Monetary policyAsset pricesDSGE modelingIn the aftermath of the financial crisis, it has been argued that a guideline for the design of the future policy framework should be to take the 'a' out of 'asymmetry' in the way monetary policy deals with asset price movements. Recent empirical ...
This paper deals with active monetary policy and interest-rate smoothing regimes. In active monetary policy, changes in short-term interest rates are due to the exogenous actions of the central bank. Such a policy is successful only when economic agents in the money market are policy invariant ...
Define monetary policy and monetary theory. What is the difference between monetary policy and fiscal policy?Monetary Economics:Monetary economics deals with the theory of money in the country. It determines the functions of the money in the country. The activities...
The article deals with the interaction between monetary policy and financial stability. The discussion is focused on the impact of the world financial crisis on monetary policy orientation. The question is raised whether the established consensus on the goals and instruments of monetary policy still ho...
Monetary policy stabilisation, changes in the banking system and interest rate pass-through: the Czech Republic 1999-2006natural monopolyeconomic historypolitical economycost function subadditivitycontestable marketmonopoly powereconomies of scaleThis article deals with the relationship between market and client...
The authors argue that there is a strong relationship between the government budget deficit and monetary policy, and that the monetary authorities are too dependent on government. The book contributes in a novel way not only to the monetary debate, but also to fiscal and institutional questions. ...
The Complexities of Monetary Policy. 来自 EBSCO 喜欢 0 阅读量: 12 作者:Santomero,Anthony,M.摘要: Presents the text of a speech delivered by Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, on March 26, 2001, which deals with the monetary policy of the United ...
This article deals with Italy's policy towards European monetary integration over the period 1978-99 addressing the questions of whether, how and which 'ideas' influenced Italian policy-makers' choices. This theoretically informed and empirically grounded analysis argues that cognitive and normative ...
The study deals with the international transmission of economic shocks, their consequences for exchange rates and the reconciliation of exchange rate management with monetary policy. The theoretical part of the study consists of a mainstream model of two large, interdependent economies with special emphas...
Fiscal policy is policy enacted by the legislative branch of government. It deals with tax policy and government spending. Monetary policy is enacted by a government's central bank. It deals with changes in the money supply of a nation by adjusting interest rates, reserve requirements, and open...