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have constrained monetary authorities to respond to inflation and output during crisis, while there is mixed evidence for …
Persistent link: https://www.econbiz.de/10011111273
depends on the idea each has of the workings of the economic system and on the influence each variable has on inflation and …
Persistent link: https://www.econbiz.de/10005616617
government and economic activities is inflation perfectly guaranteed not to accelerate. A truly independent central bank is …
Persistent link: https://www.econbiz.de/10005790152
This research article focuses on the impact of Monetary Policy on GDP. GDP no doubt is affected by the Monetary Policy of the state. The research papers of various authors have been studied in this regard to prove the Hypothesis and after in depth analysis by applying Regression Analysis...
Persistent link: https://www.econbiz.de/10009404627
allow for possible simultaneity problems, such as might exist between the rate of change of money wage and the inflation …
Persistent link: https://www.econbiz.de/10011109000
This paper looks at policies for achieving full and productive employment in Malawi. The polices are consistent with ILO's Global Employment Agenda. Monetary and fiscal policies consistent with employment creation is proposed.
Persistent link: https://www.econbiz.de/10011109346
In October 2008 the main Hungarian public finance actors: the government, the National Bank of Hungary (MNB) and experts cited the high public debt and volume of unsecured foreign-currency loans as the main reasons for the economy’s vulnerability. On the other hand according to the formal...
Persistent link: https://www.econbiz.de/10011258999
In some Business-Cycle models a fiscal policy that sets income taxes counter cyclically can cause macroeconomic instability by giving rise to multiple equilibria and as a result to fluctuations caused by self fulfilling expectations. This paper shows that consolidated budget rules with...
Persistent link: https://www.econbiz.de/10008534223
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This |"divorce'' of...
Persistent link: https://www.econbiz.de/10011109869
. Kirsanova at al(2005) have provided theory on the design of optimal monetary and fiscal policies, but estimation of monetary …We attempt to draw together monetary and fiscal policy making theory and the cointegrated VAR econometric methodology …
Persistent link: https://www.econbiz.de/10011111511