The paper discusses exchange rate overshooting in connection with foreign exchange intervention.

In this article, i examine the relationship between monetary and fiscal policies in a panel of 70 developing countries. I find that the size of the government's deficit and the methods by which it is financed are strongly related to monetary policy reactions to increase in both government credit...

For modern macroeconomic theory the infinitely lived representative agent model and the overlapping generations model, are the two most important frameworks of analysis. Both models form a unified approach in the sense that they are competitive general equilibrium models. When it comes to...

This paper focuses on the relationship between the monetary base and monetary aggregates in Japan via the money multiplier.

This paper investigates whether there are differential effects of monetary policy across bank size and business size in Japan, to test the presence of the "bank lending channel" of monetary policy.

This paper provides a preliminary investigation of the monetary instruments used by the central bank of China, Taiwan. Final and intermediate targets are identified. An illustrative estimate of the weights that the central bank's might attach to its targets is provided as are the long-run trade...