–Balances in bank accounts that depositors can access on demand by writing a check. Central bank– Institution that oversees the banking system and regulates the money supply Monetary policy– Setting of the money supply by policymakers in the central bank Federal Reserve (Fed)– The central ban...
The academic literature in theoretical and applied macroeconomics over the past few years has also emphasised policy coordination (see Buiter and Marston, 1985; Bryant and Portes, 1987). This literature stresses the strategic interaction among national governments, between national central banks and ...
macroeconomics (ˌmækrəʊˌiːkəˈnɒmɪks; -ˌɛk-) n (Economics)(functioningassingular)thebranchofeconomicsconcernedwithaggregates,suchasnationalincome,consumption,andinvestment.Comparemicroeconomics ˌmacroˌecoˈnomicadj ...
In The Macroeconomics of Self-Fulfilling Prophecies, Roger Farmer argues that dynamic general equilibrium models represent a useful means for organizing an
11. Keynesianism: The Macroeconomics of Wage and Price Rigidity PART 4: MACROECONOMIC POLICY: ITS ENVIRONMENT AND INSTITUTIONS 12. Unemployment and Inflation 13. Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy 14. Monetary Policy and the Federal Reserve System ...
A Reassessment of Monetary Policy Surprises and High-Frequency Identification Second, estimates of the macroeconomic effects of monetary policy are substantially larger and more significant than what most previous empirical studies have ... M Bauer,ET Swanson - 《Nber Macroeconomics Annual》 被引量: 0...
The system is flawed, and the roots of the problem are to be found in the financial sector. Not surprisingly, an interpretation of Keynes is offered that is based on monetary and financial attributes, where money is viewed as an endogenous variable. A theory of investment is a central ...
中级宏观经济学(英文)11-The Macroeconomic Policy Debate IntermediateMacroeconomics Lecture11 1 TheMacroeconomicPolicyDebate WilliamMcChesneyMartin Thefed.’sjobistotakeawaythepunchbowljustasthepartygetsgoing联储的工作是在宴会进行时拿走盛满酒的酒杯。Theeconomyisinherentlyunstable.2 TheMacroeconomicPolicyDebate...
G Ottaviano - 《European Economics Macroeconomics & Monetary Economics Ejournal》 被引量: 0发表: 2014年 Essays in macroeconomics, international trade and the environment. This dissertation addresses the problem of optimal recapitalization of banking sectors after banking crises and analyzes the effect of...
Maury, in joint work with Ken Rogoff, provided much of the impetus for this synthesis which parallels a similar effort to integrate dynamic and sticky price models in closed-economy macroeconomics. In that sense, NOEM models feature a more robust channel of transmission of monetary policy than th...