Similar Search Results

Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2000

Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...

Persistent link: https://www.econbiz.de/10005124252

Central banking in the iberian peninsula: a comparison

Aceña, Pablo Martin - Instituto Figuerola de Historia y Ciencias Sociales, … - 2007

Portugal and Spain. Portugal and Spain are two countries that share the same peninsular space in the west corner of Europe … two countries (Portugal joined the gold standard while Spain remained off the gold standard). Finally, the Bank of … Portugal and the Bank of Spain exhibit also significant contrasts in their behavior as central banks. …

Persistent link: https://www.econbiz.de/10005417085

The International Transmission of Monetary Policy: Evidence from the United States and Canada.

Furman, J.; Leahy, J.V. - Harvard Institute of Economic Research (HIER), … - 1996

We study the transmission of monetary policy from the United States to Canada under flexible exchange rates. Our results suggest that flexible exchange rates insulate a country from foreign monetary disturbances. We find that the direct effect of a monetary contraction in the U.S. is a small...

Persistent link: https://www.econbiz.de/10005245616

Devaluations and Depreciation Expectations in the E.M.S.

Ayuso, Juan; Jurado, María Pérez - Banco de España - 1995

Persistent link: https://www.econbiz.de/10005590659

Composition optimale des reserves de change dans un contexte de flottement generalise.

Zamiti, M. - Groupement de Recherche en Économie Quantitative … - 1996

A la suite de Lipsschitz et Sundararajan (1980), nous considerons que le panier optimal est celui qui reduit les fluctuations du taux de change effectif reel autour de son niveau d'equilibre. Cependant, contrairement a ces auteurs, nous tenons compte dans la determination du panier optimal, des...

Persistent link: https://www.econbiz.de/10005634332

Politique optimale de fixite par rapport a un panier de devises: le cas de la Tunisie.

Zamiti, M. - Groupement de Recherche en Économie Quantitative … - 1996

The purpose of this study is to compare the performances of three different weighting schemes for a currency basket in terms of relative stability in the tunisian economy. The three alternative policy peg are: (1) a trade-weighted currency basket, (2) the basket suggested by Lipshitz and...

Persistent link: https://www.econbiz.de/10005479072

Devaluations and Depreciation Expectations in the E.M.S.

Ayuso, J.; Jurado, M.P. - 1995

Persistent link: https://www.econbiz.de/10005657295

Forward guidance contracts

Gersbach, Hans; Hahn, Volker; Liu, Yulin - 2015 - This version: May 2015

We examine "Forward Guidance Contracts", which make central bankers' utility contingent on the precision of interest-rate forecasts for some time. Such Forward Guidance Contracts are a exible commitment device and can improve economic performance when the economy is stuck in a liquidity trap....

Persistent link: https://www.econbiz.de/10010528970

El fortalecimiento institucional de los bancos centrales

Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2010

Annotated remarks made at the 50th Anniversary Conference “Fortalecimiento institucional de los bancos centrales y efectividad de la política monetaria”, of the Central Bank of Nicaragua, February 2010. The paper lays out the importance of institutional strenthening (governance) as an...

Persistent link: https://www.econbiz.de/10011258861

Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade

Amato, Jeffery D.; Gerlach, Stefan - Hong Kong Institute for Monetary Research (HKIMR), … - 2001

Starting in the early 1990s, several emerging market and transition economies (EMEs) have adopted inflation targeting (IT). In this paper we discuss a number of issues that arise in this context: (a) the definition of IT, (b) the role of preconditions for IT, (c) the use of intermediate exchange...

Persistent link: https://www.econbiz.de/10005357489