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Rebiga, Mihai - In: Studies and Scientific Researches. Economics Edition (2010) 15

The common monetary policy is applyed in all member states of the Economic and Monetary Union (EMU), having a common institutional system, common European currency and system of regulations that helps them coordinate the banking activities in all EMU. The application of this policy has brought...

Persistent link: https://www.econbiz.de/10008470713

Interdependencies Between the Capital Market and the Monetary Policy Decisions

Guni, Claudia - In: Studies and Scientific Researches. Economics Edition (2010) 15

The declared scope of this work is to highlight the main correlations between the monetary and the capital market, including identifying the adequate objective of monetary policy which might positively influence over the offer on the capital market. The main target of the monetary market...

Persistent link: https://www.econbiz.de/10008470725

Consideration on the price stability – financial stability relationship in the context of financial globalization

Apostoaie, Marius Constantin - In: Studies and Scientific Researches. Economics Edition (2010) 15

This study is focused upon the involvement of the central banks regarding the fulfillment of the two main objectives: price stability and financial stability. These two key concepts are part of an old and ongoing debate that the current turmoil has revived, and that is whether monetary policy...

Persistent link: https://www.econbiz.de/10008470762

Monetary Policy in East Asia: The Case of Singapore

McCallum, Bennett T. - In: Monetary and Economic Studies 25 (2007) S1, pp. 13-28

to achieve macroeconomic goals for the economyfs inflation rate and output gap. Estimates of a policy rule of the Taylor …. That this rule reflects policy that is much like inflation targeting is evidenced by the absence of any significant role … for the real exchange rate as a distinct target variable in addition to inflation and the output gap. Simulations with a …

Persistent link: https://www.econbiz.de/10008472586

Monetary Policy in East Asia: Common Concerns

Goodfriend, Marvin - In: Monetary and Economic Studies 25 (2007) S1, pp. 207-232

inflation in China. The paper argues that China can adopt a flexible exchange rate in a few years with modest reforms of its …

Persistent link: https://www.econbiz.de/10008472592

Asset Prices and Monetary Policy

Fukunaga, Ichiro; Saito, Masashi - In: Monetary and Economic Studies 27 (2009) 1, pp. 143-170

economy, central banks face a policy trade-off between stabilizing inflation and the output gap. With this trade-off, central … banks could strike a better balance between both objectives if they took variables other than inflation, such as asset …

Persistent link: https://www.econbiz.de/10008472593

2009 International Conference "Financial System and Monetary Policy Implementation," Keynote Speech, The Role of "Determinacy" in Monetary Policy Analysis

McCallum, Bennett T. - In: Monetary and Economic Studies 27 (2009) 1, pp. 25-34

It is well known that the concept of "determinacy"-a single stable solution-plays a major role in contemporary monetary policy analysis. But while determinacy is desirable, other things equal, it is not necessary for a solution to be plausible and is not sufficient for a solution to be...

Persistent link: https://www.econbiz.de/10008472596

Theoretical Structure of the FAGE Model

Xiao, Jingliang - Centre of Policy Studies and Impact Project (COPS), … - 2010

This paper explains the theoretical framework of the Financial Applied General Equilibrium (FAGE) model as developed in Xiao (2009). FAGE is a MONASH-style dynamic CGE model for China with a detailed financial extension. In section 1, we discuss a stylized version of the financial module....

Persistent link: https://www.econbiz.de/10008472616

FOREIGN EXCHANGE RATE POLICY IMPLICATIONS ON COMPETITIVENESS IN AGRICULTURE

Farkas-Fekete, Maria; Sagi, Judit - In: GAZDÁLKODÁS: Scientific Journal on Agricultural Economics 49 (2005) 12

By this study we follow the discussion initiated by prof. Magda in his article â€œExchange rate policy and the agricultureâ€, also reflecting to Lakner-Podrudzsik â€œDoes the depreciation of the forint mean a medicine or a placebo?â€ We argue that the real effective exchange rate...

Persistent link: https://www.econbiz.de/10008474556

Policy Announcements and Welfare

Stoltenberg, Christian A.; Lepetyuk, Vadym - Narodowy Bank Polski - 2009

self-enforceable arrangements. As an application, we consider a monetary authority that may reveal changes in the inflation …

Persistent link: https://www.econbiz.de/10008474598