Epstein, Gerald and Erinc Yeldan: "Inflation Targeting, Employment
... The theme of this special issue and this introductory paper is that there should be a return to the historical norm of central bank policy: in particular, employment creation and more rapid economic growth should join inflation and stabilization more generally as key goals of central bank policy. T ...
... The theme of this special issue and this introductory paper is that there should be a return to the historical norm of central bank policy: in particular, employment creation and more rapid economic growth should join inflation and stabilization more generally as key goals of central bank policy. T ...
Advances in Environmental Biology
... Thomas in a research titled trade openness and inflation using panel data method in the Caribbean from the period 1980 to 2009 using panel data examined the effects of openness of economy (trade openness)on inflation. The results showed that open trade has positive and significant effect on inflatio ...
... Thomas in a research titled trade openness and inflation using panel data method in the Caribbean from the period 1980 to 2009 using panel data examined the effects of openness of economy (trade openness)on inflation. The results showed that open trade has positive and significant effect on inflatio ...
chapter 8. the natural rate of unemployment and the phillips curve
... presented in Chapter 13. Note that the interpretations of the changes in the natural rate tend to come after the fact. Such changes are difficult to predict. Third, the relationship between inflation and unemployment may depend on the degree of inflation. For example, if workers will accept real wag ...
... presented in Chapter 13. Note that the interpretations of the changes in the natural rate tend to come after the fact. Such changes are difficult to predict. Third, the relationship between inflation and unemployment may depend on the degree of inflation. For example, if workers will accept real wag ...
“Debating an appropriate macroeconomic policy for South Africa`s
... the end of 2001 when the Rand sharply depreciated in the context of the SARB’s public commitment to run down its net open forward position which had the effect of creating a ‘one way bet’ for speculators as they knew that there would be no intervention s the forward position was run down. This was o ...
... the end of 2001 when the Rand sharply depreciated in the context of the SARB’s public commitment to run down its net open forward position which had the effect of creating a ‘one way bet’ for speculators as they knew that there would be no intervention s the forward position was run down. This was o ...
Riksbank will most likely revise its repo rate - Nordea e
... the date of this document and are subject to change without notice. This notice is not an exhaustive description of the described product or the risks related to it, and it should not be relied on as such, nor is it a substitute for the judgement of the recipient. The information provided herein ...
... the date of this document and are subject to change without notice. This notice is not an exhaustive description of the described product or the risks related to it, and it should not be relied on as such, nor is it a substitute for the judgement of the recipient. The information provided herein ...
view text of speech / press release
... Unlike many other countries, fiscal policy in Singapore does not play an active role in counter-cyclical demand management. It is true that in times of economic slack, we have accelerated some of our infrastructure spending, as we did to some extent with the MRT and other projects during the 1985/86 ...
... Unlike many other countries, fiscal policy in Singapore does not play an active role in counter-cyclical demand management. It is true that in times of economic slack, we have accelerated some of our infrastructure spending, as we did to some extent with the MRT and other projects during the 1985/86 ...
Et - Economics
... cost is the current marginal utility. (The LHS). The gain is the extra return next period, R(t). How much you value this in utils is given by the product of MU and the return. This is then discounted back to compare values. At the optimum: MC = MB As an aside – this is the starting point for modern ...
... cost is the current marginal utility. (The LHS). The gain is the extra return next period, R(t). How much you value this in utils is given by the product of MU and the return. This is then discounted back to compare values. At the optimum: MC = MB As an aside – this is the starting point for modern ...
FRBSF E L
... cases, residual seasonality could cause notable funds rate fluctuations and volatility—and perhaps premature liftoff from a zero lower bound in certain circumstances. Still, over the course of a year, as the overstatement and understatement of the published economic variables balance out, the averag ...
... cases, residual seasonality could cause notable funds rate fluctuations and volatility—and perhaps premature liftoff from a zero lower bound in certain circumstances. Still, over the course of a year, as the overstatement and understatement of the published economic variables balance out, the averag ...
Chapter 14: Dynamic AD-AS
... expected inflation, and supply shocks adaptive expectations, a simple model of inflation expectations Dynamic AD-AS Model ...
... expected inflation, and supply shocks adaptive expectations, a simple model of inflation expectations Dynamic AD-AS Model ...
Restoring the Pre-WWI Economy
... pound sterling was worth only $3.81, some twenty-five percent less than its pre-World War I parity of $4.86. Why was the gold standard not restored immediately after the end of the war? Because of the enormous debts that had been run up during the war. The chief problem of European governments was d ...
... pound sterling was worth only $3.81, some twenty-five percent less than its pre-World War I parity of $4.86. Why was the gold standard not restored immediately after the end of the war? Because of the enormous debts that had been run up during the war. The chief problem of European governments was d ...
On the sources of macroeconomic stability
... stable than could reasonably have been predicted. In the ten years after the Monetary Policy Committee (MPC) was established in May 1997, inflation deviated by more than 1 percentage point from its target in only one month, whereas calculations made at the start of this period had suggested that thi ...
... stable than could reasonably have been predicted. In the ten years after the Monetary Policy Committee (MPC) was established in May 1997, inflation deviated by more than 1 percentage point from its target in only one month, whereas calculations made at the start of this period had suggested that thi ...
This PDF is a selection from a published volume from... Economic Research Volume Title: NBER International Seminar on Macroeconom
... would be significantly deeper than in the absence of such a floor on nominal interest rates. Orphanides and Wieland (2000) study the optimal design of monetary policy in periods of near‐zero interest rates using a simple stylized macroeconomic model. Their paper outlines a decision framework for qua ...
... would be significantly deeper than in the absence of such a floor on nominal interest rates. Orphanides and Wieland (2000) study the optimal design of monetary policy in periods of near‐zero interest rates using a simple stylized macroeconomic model. Their paper outlines a decision framework for qua ...
PRESS RELEASE July 25, 2011 The Bank of Israel leaves the
... twelve months to 6.2 percent. The effect of the increase in the interest rate, measures introduced by the Bank of Israel affecting mortgages, and steps taken by the Ministry of Finance in real estate taxation, together with the continued increase in the number of building starts, are expected to be ...
... twelve months to 6.2 percent. The effect of the increase in the interest rate, measures introduced by the Bank of Israel affecting mortgages, and steps taken by the Ministry of Finance in real estate taxation, together with the continued increase in the number of building starts, are expected to be ...
The RBI holds and the US Fed raises
... Equities have been volatile over the last month and a half. After tanking by about 10% in the first half of November, the markets have posted a modest rally. However, the Indian macro-economic factors are still strong. While the market yields may yield much in the short term, the markets can be expe ...
... Equities have been volatile over the last month and a half. After tanking by about 10% in the first half of November, the markets have posted a modest rally. However, the Indian macro-economic factors are still strong. While the market yields may yield much in the short term, the markets can be expe ...
The Inflationary Process in Prerevolutionary Iran Looney, R.E.
... that the economy's prices and wages were, for the most part, flexible. Stabilization measures suggested by the bank at one time or another included restrictive monetary policies, restrictions on government expenditures (mainly government consumption expenditures), reduction of imports controls, and ...
... that the economy's prices and wages were, for the most part, flexible. Stabilization measures suggested by the bank at one time or another included restrictive monetary policies, restrictions on government expenditures (mainly government consumption expenditures), reduction of imports controls, and ...
The Dynamics of the Hungarian Hyperinflation, 1945-6
... were dependent on goods from the Hungarian countryside and from abroad, and there were especially large increases in prices for whatever goods could be brought in. Moreover, as might be expected in such a distressed situation, inflation was aggravated by the rapid conversion of money into goods. Eff ...
... were dependent on goods from the Hungarian countryside and from abroad, and there were especially large increases in prices for whatever goods could be brought in. Moreover, as might be expected in such a distressed situation, inflation was aggravated by the rapid conversion of money into goods. Eff ...
Chapter 22: Main Events of the Period 1970 to 1990
... What does the Phillips Curve tell us? It says that there is a trade-off between unemployment and inflation. When the inflation rate is falling, the unemployment rate is also rising. And when the inflation rate is rising, the unemployment rate is falling. Policies that improve one of the issues will ...
... What does the Phillips Curve tell us? It says that there is a trade-off between unemployment and inflation. When the inflation rate is falling, the unemployment rate is also rising. And when the inflation rate is rising, the unemployment rate is falling. Policies that improve one of the issues will ...
Full Text - Life Science Journal
... in 1986 — 2002 and lasted for 16 years. This inflationary cycle has several peculiarities. First of all, this inflationary cycle occurred during the business cycle rise stage which provided an unprotracted character of the high inflation period. Secondly, inflationary cycle of 1986—2002 period was d ...
... in 1986 — 2002 and lasted for 16 years. This inflationary cycle has several peculiarities. First of all, this inflationary cycle occurred during the business cycle rise stage which provided an unprotracted character of the high inflation period. Secondly, inflationary cycle of 1986—2002 period was d ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: Inflation: Causes and Effects
... In this section, I set the inflation of the seventies into the historical perspectives of long-term United States price level behavior and that of the post-Korean War period. The annual inflation rate in the United States since 1880 is shown in figure 8.1. It is clear that the current inflation is t ...
... In this section, I set the inflation of the seventies into the historical perspectives of long-term United States price level behavior and that of the post-Korean War period. The annual inflation rate in the United States since 1880 is shown in figure 8.1. It is clear that the current inflation is t ...