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В работе анализируется эффективность денежно кредитной политики в стра нах – крупнейших экспортерах нефти с точки зрения стерилизации шоков де нежного...
Persistent link: https://www.econbiz.de/10013098493
The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000-2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10013051961
Persistent link: https://www.econbiz.de/10009511678
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium "New Paradigms in Money and Finance?". All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011711450
Работа посвящена анализу и классификации существующих теоретических и эмпирических моделей, описывающих факторы становления резервных валют, их роли в...
Persistent link: https://www.econbiz.de/10013099059
In recent years the discussion of the role played by reserve currencies in the world economy has reached a new level. Problems caused by the domination of a single reserve currency have not yet been resolved and it remains unclear when and how they will be solved in the future. At the same time,...
Persistent link: https://www.econbiz.de/10013087485
Russian Abstract: Кризисные явления 2007–2009 гг. продемонстрировали, что финансовые рынки ведущих экономик мира могут быть подвержены масштабным системным потрясениям....
Persistent link: https://www.econbiz.de/10013015204
Central banks pay close attention to inflation expectations. In standard models, however, inflation expectations are tied down by the assumption of rational expectations and should be of little independent interest to policy makers. In this paper, we relax the assumption of rational expectations...
Persistent link: https://www.econbiz.de/10014048604
A number of recent studies have suggested that activist stabilization policy rules responding to inflation and the output gap can attain simultaneously a low and stable rate of inflation as well as a high degree of economic stability. The foremost example of such a strategy is the policy rule...
Persistent link: https://www.econbiz.de/10014161096
This paper investigates the role that imperfect knowledge about the structure of the economy plays in the formation of expectations, macroeconomic dynamics, and the efficient formulation of monetary policy. Economic agents rely on an adaptive learning technology to form expectations and to...
Persistent link: https://www.econbiz.de/10014114786