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Money in the search for a nominal anchor
Ireland, Peter N. - 2024
Persistent link: https://www.econbiz.de/10015064975
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Tight money policies and inflation revisited
Bhattacharya, Joydeep; Kudoh, Noritaka - In: The Canadian journal of economics 35 (2002) 2, pp. 185-217
Persistent link: https://www.econbiz.de/10001691895
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Tight Money Policies and Inflation Revisited
Bhattacharya, Joydeep; Kudoh, Noritaka - 2002
This paper reconsiders the link between tight money policies and inflation in the spirit of Sargent and Wallace's (1981 … return-dominated currency is used to study the long-run effects on inflation of a tightening of monetary policy engineered … arithmetic can be stable. In contrast, when monetary policy is conducted via an inflation target rule, the only stable …
Persistent link: https://www.econbiz.de/10014126294
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Tight Money Policies and Inflation Revisited
Bhattacharya, Joydeep; Kudoh, Noritaka - 2004
In this paper we reconsider the link between tight money policies and inflation in the spirit of Sargent and Wallace …
Persistent link: https://www.econbiz.de/10014115753
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Expectations and the neutrality of interest rates
Cochrane, John H. - 2023
Persistent link: https://www.econbiz.de/10014414402
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Superneutrality of money under open market operations
Homburg, Stefan - 2015 - This version: 15 January 2015
Monetary policy is superneutral in an overlapping generations model. Previous authors have argued that superneutrality does not hold in such a setting. However, the standard results rely on the counter-factual premise of helicopter money and are overturned if money creation through open market...
Persistent link: https://www.econbiz.de/10010492458
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Superneutrality of money under open market operations
Homburg, Stefan - 2015
Monetary policy is superneutral in an overlapping generations model. Previous authors have argued that superneutrality does not hold in such a setting. However, the standard results rely on the counter-factual premise of helicopter money and are overturned if money creation through open market...
Persistent link: https://www.econbiz.de/10010483593
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Superneutrality of money under open market operations
Homburg, Stefan - In: Review of economics 66 (2015) 3, pp. 289-302
Persistent link: https://www.econbiz.de/10011477654
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Central bank purchases of government bonds
Huber, Samuel; Kim, Jaehong - 2015
We develop a dynamic general equilibrium model to analyze the effects of central bank purchases of government bonds by investigating the following three questions: Under what conditions are these purchases socially desirable, what incentive problems do they mitigate, and how large are these...
Persistent link: https://www.econbiz.de/10011389605
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Bank lending, financial frictions, and inside money creation
Altermatt, Lukas - 2019
inflation rate reduces investment and welfare. This is because the money market is an outside option for banks that face bad …
Persistent link: https://www.econbiz.de/10012018953