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The effect of monetary unification on public debt and its real return

Beetsma, Roel; Vermeylen, Koen - 2005

We explore the implications of monetary unification for real interest rates and (relative) public debt levels. The adoption of a common monetary policy renders the risk-return characteristics of the participating countries more similar, so that the substitutability of their public debt increases...

Persistent link: https://www.econbiz.de/10002592058

Credit and finance in the macroeconomy

Favara, Giovanni - 2006

Persistent link: https://www.econbiz.de/10003419069

Supermultiplier models, demand stagnation, and monetary policy : inevitable march to the lower bound for interest rates?

Fazzari, Steven M. - 2024

This article integrates monetary policy into a very simple dynamic supermultiplier model with an accommodating supply side. Results show that monetary policy guided by a conventional Taylor rule may stabilize an economy around the steady-state path of demand-led growth following temporary demand...

Persistent link: https://www.econbiz.de/10014529506

Macroeconomic dynamics and the IS puzzle

Hawkins, Raymond J.; Nguyen, Chau N. - 2017

output and real-rate gaps can be represented in a parsimonious and practical manner using the theory of anelasticity that …

Persistent link: https://www.econbiz.de/10011650342

The impact of key monetary variables on the economic growth of the CEMAC zone

Njimanted, Forgha Godfrey; Akume, Akume Daniel; Mukete, … - In: Expert journal of economics 4 (2016) 2, pp. 54-67

selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and … their lagged values using the Vector Auto-regressive (VAR) analytical technique. The Classical quantity theory of money, the … Cambridge Cash Balanced, the liquidity preference theory and the Monetarists as theoretical frameworks were explored to …

Persistent link: https://www.econbiz.de/10012062559