The ECB`s securities markets programme
... Of particular relevance here is the analytical distinction between disturbance and malfunctioning. The author defines the two concepts as follows: Disturbance and malfunction differ in that a disturbance means that the monetary policy impulse is not transmitted through the different channels to the ...
... Of particular relevance here is the analytical distinction between disturbance and malfunctioning. The author defines the two concepts as follows: Disturbance and malfunction differ in that a disturbance means that the monetary policy impulse is not transmitted through the different channels to the ...
Liquidity and Reserve Management: Strategies and Policies
... for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepare for a liquidity surplus, deciding when and where to profitably invest surplus liquid fu ...
... for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepare for a liquidity surplus, deciding when and where to profitably invest surplus liquid fu ...
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... backward-looking. We have also assumed that there is excess capacity in the economy and that the asset markets are imperfect. Central to our macroeconomic model are important nominal rigidities in describing the Philippine macroeconomy. In addition, there are lags in the transmission mechanism. In t ...
... backward-looking. We have also assumed that there is excess capacity in the economy and that the asset markets are imperfect. Central to our macroeconomic model are important nominal rigidities in describing the Philippine macroeconomy. In addition, there are lags in the transmission mechanism. In t ...
the paper - Brookings Institution
... role for re-election-seeking lawmakers to oversee macroeconomic policy and to hold central bankers accountable for their policy choices. In short, lawmakers face a tradeoff between central bank independence and democratic accountability. Contrary to theory, lawmakers seldom sacrifice short-term inte ...
... role for re-election-seeking lawmakers to oversee macroeconomic policy and to hold central bankers accountable for their policy choices. In short, lawmakers face a tradeoff between central bank independence and democratic accountability. Contrary to theory, lawmakers seldom sacrifice short-term inte ...
INFLATION IN VIETNAM
... most prominent success of this innovation was the success of combined various supply-side policies somewhat helped ease the excess demand strain and eventually the inflation rate suddenly dropped to 37.7% in 1989. This can be considered as the initial success of the innovation program, triggering a ...
... most prominent success of this innovation was the success of combined various supply-side policies somewhat helped ease the excess demand strain and eventually the inflation rate suddenly dropped to 37.7% in 1989. This can be considered as the initial success of the innovation program, triggering a ...
Chapter 9
... During the 1970s, the world economy was hit with unfavorable supply shocks that raised prices and lowered output, including spikes in oil prices. • Increases in oil prices shift the aggregate supply curve. However, they also have an adverse effect on aggregate demand. • Because the United States is ...
... During the 1970s, the world economy was hit with unfavorable supply shocks that raised prices and lowered output, including spikes in oil prices. • Increases in oil prices shift the aggregate supply curve. However, they also have an adverse effect on aggregate demand. • Because the United States is ...