Central Bank Talk: Does It Matter and Why? Introduction
... that we undertook the research for this paper. Of course, the potential benefits of central bank “talk” will only be realized if private agents pay attention to what the central bank has to say. It is not obvious, a priori, in what ways statements by the central bank have a role in shaping the expec ...
... that we undertook the research for this paper. Of course, the potential benefits of central bank “talk” will only be realized if private agents pay attention to what the central bank has to say. It is not obvious, a priori, in what ways statements by the central bank have a role in shaping the expec ...
Interest Sensitivity and Volatility Reductions: Cross‐Section Evidence No. 05‐4
... the relative variance reduction from the pre-1984 period to the post-1983 period is virtually identical for the two output measures. See also our discussion of the important differences between NIPA data and M&T data. ...
... the relative variance reduction from the pre-1984 period to the post-1983 period is virtually identical for the two output measures. See also our discussion of the important differences between NIPA data and M&T data. ...
How Do Monetary and Fiscal Policy Shocks Explain US
... Second, for governments striving to maintain the budget and public debt at a stable level, changes in public spending or taxes may then be of an anticipatory nature. The existing empirical literature typically focuses either on monetary or …scal policy and not the combination. For example, Romer and ...
... Second, for governments striving to maintain the budget and public debt at a stable level, changes in public spending or taxes may then be of an anticipatory nature. The existing empirical literature typically focuses either on monetary or …scal policy and not the combination. For example, Romer and ...
UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION II SEMESTER BA ECONOMICS
... avoidance of labour, rather than in a disjointed or erratic way, but since he does not have a theory of consumption, he develops no explicit theory of rational economic choice. Such theories were developed only in the wake of the so-called neoclassical revolution, which linked choice (and price) of ...
... avoidance of labour, rather than in a disjointed or erratic way, but since he does not have a theory of consumption, he develops no explicit theory of rational economic choice. Such theories were developed only in the wake of the so-called neoclassical revolution, which linked choice (and price) of ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: American Economic Policy in the 1980s
... fore, can conveniently be divided into major episodes corresponding to the main thrust of the Federal Reserve’s policy. However, within each major episode, decisions are continually made to adjust (or not to adjust) the degree of tightness or ease of monetary policy. The analysis of monetary policy ...
... fore, can conveniently be divided into major episodes corresponding to the main thrust of the Federal Reserve’s policy. However, within each major episode, decisions are continually made to adjust (or not to adjust) the degree of tightness or ease of monetary policy. The analysis of monetary policy ...
University of Lethbridge — Department of Economics
... expected to increase by 50 percent, what is the rational expectation of the price level? A) 120 B) 130 C) 150 D) 100 E) We cannot tell without more information on wage negotiations. Topic: Inflation Cycles ...
... expected to increase by 50 percent, what is the rational expectation of the price level? A) 120 B) 130 C) 150 D) 100 E) We cannot tell without more information on wage negotiations. Topic: Inflation Cycles ...
Volume 69 No. 4, December 2006 Contents
... Note that Statistics New Zealand reduced the number of disaggregate CPI series that are made available to the public from more than 250 to 105 with the release of the 2006 regimen in September. While the analysis of the dynamic factor model of core inflation presented in Gianonne and Matheson (2006) ...
... Note that Statistics New Zealand reduced the number of disaggregate CPI series that are made available to the public from more than 250 to 105 with the release of the 2006 regimen in September. While the analysis of the dynamic factor model of core inflation presented in Gianonne and Matheson (2006) ...
Volume 68 No. 1, March 2005 Contents
... power than a routine one. Under this section of the Act, the ...
... power than a routine one. Under this section of the Act, the ...
NBER WORKING PAPER SERIES OPTIMAL SIMPLE AND IMPLEMENTABLE MONETARY Stephanie Schmitt-Grohé
... of view, neither of these two assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are ...
... of view, neither of these two assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are ...
R e s e r v e B... Vo l u m e 6 5 ... C o n t e n t s
... visible function of most central banks. But central banks have more strings to their bow than monetary policy. This is certainly true for the Reserve Bank of New Zealand. In addition to having responsibility for monetary policy, we also have major responsibilities in a range of other areas, includin ...
... visible function of most central banks. But central banks have more strings to their bow than monetary policy. This is certainly true for the Reserve Bank of New Zealand. In addition to having responsibility for monetary policy, we also have major responsibilities in a range of other areas, includin ...
The Aggregate-Supply - Churchill High School
... The long run is a misleading guide to current affairs. In the long run, we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us when the storm is long past, the ocean will be flat. AGGREGATE DEMAND AND AGGREGATE SUPPLY ...
... The long run is a misleading guide to current affairs. In the long run, we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us when the storm is long past, the ocean will be flat. AGGREGATE DEMAND AND AGGREGATE SUPPLY ...
** Complementary Credit Networks and Macro-Economic Stability * * uses data from a Swiss barter network to argue that large scale internet barter helps to stabilize the business cycle. My paper was recently invited for a 2nd presentation to the Central Bank of Brazil, and is in the
... WIR credit automatically and immediately becomes a franc of WIR payment medium.” 4 Since every WIR-credit is matched by an equal and opposite debit, the system as a whole must net to zero. Individual traders will have either positive or negative balances (“overdrafts”), the latter, in effect, a loan ...
... WIR credit automatically and immediately becomes a franc of WIR payment medium.” 4 Since every WIR-credit is matched by an equal and opposite debit, the system as a whole must net to zero. Individual traders will have either positive or negative balances (“overdrafts”), the latter, in effect, a loan ...
