Economic Explorer 2 - Monetary Authority of Singapore
... Besides its direct impact on import prices, there is another, more indirect channel by which the exchange rate can affect domestic inflation. Because of the importance of exports in Singapore, the exchange rate can influence overall demand in the economy, and thus affect the demand for domestic reso ...
... Besides its direct impact on import prices, there is another, more indirect channel by which the exchange rate can affect domestic inflation. Because of the importance of exports in Singapore, the exchange rate can influence overall demand in the economy, and thus affect the demand for domestic reso ...
Binding the Hands of Government – a credible fiscal rule for the UK
... facing higher interest rates – and will do so for several years after, as it tries to regain credibility for price stability. However, running deficits can still lead to accidental increases in inflation, if not countered by the central bank. The deficits of the 1970s arguably over-stimulated the ec ...
... facing higher interest rates – and will do so for several years after, as it tries to regain credibility for price stability. However, running deficits can still lead to accidental increases in inflation, if not countered by the central bank. The deficits of the 1970s arguably over-stimulated the ec ...
This version: August 30, 2000 Forthcoming, Journal of Money, Credit
... -5devaluation in a stochastic setting with incomplete markets produces large price and wealth distortions that can account for a fraction of these empirical regularities. In their model, however, credit markets are perfect and borrowing is limited only by the standard no-Ponzigame restriction. The ...
... -5devaluation in a stochastic setting with incomplete markets produces large price and wealth distortions that can account for a fraction of these empirical regularities. In their model, however, credit markets are perfect and borrowing is limited only by the standard no-Ponzigame restriction. The ...
Estimating the Size of the Hidden Economy in Peru: A Currency
... Formally, the estimation of the size and evolution of the informal sector consists of two steps. The first step involves estimating the demand for currency, both for formal transactions and for motives associated with the cover up of income. The former is calculated by considering the case when taxe ...
... Formally, the estimation of the size and evolution of the informal sector consists of two steps. The first step involves estimating the demand for currency, both for formal transactions and for motives associated with the cover up of income. The former is calculated by considering the case when taxe ...
ch32
... We assume in what follows that changes in the government’s flow of saving are not offset by changes in private saving: changes in the budget deficit lead to changes in national saving ...
... We assume in what follows that changes in the government’s flow of saving are not offset by changes in private saving: changes in the budget deficit lead to changes in national saving ...
Capital Inflows in a Small Open Economy
... Even if the representation of the state of the economy depicted in Figure (1) provides some clarity of the forces and incentives behind the inflows of capitals, and also provides intuition to some possible policy responses available to the policy-maker, the analysis still is incomplete. Therefore le ...
... Even if the representation of the state of the economy depicted in Figure (1) provides some clarity of the forces and incentives behind the inflows of capitals, and also provides intuition to some possible policy responses available to the policy-maker, the analysis still is incomplete. Therefore le ...
NBER WORKING PAPER SERIES LIQUIDITY TRAPS: AN INTEREST-RATE-BASED EXIT STRATEGY Stephanie Schmitt-Grohé
... stuck in a deflationary equilibrium like the one observed in Japan over the past two decades. The issue of whether deflation is harmful or beneficial to the economy is controversial. Some argue that deflation is desirable because it minimizes the opportunity cost of holding money. In turn, this argu ...
... stuck in a deflationary equilibrium like the one observed in Japan over the past two decades. The issue of whether deflation is harmful or beneficial to the economy is controversial. Some argue that deflation is desirable because it minimizes the opportunity cost of holding money. In turn, this argu ...
The LM Curve - Imperial College London
... • Essentially, Monetarists believe that (1) money demand is not very responsive to interest rates. Graphically, this means that the money demand curve is very steep. Monetarists also believe however, that (2) investment, in particular, is very responsive to interest rate changes. this makes the IS c ...
... • Essentially, Monetarists believe that (1) money demand is not very responsive to interest rates. Graphically, this means that the money demand curve is very steep. Monetarists also believe however, that (2) investment, in particular, is very responsive to interest rate changes. this makes the IS c ...
Costa Rica: Fiscal policy and payment for environmental
... There are some spill over effects from in-bond industries that may lead to some technology dissemination, and even some innovation, but the general experience here is that if this is not linked to a well designed industrial policy, in-bond industries will not lead to industrialization and technologi ...
... There are some spill over effects from in-bond industries that may lead to some technology dissemination, and even some innovation, but the general experience here is that if this is not linked to a well designed industrial policy, in-bond industries will not lead to industrialization and technologi ...
Monetary Policy Objectives and Framework
... When the Fed lowers the federal funds rate, the quantity of money and the quantity of loans increase. Consumption and investment plans change. Long-Term Real Interest Rate Equilibrium in the market for loanable funds determines the long-term real interest rate, which equals the nominal interest rate ...
... When the Fed lowers the federal funds rate, the quantity of money and the quantity of loans increase. Consumption and investment plans change. Long-Term Real Interest Rate Equilibrium in the market for loanable funds determines the long-term real interest rate, which equals the nominal interest rate ...
Economics 285 Chris Georges Help For Practice
... fall in consumption has no adverse effect, but rather forces an increase in other components of spending (drives up investment spending by driving down interest rates). Notice that in our long run models (Chapters 3,6,8,9) saving is a virtue, whereas in our short run models (Chapters 10,11,12,13) sa ...
... fall in consumption has no adverse effect, but rather forces an increase in other components of spending (drives up investment spending by driving down interest rates). Notice that in our long run models (Chapters 3,6,8,9) saving is a virtue, whereas in our short run models (Chapters 10,11,12,13) sa ...
Foreign Exchange Market Developments in the
... performance of the cedi on foreign exchange markets, and in particular to inform the public‟s demand for the policy responses to developments that are deemed to have potentially adverse consequences for the economy. In turn, such a deeper understanding of market developments would not only influence ...
... performance of the cedi on foreign exchange markets, and in particular to inform the public‟s demand for the policy responses to developments that are deemed to have potentially adverse consequences for the economy. In turn, such a deeper understanding of market developments would not only influence ...
eee06-Weyerstrass2 3772754 en
... discourages people from actively seeking employment. On the other hand, in an upturn, improving labour market conditions encourage more people to enter the labour market. The wage rate is determined by the price level, by the unemployment rate, by labour productivity, and by the tax wedge on labour ...
... discourages people from actively seeking employment. On the other hand, in an upturn, improving labour market conditions encourage more people to enter the labour market. The wage rate is determined by the price level, by the unemployment rate, by labour productivity, and by the tax wedge on labour ...
Monetary/Fiscal Policy Mix and Financial Stability
... some extent, interest rates rose because markets perceived that the associated exchange rate depreciation would loop back into inflation pressures, forcing the Bank to tighten policy eventually. With the benefit of hindsight, it is likely that this market dynamic reflected the fact that domestic in ...
... some extent, interest rates rose because markets perceived that the associated exchange rate depreciation would loop back into inflation pressures, forcing the Bank to tighten policy eventually. With the benefit of hindsight, it is likely that this market dynamic reflected the fact that domestic in ...
Powerpoint Presentation (ppt)
... This is also known as a liquidity trap. Keynes believed in this, thus he promoted fiscal rather than monetary policy. ...
... This is also known as a liquidity trap. Keynes believed in this, thus he promoted fiscal rather than monetary policy. ...
200591203131117
... Factor endowment theory: implications Factor price equalization The shift within each nation towards use of cheaper factors, and away from expensive ones, leads to more equal factor prices (if factors are mobile) ...
... Factor endowment theory: implications Factor price equalization The shift within each nation towards use of cheaper factors, and away from expensive ones, leads to more equal factor prices (if factors are mobile) ...
Powerpoint Presentation
... This is also known as a liquidity trap. Keynes believed in this, thus he promoted fiscal rather than monetary policy. ...
... This is also known as a liquidity trap. Keynes believed in this, thus he promoted fiscal rather than monetary policy. ...
Bangladesh :Transforming Public Enterprises
... the PSEs in Bangladesh. Performance is monitored by the holding corporation. The budget is controlled by the Ministry of Finance. Appointment of CEO and Directors of Holding Corporation is controlled by Ministry of Human Resources. Appointment of CEO and top management of enterprise is ...
... the PSEs in Bangladesh. Performance is monitored by the holding corporation. The budget is controlled by the Ministry of Finance. Appointment of CEO and Directors of Holding Corporation is controlled by Ministry of Human Resources. Appointment of CEO and top management of enterprise is ...
Government of Jamaica
... 2) If Fixed Rate Bond (“FR”) look at the maturity of your bond, example ...
... 2) If Fixed Rate Bond (“FR”) look at the maturity of your bond, example ...
article - Federal Reserve Bank of Richmond
... surplus largely independent of the state of government debt aspects of the model we should continue to trust? I don’t and the state of inflation — maybe it’s trying to do counterthink that kind of analysis has been done very much. Some cyclical policy or fight a war. The price level will end up gety ...
... surplus largely independent of the state of government debt aspects of the model we should continue to trust? I don’t and the state of inflation — maybe it’s trying to do counterthink that kind of analysis has been done very much. Some cyclical policy or fight a war. The price level will end up gety ...
FREE Sample Here
... Skill: Interpretive 33) A necessary but not sufficient condition for the continuation of inflation is A) an expanding money supply. B) increasing government deficits. C) rising interest rates. D) decreasing velocity. Answer: A Diff: 2 Skill: Interpretive 34) If a country is experiencing hyperinflati ...
... Skill: Interpretive 33) A necessary but not sufficient condition for the continuation of inflation is A) an expanding money supply. B) increasing government deficits. C) rising interest rates. D) decreasing velocity. Answer: A Diff: 2 Skill: Interpretive 34) If a country is experiencing hyperinflati ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... of many LDCs, one characterized by the absence of markets for primary securities (such as government bonds and equity), but flourishing curb markets. Bank credit and loans taken out on the curb market are used to finance firms’ working capital, not consumer expenditure. This model provides a direct ...
... of many LDCs, one characterized by the absence of markets for primary securities (such as government bonds and equity), but flourishing curb markets. Bank credit and loans taken out on the curb market are used to finance firms’ working capital, not consumer expenditure. This model provides a direct ...
Time Consistency and the Duration of Government Debt
... The signalling channel of quantitative easing (QE) The paper o¤ers a useful theoretical framework for thinking about monetary policy and government debt management It is conceptually well-understood that, QE works by shortening the maturity of the public debt held by private investors, as a policy l ...
... The signalling channel of quantitative easing (QE) The paper o¤ers a useful theoretical framework for thinking about monetary policy and government debt management It is conceptually well-understood that, QE works by shortening the maturity of the public debt held by private investors, as a policy l ...
the impact of global financial integration on
... started its operation in October 1997 with the principal objective of clearing and settling transactions in the over-the-counter market . Banking Reforms. The Bank of Mauritius, being the country’s Central Bank, introduced repurchase transactions (Repos) with effect from 15th December 1999. This mea ...
... started its operation in October 1997 with the principal objective of clearing and settling transactions in the over-the-counter market . Banking Reforms. The Bank of Mauritius, being the country’s Central Bank, introduced repurchase transactions (Repos) with effect from 15th December 1999. This mea ...