Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10014368641
Persistent link: https://www.econbiz.de/10011898893
Persistent link: https://www.econbiz.de/10011741181
Persistent link: https://www.econbiz.de/10011734223
Persistent link: https://www.econbiz.de/10011811338
Persistent link: https://www.econbiz.de/10012544282
In a setting with a risk-adverse union, we study the effects of central bank's political transparency on wage level and inflation volatility according to its degree of conservativeness. We obtain some results that contrast with these obtained in the same kind of model or in a Rogoff type model...
Persistent link: https://www.econbiz.de/10005067143
In 2004, the People's Bank of China (PBC) is reported to have abandoned the quantity of money as its intermediate goal and to adopt some elements of the apparatus of inflation targeting, without giving up the managed exchange rate regime for the renminbi (RMB), the Chinese currency. We show in...
Persistent link: https://www.econbiz.de/10005268945
Using a New-Keynesian model subject to misspecifications, we examine how the robust monetary policy could be modified by a linear inflation contract when a central bank is opaque about its preference for model robustness. It is shown that a central bank must limit this preference and opacity...
Persistent link: https://www.econbiz.de/10010588237
This article investigates the dynamic implications of Krugman's (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature of international financial crisis. Considering explicitly the wealth-accumulation constraint and the external equilibrium...
Persistent link: https://www.econbiz.de/10010624007