Showing 1 - 10 of 11,398
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …
Persistent link: https://www.econbiz.de/10012625516
central bank ensures a Dollar inflation target, while Bitcoin mining is decentralized via proof-of-work. We analyze Bitcoin …
Persistent link: https://www.econbiz.de/10012899647
This paper introduces an empirical measure of the cost of allocating money market volatility between the money stock and the Federal funds rate, the principal purpose being to devise a framework for data-based measures of the short-run implied by alternative operating procedures
Persistent link: https://www.econbiz.de/10013403837
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in … measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes … the consequences of such policy measures in India, particularly during the period of the global recession. Not only did …
Persistent link: https://www.econbiz.de/10010385761
Is asset liquidity a source of price volatility? We answer this question within a continuous-time, New Monetarist economy under extrinsic uncertainty and endogenous asset liquidity. We consider single or multiple assets, risk-free or risky assets, assets that have a positive intrinsic value, no...
Persistent link: https://www.econbiz.de/10014239423
We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard … deviations from the policy rule and the results are re-enforced by the presence of non-zero trend inflation. …
Persistent link: https://www.econbiz.de/10011389786
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often … overlooked in the literature. This paper compares inflation volatility among advanced open economies with inflation targeting …, the volatility of inflation was similar among countries, even when controlling for monetary policy activity and other …
Persistent link: https://www.econbiz.de/10012827759
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …
Persistent link: https://www.econbiz.de/10012249671
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in … measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes … the consequences of such policy measures in India, particularly during the period of the global recession. Not only did …
Persistent link: https://www.econbiz.de/10013033002
suggest that an increase in the policy rate by 1% is associated with a rise in unemployment and inflation volatility of about …
Persistent link: https://www.econbiz.de/10011928806