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This research paper intends to redefine and extend the concept of 'optimal liquidity' discussed in Han and Lee (2012). For this purpose, we have distinguished between liquidity held by households and liquidity held by firms following Levhari and Patinkin (1968) and Yoo and Pyo (1986). Han and...
Persistent link: https://www.econbiz.de/10012993264
Although economic growth has improved in recent years in Bangladesh, the better economic performance has not translated into satisfactory poverty reduction. The type of growth that matters Bangladesh is the one that creates employment opportunities especially for the poor. In Bangladesh,...
Persistent link: https://www.econbiz.de/10004980016
policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …
Persistent link: https://www.econbiz.de/10012148910
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012818360
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10013270942
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011859175
This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in … relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in … controlling inflation in Pakistan. The present study fills the gap in the literature by analyzing the nexus of monetary policy …
Persistent link: https://www.econbiz.de/10011938320
inflation and unemployment, fiscal balance, zloty real revaluation, capacity restructuring, private sector growth and …
Persistent link: https://www.econbiz.de/10005475020