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Monetary Policy Shocks in a Small Open Economy: Assessing the 'Puzzles' of Monetary Policy by SVAR

Ajluni, Jarir - Volkswirtschaftliche Fakultät, … - 2005

The paper examines the effects of monetary policy shocks and its puzzles on a small open economy using quarterly Korean data by applying a theoretically motivated Structural VAR, with the objective of introducing empirical evidence that investigates the magnitude and persistence of monetary...

Persistent link: https://www.econbiz.de/10008595612

Conference summary

Fuhrer, Jeffrey C.; Sniderman, Mark S. - In: Conference Series ; [Proceedings] (2000)

The conference papers and panel discussion explored a number of issues bearing on monetary policy design and operation in an environment of very low nominal interest rates.

Persistent link: https://www.econbiz.de/10008595642

How can monetary policy be improved?

Samuelson, Paul A. - In: Conference Series ; [Proceedings] 38 (1994), pp. 229-231

Persistent link: https://www.econbiz.de/10008595643

Die Internationalisierung des chinesischen Renminbi: eine Chance für China

Stier, Olaf; Bernoth, Kerstin; Fisher, Alexander - In: DIW Wochenbericht 77 (2010) 20, pp. 10-15

Geldpolitik und ein freier Devisenhandel sind zwei der Eckpfeiler eines modernen Finanzwesens. Die Liberalisierung der …

Persistent link: https://www.econbiz.de/10008595846

Exchange rate stabilization under imperfect credibility

Calvo, Guillermo; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1991

This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption....

Persistent link: https://www.econbiz.de/10008596363

Currency Substitution in Developing Countries: An Introduction

Calvo, Guillermo; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1992

This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how the presence of currency substitution affects the choice of nominal anchors in...

Persistent link: https://www.econbiz.de/10008596402

Policy Shocks in a Monetary Asset-Pricing Model with Endogenous Production

Schittko, Ulrich K.; Müller, Markus - In: Journal of Economics and Statistics (Jahrbuecher fuer … 218 (1999) 1+2, pp. 147-167

In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange process...

Persistent link: https://www.econbiz.de/10008596435

Zur Rolle der Geldpolitik im Konjunkturzyklus: Eine empirische Analyse im Hinblick auf die Europaische Wahrungsunion.

Holstein, Michael - In: Journal of Economics and Statistics (Jahrbuecher fuer … 218 (1999) 3+4, pp. 346-360

geldpolitischen Fragen an die Europäische Zentralbank ab. Die Geldpolitik scheidet somit als Instrument der nationalen … kann die Vereinheitlichung der Geldpolitik zu negativen Auswirkungen auf die konjunkturelle Entwicklung der Mitgliedsländer … Konjunkturzusammenhang zwischen den vier europäischen G7-Ländern ist. Anschlißend wird der Einfluß der Geldpolitik auf die Entwicklung der …

Persistent link: https://www.econbiz.de/10008596463

Monetary and Fiscal Policy Analysis With an Agent-Based Macroeconomic Model

Haber, Gottfried - In: Journal of Economics and Statistics (Jahrbuecher fuer … 228 (2008) 2+3, pp. 276-295

Macroeconomic policy analysis is a challenge for agent-based models because these types of model are generally much elaborated on the specific market levels for partial (micro) markets, but have been of limited use for macroeconomic policy issues due to calibration and “model closure”...

Persistent link: https://www.econbiz.de/10008596526

The VARying Effect of Foreign Shocks in Central and Eastern Europe

Jiménez-Rodriguez, Rebeca; Morales-Zumaquero, Amalia; … - CESifo - 2010

This paper investigates the impact of international shocks – interest rate, commodity price and industrial production shocks – on key macroeconomic variables in ten Central and Eastern European (CEE) countries by using near-VAR models and monthly data from the early 1990s to 2009. In...

Persistent link: https://www.econbiz.de/10008596588