Showing 1 - 10 of 1,001,954
Persistent link: https://www.econbiz.de/10003634572
The monetary standard emerges out of the interaction of monetary policy with the structure of the economy. Characterization of the monetary standard thus requires specification of a model of the economy with a central bank reaction function. Such a specification raises all the fundamental issues...
Persistent link: https://www.econbiz.de/10011474467
Persistent link: https://www.econbiz.de/10011512949
In a standard New Keynesian model, a myopic central bank concerned with stabilizing inflation and changes in the output gap will implement a policy under discretion that replicates the optimal, timeless perspective, precommitment policy. By stabilizing output gap changes, the central bank...
Persistent link: https://www.econbiz.de/10011408406
This paper demonstrates how a target for money growth can be beneficial for an inflation targeting central bank acting under discretion. Because the growth rate of money is closely related to the change in the interest rate and he growth of real output, delegating a money growth target to the...
Persistent link: https://www.econbiz.de/10011583901
Monetary policy is often analysed in terms of simple rules. Such rules may be useful for many purposes, even when they do not describe the actual monetary policy strategy exactly. This paper compares monetary policy in Sweden during the inflation-targeting regime 19932002 with the policies...
Persistent link: https://www.econbiz.de/10011583820
Persistent link: https://www.econbiz.de/10001638566
Persistent link: https://www.econbiz.de/10011582301
Persistent link: https://www.econbiz.de/10000695138
Persistent link: https://www.econbiz.de/10003728295