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through inflation targeting. The ECB aims at a target inflation rate below but close to 2%. However, the diversity among the … each individual member state. Some Eurozone member states experience generally higher levels of inflation and higher … unemployment. On the other side are countries like Germany which are more concerned with maintaining low inflation only. Many …
Persistent link: https://www.econbiz.de/10009449317
This paper reports the results of experimental asset markets designed to investigate how the public disclosure of uncertain information affects market and individual outcomes. In some markets, no information is released as trading starts, and in others, an imperfect pre-announcement is...
Persistent link: https://www.econbiz.de/10009459067
Research macroeconomists have witnessed remarkable methodological developments in mathematical, statistical, and computational tools during the last two decades. The three essays in this dissertation took advantage of these advances to analyze important macroeconomic issues.The first essay, “...
Persistent link: https://www.econbiz.de/10009460581
economic growth, inflation and also the channel through which the outcome is more significant. The results show that in all of …
Persistent link: https://www.econbiz.de/10009460826
There are no good monetary policy options. Since policymakers must choose between alternative policies with undesirable consequences, there is no reason to assume that a single option will be selected and adhered to. Rather, policies will continue to alternate between "spurts" of monetary growth...
Persistent link: https://www.econbiz.de/10009482985
At the last meeting of this committee, we presented forecasts for the M 1 - Adjusted Monetary Base Multiplier in seasonally adjusted form for the first time. The seasonal adjustment was accomplished by utilizing the published seasonal factors for various components of the monety stock as...
Persistent link: https://www.econbiz.de/10009482991
, and I forecast the cyclical slump to continue at least through mid-year 1996. Inflation has begun to recede, a trend that … will continue into 1997. This environment of modest economic growth and declining inflation will remain favorable for …
Persistent link: https://www.econbiz.de/10009482992
stimulate now and prevent inflation later. Efforts to get Germany, Japan and others to replace stable, noninflationary policies …
Persistent link: https://www.econbiz.de/10009482995
The reflexes of politicians to problems, in particular those created by their past policies, are well conditioned. This pattern holds in particular for international financial problems. Major swings in the dollar in foreign exchange markets seem reliably associated with rising demands for...
Persistent link: https://www.econbiz.de/10009482996
Once again, the Federal Reserve is under attack from lawmakers who propose measures designed to increase the accountability of monetary policymakers while preserving the independence of the institution. Legislation that is currently the subject of debate on Capitol Hill would either remove the...
Persistent link: https://www.econbiz.de/10009482998