Showing 1 - 10 of 72
Frontmatter -- Contents -- List of Figures and Tables -- Preface to the Paperback Edition -- Preface -- Part One. Setting the Stage -- Part Two. Building Blocks -- Part Three. Inadequate Institutions -- Part Four. Currency Competition -- Appendix -- Notes -- References -- Acknowledgments -- Index
Persistent link: https://www.econbiz.de/10014481952
Persistent link: https://www.econbiz.de/10014317744
As the Chinese economy becomes more market based and continues its rapid integration into the global economy, having an independent and effective monetary policy regime oriented to domestic objectives will become increasingly important. Employing modern principles of monetary policy in light of...
Persistent link: https://www.econbiz.de/10005436325
Persistent link: https://www.econbiz.de/10005445110
Persistent link: https://www.econbiz.de/10005384165
This paper extends the real business cycle framework to incorporate ex ante skill heterogeneity among workers. Consistent with the empirical evidence, skilled and unskilled workers in the model face the same degree of cyclical variation in real wages, although unskilled workers are subject to...
Persistent link: https://www.econbiz.de/10005467144
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010960037
China's urban household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. To understand these patterns, we analyze a panel of urban Chinese households over the period 1989–2009. We document a sharp increase in income uncertainty, largely...
Persistent link: https://www.econbiz.de/10011065898
Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....
Persistent link: https://www.econbiz.de/10011171145
Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....
Persistent link: https://www.econbiz.de/10011174754