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In pursuit of a stable stabilization policy in Sweden : from the gold standard to inflation targeting and beyond

Jonung, Lars - 2019

Persistent link: https://www.econbiz.de/10012508742

Nominal Targeting in an Economy with Government Debt

Bai, Yuting - 2016

The fiscal policy environment central banks operate in can be radically different with respect to debt levels, maturity structures and whether or not fiscal adjustments are spending or tax based. Despite this, most analyses of monetary policy delegation schemes typically ignore the behavior of...

Persistent link: https://www.econbiz.de/10013004050

Gazing at r-star : a hysteresis perspective

Beaudry, Paul; Kartashova, Katya; Meh, Césaire Assah - 2023 - Last updated: January 12, 2023

Many explanations for the decline in real interest rates over the last 30 years point to the role that population aging or rising income inequality plays in increasing the long-run aggregate demand for assets. Notwithstanding the importance of such factors, the starting point of this paper is to...

Persistent link: https://www.econbiz.de/10013482643

Inflation Band Targeting for a Solution to the Time Inconsistency Problem

Aoki, Masaru - 2016

The purpose of this short paper is to show that inflation “band” targeting can solve the “time inconsistency” problem that exists under inflation “point” targeting by setting a relevant target range. Moreover, we show that inflation band targeting has the following two advantages,...

Persistent link: https://www.econbiz.de/10014169710

Inflation Targeting: A three-decade perspective

Abo-Zaid, Salem; Tuzemen, Didem - In: Journal of Policy Modeling 34 (2012) 5, pp. 621-645

Using cross-country data for developed and developing countries over the period 1980–2007, we study the effects of the Inflation Targeting regime on levels and volatilities of inflation, GDP growth and fiscal imbalances. Our results indicate that the targeting developing countries are...

Persistent link: https://www.econbiz.de/10010594842

The Swedish macroeconomic policy framework

Calmfors, Lars - 2015

The paper describes the monetary and fiscal policy frameworks in Sweden and analyses how they were established as well … as current challenges. Sweden provides a good example of how deep economic crisis, in interaction with independent … frameworks. It remains to be seen whether it will be possible in Sweden to adapt the monetary and fiscal frameworks to changed …

Persistent link: https://www.econbiz.de/10011302486

Evaluating monetary policy options for managing resource revenue shocks when fiscal policy is laissez-faire : application to Nigeria

Chuku, Chuku Agbai - 2016

This study considers the implications of alternative monetary policy regimes to deal with a laissez-faire fiscal policy rule, where the government completely spends resource revenue windfall contemporaneously. A three sector dynamic stochastic general equilibrium model, which features key...

Persistent link: https://www.econbiz.de/10011456170

Twenty years of the German euro are more than enough

Bibow, Jörg - 2018

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...

Persistent link: https://www.econbiz.de/10011894027

The Impacts of Financial Policies on Inflation Rates in Sudan (1989-2010)

Mohamed, Issam A.W. - 2012

The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis depended on time series data and was divided into theoretical and applied analytical framework. An econometric model was utilized to reflect the relations between financial policy...

Persistent link: https://www.econbiz.de/10013107752

A New Approach for the General Equilibrium Analysis. Increase of the Production and Employment with Monetary and Fiscal Boosts

Nomidis, Dimitrios - 2014

The purpose of this paper is to present an approach with regard to the dynamic process of the general equilibrium during the business cycle fluctuations following monetary and fiscal interventions, which, I think, could contribute to bridging the differences between the different schools of...

Persistent link: https://www.econbiz.de/10013053400

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