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A Bitcoin standard : lessons from the gold standard
Weber, Warren E. - 2016
This paper imagines a world in which countries are on the Bitcoin standard, a monetary system in which all media of exchange are Bitcoin or are backed by it. The paper explores the similarities and differences between the Bitcoin standard and the gold standard and describes the media of exchange...
Persistent link: https://www.econbiz.de/10011446194
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The effects of monetary policy : a meta-analysis : presented at CESifo Area Conference on Macro, Money and International Finance, February 2004
De Grauwe, Paul; Costa, Cláudia - 2004
countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …
Persistent link: https://www.econbiz.de/10011449687
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Inflation and Financial Globalisation
Devereux, Michael B. - 2013
. Over the same period the volatility of inflation has declined in most countries. Many previous papers argue that financial … globalisation has led to improved policy-making and lower inflation. This paper makes the case that there could be causation running … in the other direction. We present theory and empirical evidence indicating that more stable inflation leads to a …
Persistent link: https://www.econbiz.de/10013083474
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The Effects of Monetary Policy : A Meta-Analysis
De Grauwe, Paul; Costa Storti, Claudia - 2021
countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …
Persistent link: https://www.econbiz.de/10013319175
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Openness and Aggressive Monetary Policy : A Study of Inflation Volatility and Persistence
Lo, Melody; Wong, M. C. Sunny; Granato, Jim - 2003
aggressive monetary policies which results in less inflation volatility and persistence. We find this pattern emerges strongly …
Persistent link: https://www.econbiz.de/10014088615
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Optimal Central Bank Lending
Schabert, Andreas - 2010
on macroeconomic aggregates. The central bank can set the policy rate and its inflation target in a way that implements …
Persistent link: https://www.econbiz.de/10013139614
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Oil Price Shocks and Monetary Policy in a Data-Rich Environment
Aastveit, Knut Are - 2013
This paper examines the impact of different types of oil price shocks on the U.S. economy, using a factor-augmented VAR (FAVAR) approach. The results indicate that when examining the effects of oil price shocks, it is important to account for the interaction between the oil market and the...
Persistent link: https://www.econbiz.de/10013081472
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Optimal Central Bank Lending
Schabert, Andreas - 2010
on macroeconomic aggregates. The central bank can set the policy rate and its inflation target in a way that implements …
Persistent link: https://www.econbiz.de/10013141658
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Kausalität in den Wirtschaftswissenschaften: Welche Ursachen hat die Finanzkrise?
Bernholz, Peter - 2009
Die Frage nach der Kausalität fällt in die Methodologie. Methodologie ist in den Wirtschaftswissenschaften ein Bereich, der sowohl bei Ökonomen als auch bei Philosophen kaum Beachtung findet. Ökonomik hat sich ursprünglich als eine kausal erklärende Wissenschaft verstanden. Sie wollte für...
Persistent link: https://www.econbiz.de/10003874794
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The global crisis and the remedial actions : a nonmainstream perspective
Sen, Sunanda - 2011
The global financial crisis has now spread across multiple countries and sectors, affecting both financial and real spheres in the advanced as well as the developing economies. This has been caused by policies based on "rational expectation" models that advocate deregulated finance, with...
Persistent link: https://www.econbiz.de/10009269425