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In this dissertation, two questions concerning monetary policy under the Taylor rule have been addressed. The first question is on, under the Taylor rule, whether a central bank should be responsible for both bank supervision and monetary policy or whether the two tasks should be exercised by...
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The previous political dispensation limited black people’s participation in the SouthAfrican economy. Poor credit … report focuses on how credit risk can be mitigated by commercial banksin lending to Black Economic Empowerment (BEE … large market, but the quality of management (little training and skills)was deemed not to be a limitation as suitable credit …
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Monetary policy is commonly assumed to impact on commodity demand via relative prices. The bank lending channel (BLC) proposes an additional effect via the quantity of loans. This has found its way into economic textbooks, although it remains empirically controversial. I present various...
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Over seventy years after The Keynesian Revolution and the ascendancy of macroeconomics,a survey of the theoretical landscape shows answers in some areas and questions loomingstill in others. Within the span of the last decade, the elds of economic growth and de-velopment have undergone what...
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proportionally morethan large ones during recessions. However, innovations in credit constraints hitsmall firms harder and help to …
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University of Minnesot Ph.D. dissertation. July 2010. Major: Economics. Advisor: Larry E. Jones and Narayana R. Kocherlakota. 1 computer file (PDF); vi, 99 pages, appendices A-B.
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This dissertation consists of two essays in international macroeconomics. Thefirst essay shows that optimal fiscal and monetary policy is time consistent in astandard small open economy. Further, there exist many maturity structuresof public debt capable of rendering the optimal policy time...
Persistent link: https://www.econbiz.de/10009475504
This dissertation is the collection of three essays aimed to evaluate the empirical performance of dynamic stochastic general equilibrium (DSGE) models in explaining the behavior of macroeconomic dynamics in emerging countries. Chapter 1, which is joint work with M. Uribe and R. Pancrazzi,...
Persistent link: https://www.econbiz.de/10009475513