Similar Search Results

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

Persistent link: https://www.econbiz.de/10013155688

Taylor Rule : The Information Content From FOMC Transcripts

Ostapenko, Nataliia - 2020

Do Federal Open Market Committee (FOMC) discussions contain additional information for Taylor rule estimation? While researchers usually estimate a Taylor rule with official forecasts of the output gap and inflation, this paper sheds light on the importance of additional information contained in...

Persistent link: https://www.econbiz.de/10012834525

A Post Keynesian Review of Modern Monetary Theory

Túñez Area, Narciso - 2020

Modern Monetary Theory has lately received much attention but also a fair amount of criticisms. The intention of this paper is to review the main arguments in contention to assess the validity of the arguments put forward and the limitations of its policies. Modern Monetary Theory questions...

Persistent link: https://www.econbiz.de/10012837299

Identification of Monetary Policy Shocks from FOMC Transcripts

Ostapenko, Nataliia - 2020

I propose a new approach to identify exogenous monetary policy shocks that requires no priors on the underlying macroeconomic structure, nor any observation of monetary policy actions. My approach entails directly estimating the unexpected changes in the federal funds rate as those which cannot...

Persistent link: https://www.econbiz.de/10012842847

The Macroeconomic and Social Investment Outlook for Children in Eastern and Southern Africa

Cummins, Matthew - 2020

Child well-being is inextricably linked to the performance of the macroeconomy. Although not always explicit, there are very clear and powerful channels that need to be understood, monitored and linked to decision-making processes, including economic growth, labour markets, price levels and the...

Persistent link: https://www.econbiz.de/10012843416

Monetarism with Chinese Characteristics

Institute, Cato - 2017

theory of money, is evident and remains important in a world of pure fiat monies. Most major central banks have abandoned … exception. Since 1998, the People's Bank of China (PBC) has used money growth targets to help guide monetary policy aimed at … M1 money multiplier is robust in China, it has collapsed in the United States since the use of unconventional monetary …

Persistent link: https://www.econbiz.de/10012955089

Will Robots Automate Your Job Away? Full Employment, Basic Income, and Economic Democracy

McGaughey, Ewan - 2019

Will the internet, robotics and artificial intelligence mean a ‘jobless future'? A recent narrative, endorsed by prominent tech-billionaires, says we face mass unemployment, and we need a basic income. In contrast, this article shows why the law can achieve full employment with fair incomes,...

Persistent link: https://www.econbiz.de/10012900970

Will Robots Automate Your Job Away? Full Employment, Basic Income, and Economic Democracy

McGaughey, Ewan - 2019

Persistent link: https://www.econbiz.de/10012900051

Selfcoin - The Danger of an Unethical Human Price-Rating System

Dalton, Martino - 2017

The social media era generated a global movement towards new ways of acting in the society for human beings. We both can decide what to publish about us on the internet and share it with others. On the other side, there are million of data we leave on the internet we didn't want to. The creation...

Persistent link: https://www.econbiz.de/10012941305

The Knowledge Problem in Monetary Policy : The Case for Nominal GDP Targeting

Beckworth, David - 2020

Monetary policy is hard. In the best of times, it requires a well-informed understanding of the economy and the ability to respond in a timely manner. In less favorable conditions, monetary policy requires near omniscience and the herculean power to stop economic disasters from unfolding.This...

Persistent link: https://www.econbiz.de/10012822632