Narrow search
Showing 1 - 10 of 45,354
Cover Image
Precommitment, transparency and monetary policy
Geraats, Petra M.; Geraats, Petra - 2001
Conventional wisdom says that commitment eliminates the inflationary bias of monetary policy. However, this paper shows that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central bank precommits by setting the policy instrument, and...
Persistent link: https://www.econbiz.de/10001612960
Cover Image
Precommitment, transparency and monetary policy
Geraats, Petra M. - 2001
Conventional wisdom says that commitment eliminates the inflationary bias of monetary policy. However, this paper shows that the inflation bias can persist even when the central bank commits. A simple model is presented in which the central bank precommits by setting the policy instrument, and...
Persistent link: https://www.econbiz.de/10011419400
Cover Image
Risk, inside money, and the real economy
Buggenum, Hugo van - 2021
Persistent link: https://www.econbiz.de/10012592098
Cover Image
Money, e-money and consumer welfare
Carli, Francesco; Uras, Burak - 2022
-money reduces spatial separation frictions and enables risk-sharing. We characterize the conditions that promotes e-money to be …
Persistent link: https://www.econbiz.de/10013471973
Cover Image
Money, e-money, and consumer welfare
Carli, Francesco; Uras, Burak - 2022
Persistent link: https://www.econbiz.de/10013475284
Cover Image
Rules-of-thumb for guiding monetary policy
Poole, William - In: Review / Federal Reserve Bank of St. Louis 90 (2008) 4, pp. 447-497
Persistent link: https://www.econbiz.de/10003764420
Cover Image
Uninsured countercyclical risk : an aggregation result and application to optimal monetary policy
Braun, R. Anton; Nakajima, Tomoyuki - 2011
countercyclical idiosyncratic labor and asset risk. We derive conditions under which the aggregate allocations and price system can be … policy in a new Keynesian economy with uninsured countercyclical individual risk. The optimal monetary policy that emerges … at zero. -- uninsured risk ; sticky prices ; optimal monetary policy …
Persistent link: https://www.econbiz.de/10008909048
Cover Image
Optimal monetary policy under parameter uncertainty in a simple microfounded model
Kurozumi, Takushi - In: Macroeconomic dynamics 14 (2010) 2, pp. 257-268
Persistent link: https://www.econbiz.de/10003980610
Cover Image
Money as an institution of capitalism : some notes on a monetary theory of uncertainty
Bertocco, Giancarlo - In: Economic notes : economic review of Banca Monte dei … 42 (2013) 1, pp. 75-101
Persistent link: https://www.econbiz.de/10009748389
Cover Image
Uninsured countercyclical risk : an aggregation result and application to optimal monetary policy
Braun, R. Anton; Nakajima, Tomoyuki - In: Journal of the European Economic Association 10 (2012) 6, pp. 1450-1474
Persistent link: https://www.econbiz.de/10009684128