.de/10014863354