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Money talks
Hoerova, Marie; Monnet, Cyril; Temzelides, Ted - 2009
We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …
Persistent link: https://www.econbiz.de/10011605137
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Money talks
Hoerova, Marie; Monnet, Cyril; Temzelides, Ted - 2009
We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …
Persistent link: https://www.econbiz.de/10003963765
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Money Talks
Hoerova, Marie - 2019
The authors study credible information transmission by a benevolent short-lived central bank. They consider two … possibilities: direct revelation through an announcement, versus indirect information transmission through monetary policy. These … two ways of transmitting information have very different consequences. Since the objectives of the central bank and those …
Persistent link: https://www.econbiz.de/10012906203
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A New Approach for the General Equilibrium Analysis. Increase of the Production and Employment with Monetary and Fiscal Boosts
Nomidis, Dimitrios - 2014
information is perfect and expectations are rational. Furthermore, this temporary increase in production would occur, even if the …
Persistent link: https://www.econbiz.de/10013053400
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Money Talks
Hoerova, Marie - 2015
We study credible information transmission by a benevolent short-lived central bank. We consider two possibilities … information in some cases. Private investors then might rationally ignore announcements by the central bank. In contrast …, information transmission through changes in the interest rate creates a distortion, thus lending an amount of credibility. This …
Persistent link: https://www.econbiz.de/10013036955
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Japan's liquidity trap
Akram, Tanweer - 2016
Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This paper examines Japan’s liquidity trap in light of the structure and performance of the country’s economy since the onset of stagnation. It also analyzes the country’s...
Persistent link: https://www.econbiz.de/10011453035
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2020 US neutral rate assessment
Bootsma, James; Carter, Thomas J.; Chen, Xin Scott; … - 2020
This paper presents Bank of Canada staff's current assessment of the US neutral rate, along with a newly developed set of models on which that assessment is based. The overall assessment is that the US neutral rate currently lies in a range of 1.75 to 2.75 percent. This represents a decline of...
Persistent link: https://www.econbiz.de/10012619163
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Interest rates and inflation: What are the links?
Sawyer, Malcolm - In: Intervention. European Journal of Economics and … 06 (2009) 1, pp. 81-96
The purpose is to examine some of the links in the chain which is said to run from the rate of interest to the rate of inflation. It is argued that that there is a tendency to slip from arguments which that the rate of interest is related to the price level to suggesting that the rate of...
Persistent link: https://www.econbiz.de/10014363059
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Convention, interest rates and monetary policy: a post-Keynesian–French-conventions-school approach
de Melo Modenesi, André; Modenesi, Rui Lyrio; Oreiro, … - In: European Journal of Economics and Economic Policies: … 10 (2013) 1, pp. 76-92
This article aims at analysing the relationship between conventions and monetary policy using both the post-Keynesian and the French-conventions-school approaches, treated as complementary; and stressing the design of monetary policy frameworks (for example, inflation targeting) and the setting...
Persistent link: https://www.econbiz.de/10014363164
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Japan's liquidity trap
Akram, Tanweer - 2016
Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This paper examines Japan's liquidity trap in light of the structure and performance of the country's economy since the onset of stagnation. It also analyzes the country's liquidity...
Persistent link: https://www.econbiz.de/10011784652