Search Results - subject:"monetary coordination"

Monetary finance : do not touch, or handle with care?

Agur, Itai; Capelle, Damien; Dell'Ariccia, Giovanni; … - 2022

Persistent link: https://www.econbiz.de/10013336135

What does the COVID-19 experience tell us about Indian growth drivers?

Goyal, Ashima - 2021

Persistent link: https://www.econbiz.de/10012817238

Welfare Effects of Monetary Integration; The Common Monetary Area and Beyond

Asonuma, Tamon; Debrun, Xavier; Masson, Paul R. - International Monetary Fund (IMF) - 2012

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii)...

Persistent link: https://www.econbiz.de/10011242297

Essays on Monetary Coordination, Exchange Rate Volatility and Interfirm Networks

Liu, Qing - 2008

that each country is tempted to exploit these deviations by inflation. Monetary coordination eliminates the inefficiency …This dissertation consists of three independent essays in Macroeconomics. The first essay analyzes monetary … coordination between currency areas. It is shown that search frictions can generate the deviations from the law of one price and …

Persistent link: https://www.econbiz.de/10009455201

The Gains From International Monetary Cooperation Revisited

Tchakarov, Ivan - International Monetary Fund (IMF) - 2004

This paper examines the issue of whether countries can improve their welfare by coordinating macroeconomic policies. The main purpose is to compute the gains from international monetary cooperation as the difference between the steady state consumption levels associated with the Nash and the...

Persistent link: https://www.econbiz.de/10005826096

Monetary and Fiscal Coordination in Small Open Economies

Worrell, DeLisle - International Monetary Fund (IMF) - 2000

This paper is concerned with the design of institutional arrangements for low inflation in small open economies. In the real world of information asymmetries, uncertain expectations and changeable preferences, it is not enough to create an autonomous and publicly accountable central bank. In...

Persistent link: https://www.econbiz.de/10005826179

Monetary policy delegation, labour market structure and fiscal-monetary policy coordination

Castrén, Olli - 1998

We study monetary policy delegation in a framework where fiscal policy is determined endogenously and wages are negotiated by trade unions who face a trade-off between real wages and employment.If the median trade union voter is a senior member the nominal wages are too high to guarantee full...

Persistent link: https://www.econbiz.de/10012147746

Monetary Policy Delegation, Labour Market Structure and Fiscal-Monetary Policy Coordination

Castrén, Olli - Suomen Pankki - 1998

We study monetary policy delegation in a framework where fiscal policy is determined endogenously and wages are negotiated by trade unions who face a trade-off between real wages and employment. If the median trade union voter is a senior member the nominal wages are too high to guarantee full...

Persistent link: https://www.econbiz.de/10005190741

Asymmetry in the ERM; A Case Study of French and German Interest Rates Since Basle-Nyborg

Perraudin, W. R. M.; Gardner, E. H. - International Monetary Fund (IMF) - 1992

We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany’s...

Persistent link: https://www.econbiz.de/10005605363

Using An EC-Wide Monetary Aggregate in Stage Two of EMU

Kenen, Peter B.; Bayoumi, Tamim - International Monetary Fund (IMF) - 1992

This paper looks at whether the aggregate ERM money supply has been a useful predictor of short-term changes in inflation and growth, and long-term trends in price levels among the core ERM countries. The evidence suggests that over the period since 1987, when there have been no realignments,...

Persistent link: https://www.econbiz.de/10005263937