While the question of various types of instability concerns all aspects of the monetary-policy problem, there is one special case which has, since the monetarists first raised the issue, dominated the discussion. This is the question of which target (an interest rate or a measure of the ...
The institutional framework for monetary policy – an independent central bank held to account for its pursuit of an explicit inflation target – is in place. For the first time in its twenty-five year history, that framework is being put to the test in an inflationary global environment. We ...
Economic InquiryT. Mayer (1971) "The Lag in the Effect of Monetary Policy: Some Criticisms" Western Economic Journal.Mayer, T. (1967) The lag in the effect of monetary policy: some criticisms, Western Economic Journal, 5, 324-42.
摘要: I. Introduction, 288.--II. Monetary changes, interest rates, and national income, 288.--III. Lag in effect of monetary policy, 291.--IV. Measurement of effects of monetary policy changes, 292.DOI: 10.2307/1883015 被引量: 34 年份: 1970 ...
A powerful expansion of exports at a time when imports rise less strongly will lead to a payment surplus on international account and thus increase proportionately the quantity of highpowered money. cf. Milton Friedman, The Lag in Effect of Monetary Policy, in: Journal of Political Economy, Vol...
developments, underlying inflation dynamics and the strength of monetary policy transmission, also given the possible risks for the medium term outlook stemming from both the real economy and the financial sector. This way we can ensure that we calibrate our measures in the light of the incoming ...
2) Time Lag of Effect of Monetary Policy 货币政策效应时滞 例句>> 3) Policy Lag 政策的滞后效应 4) policy hysteresis 政策时滞 例句>> 5) lag effect 时滞效应 1. This article uses the international general model to examine the immediate and lag effects of foreign direct investment on ...
中国大学MOOC: The principal lag for monetary policyis the time it takes for policy to change spending. The principal lag for fiscal policy is the time it takes to implement it.相关知识点: 试题来源: 解析 is the time it takes for policy to change spending. The principal lag for fiscal ...
What we do in the realm of monetary policy, is, of course, aimed at having an effect on the real economy and then onto inflation. We know that this transmission always comes with a lag, whether monetary policy is easing or tightening. But in the spirit of Robert Schuman, we do aim fo...
copper in laterites and sulphite deposits, are analysed in relation to the price of oil, the US real interest rate and the real effective exchange rate of dollar using an autoregressive distributed lag model, to draw considerations on the profitability in the exploitation of polymetallic manganese....