搜索结果: 136-150 共查到“货币理论”相关记录576条 . 查询时间(4.39 秒)
Interpreting the Blair Government's Policy-making on European Monetary Union: An Examination of Public Policy Theories
Blair government EMU/euro policy five economic tests public policy-making
2011/8/21
This paper is an investigation of policy-making by the Blair government on the issue of the UK's European Monetary Union (EMU)/Eurozone membership. The Blair government inherited a 'wait and see' poli...
DEBT AND SYSTEMIC RISK: THE CONTRIBUTION OF FISCAL AND MONETARY POLICY
fiscal and monetary policy inherent risk real estate market
2011/8/21
This article discusses the contribution of fiscal and monetary policy to the accumulation of excessive debt and its inherent risk. According to economists Carmen Reinhart and Ken Rogoff, excessive deb...
Monetary and Exchange Rate Policy under Remittance Fluctuations
exchange rate regimes remittances small open economy
2011/8/21
Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include ...
Monetary Policy with Interest on Reserves
paying interest monetary policy stylized model central bank's provision
2011/8/21
The article examines the impact of paying interest in bank reserves on monetary policy. It was found that the move does not change the implications of monetary policy for price level determinacy as de...
Monetary Policy in a Low Inflation Economy with Learning
monetary policies inflation rate nominal interest rates inflation target
2011/8/21
In theory, monetary policies that target the price level, as opposed to the inflation rate, should be highly effective at stabilizing the economy and avoiding deflation in the presence of the zero low...
Has U.S. Monetary Policy Changed? Evidence from Drifting Coefficients and Real-Time Data
forward-looking Taylor rule Greenbook Parameter instability time-varying parameter model
2011/8/21
Despite the large amount of empirical research on monetary policy rules, there is surprisingly little consensus on the nature or even the existence of changes in the conduct of U.S. monetary policy. T...
What Explains the Stock Market's Reaction to Federal Reserve Policy?
monetary policy equity prices stock market economic sources
2011/8/21
This paper analyzes the impact of changes in monetary policy on equity prices, with the objectives of both measuring the average reaction of the stock market and understanding the economic sources of ...
Monetary policy and multiple equilibria with constrained investment and externalities
Determinacy Interest rate rules Investment Monetary policy
2011/8/21
This paper focuses on two mechanisms under which interest-rate feed-back rules induce local indeterminacy in a closed economy with capital accumulation: arbitrage activity and the pricing channel. It ...
Oil Prices, Monetary Policy, and Counterfactual Experiments
interest rates Monetary policy oil prices
2011/8/21
Recessions are associated with both rising oil prices and increases in the federal funds rate. Are recessions caused by the spikes in oil prices or by the sharp tightening of monetary policy? This pap...
Are Structural VARs with Long-Run Restrictions Useful for Developing Monetary Policy Strategy in Egypt?
bank lending channel contemporaneous restrictions Egyptian economy interest rate channel long run restrictions
2011/8/21
On the basis of SVAR models of monetary policy in Egypt for the period December 1976–May 2006, our paper explores a new empirical assessment for the interest rate channel in correcting trouble in the ...
China's Monetary Policy and Its Transmission Mechanisms Before and After the Financial Tsunami
volatility empirical evidence China Monetary Policy
2011/8/21
Since 2000 the Chinese economy has consistently maintained its rapid growth momentum. It has recently also experienced a high degree of volatility that is mainly due to overheating and shock absorbed ...
Did capital market convergence lower the effectiveness of monetary policy?
ANTI-inflationary policies MONETARY policy CAPITAL market
2011/8/21
International capital market convergence reduces the ability for monetary authorities to set domestic monetary conditions. Traditionally, monetary policy transmission is channelled through the short-t...
Interest on Reserves and the Flexibility of Monetary Policy in the Euro Area
Eurosystem interbank market Monetary policy instruments required reserves
2011/8/21
This paper shows that remunerating required reserves can increase the flexibility of monetary policy. The remuneration at the current policy rate implies constant net marginal interest costs of holdin...
An Alternative View of Finance, Saving, Deficits, and Liquidity
Chartalism deficits finance financial crisis Keynesian theory liquidity
2011/8/21
This article contrasts the orthodox approach with an alternative view on finance, saving, deficits, and liquidity, with the goal of shedding light on the current global financial crisis. It first brie...
Monetary Policy under a Corridor Operating Framework
Monetary Policy corridor system works independent monetary policy tool
2011/8/21
The article explores how a corridor system works in theory and practice to achieve the U.S. Federal Reserve's target for the federal funds rate while allowing the balance sheet as an independent monet...