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To be or not to be in monetary union : a synthesis
Clerc, Laurent; Ntellas, Charēs; Loisel, Olivier - In: Journal of international economics 83 (2011) 2, pp. 154-167
Persistent link: https://www.econbiz.de/10009248236
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Political economy of economic policy : the monetary reconstruction program (Serbia 1994) as a case study
Madžar, Ljubomir - In: Panoeconomicus 69 (2022) 2, pp. 151-172
Persistent link: https://www.econbiz.de/10013352702
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The Science of Monetary Policy: A New Keynesian Perspective
Clarida, Richard; Galí, Jordi; Gertler, Mark - C.E.P.R. Discussion Papers - 1999
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/10005666476
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How is the Debt Managed? Learning from Fiscal Stabilizations
Benigno, Pierpaolo; Giavazzi, Francesco; Missale, Alessandro - C.E.P.R. Discussion Papers - 2001
the stabilization program, to become stronger. In contrast, conventional measures of the relative cost of issuing long …
Persistent link: https://www.econbiz.de/10005114507
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The interaction of fiscal and monetary policy in a monetary union : Balancing credibility and flexibility
Bovenberg, A.L.Bovenberg; Beetsma, R.M.W.J. - Tilburg University, Center for Economic Research - 1995
This paper explores how decentralized, national fiscal policies interact with a common monetary policy in a monetary union. We show that fiscal policy plays a more important ro le in stabilizing country-specific shocks than with national monetary policies. Whereas monetary u nification with an...
Persistent link: https://www.econbiz.de/10011090899
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Exchange Rates and the EMS: Assessing the Track Record
Artis, Michael J; Taylor, Mark P - C.E.P.R. Discussion Papers - 1988
close substitutes? What have been the implications of the EMS for the longer-run stabilization of real exchange rates …
Persistent link: https://www.econbiz.de/10005661462
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The credibility of monetary policy announcements : empirical evidence for OECD countries since the 1960s
Belke, Ansgar; Freytag, Andreas; Keil, Jonas; … - 2011
Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this weak link and present the argument that monetary commitment...
Persistent link: https://www.econbiz.de/10009569729
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Deposit insurance and risk taking
Franklin, Allen; Carletti, Elena; Leonello, Agnese - In: Oxford review of economic policy 27 (2011) 3, pp. 464-478
Persistent link: https://www.econbiz.de/10009577892
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Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey
Hamella, Sandra; Haan, Jakob de - 2004
This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …
Persistent link: https://www.econbiz.de/10011399168
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Quantification and characteristics of household inflation expectations in Switzerland
Rosenblatt-Wisch, Rina; Scheufele, Rolf - In: Applied economics 47 (2015) 25/27, pp. 2699-2716
Persistent link: https://www.econbiz.de/10010519624