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The EMS, The Dollar and the Yen
Dornbusch, Rudiger - C.E.P.R. Discussion Papers - 1987
for macroeconomic and exchange rate policy. The first section explores the importance of seigniorage in financing the …
Persistent link: https://www.econbiz.de/10005504541
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The Exchange-Rate Question in Europe
Giavazzi, Francesco - C.E.P.R. Discussion Papers - 1989
This paper reviews the arguments for and against monetary unification in Europe, taking into account the recent shift in emphasis in discussions of exchange rate regimes. It discusses the merits of irrevocably fixed versus flexible exchange rates in the light of the literature on international...
Persistent link: https://www.econbiz.de/10005666407
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The European Monetary Union: An Agnostic Evaluation
Cohen, Daniel; Wyplosz, Charles - C.E.P.R. Discussion Papers - 1989
policy instrument, in the form of stabilization and revenues of seigniorage, and the gains from policy coordination. We argue … that the costs of giving up national seigniorage are small, but that, on the other hand, policy coordination is not …
Persistent link: https://www.econbiz.de/10005792253
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The enlargement of the European Union and the redistribution of seigniorage wealth
Feist, Holger - 2001
might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession …
Persistent link: https://www.econbiz.de/10011397787
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The simple analytics of Helicopter money : why it works - always
Buiter, Willem H. - 2014
The authors provides a rigorous analysis of Milton Friedman's parable of the 'helicopter' drop of money - a permanent/irreversible increase in the nominal stock of fiat base money which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010361687
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Are stationary hyperinflation paths learnable?
Adam, Klaus; Evans, George W.; Honkapoja, Seppo - 2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under …
Persistent link: https://www.econbiz.de/10011507885
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The corruption-inflation nexus : evidence from developed and developing countries
Ali, Mohamed Sami Ben; Sassi, Seifallah - In: The B.E. journal of macroeconomics 16 (2016) 1, pp. 125-144
Persistent link: https://www.econbiz.de/10011508582
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Budget crisis in the PIGS countries, monetary independence and hyperinflation
Sokic, Alexandre - In: International journal of applied economics and … 22 (2014) 4, pp. 117-132
Persistent link: https://www.econbiz.de/10010396186
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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