Narrow search
Showing 179,421 - 179,430 of 180,139
Cover Image
Does Government Spending Crowd in Private Consumption? : Theory and Empirical Evidence for the Euro Area
Coenen, Günter - 2005
In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general...
Persistent link: https://www.econbiz.de/10014401503
Cover Image
Monetary Policy in the Aftermath of Currency Crisis : The Case of Asia
Baig, Taimur - 1998
rates. The usual trade-off between inflation and output when raising interest rates suggested the need for a softer monetary …
Persistent link: https://www.econbiz.de/10014401509
Cover Image
Constraintson the Design and Implementation of Monetary Policy in Oil Economies : The Case of Venezuela
International Monetary Fund - 2008
inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic …
Persistent link: https://www.econbiz.de/10014401522
Cover Image
The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy : The Case of Sao tome and Principe
Wang, Jian-Ye - 2008
This paper assesses São Tomé and Príncipe''s monetary and exchange rate arrangements in light of the country''s monetary history and the relevant experience of comparable countries in Africa. The study highlights several structural characteristics of São Tomé and Príncipe including its...
Persistent link: https://www.econbiz.de/10014401524
Cover Image
Issues in Central Bank Finance and Independence
Lönnberg, Åke - 2008
chooses money (or an interest rate), unconstrained by a need to generate seignorage for itself or government. While a long …
Persistent link: https://www.econbiz.de/10014401527
Cover Image
Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies
Bléjer, Mario I. - 2000
A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has … already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation … where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What …
Persistent link: https://www.econbiz.de/10014401539
Cover Image
Zimbabwe : Challenges and Policy Options after Hyperinflation
International Monetary Fund - 2010
This paper examines the challenges and policy options after hyperinflation in Zimbabwe. The paper reviews the pros and cons of alternative monetary regimes for Zimbabwe to succeed the current multicurrency system, which the authorities consider a temporary arrangement. The analysis suggests that...
Persistent link: https://www.econbiz.de/10014401597
Cover Image
Central Bank Financial Strength, Transparency, and Policy Credibility
Stella, Peter - 2002
A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be designed so that significant changes in central bank financial strength do not occur...
Persistent link: https://www.econbiz.de/10014401621
Cover Image
Central Bank Collateral Frameworks : Principles and Policies
McCaughrin, Rebecca - 2008
Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking collateral, and recent practices in different collateral frameworks. It then considers the risks of adverse selection. The paper...
Persistent link: https://www.econbiz.de/10014401630
Cover Image
Imperfect Central Bank Communication : Information Versus Distraction
Orphanides, Athanasios - 2008
Much of the information communicated by central banks is noisy or imperfect. This paper considers the potential benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the value of communicating imperfect information is ambiguous....
Persistent link: https://www.econbiz.de/10014401641