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Optimal taxation by the monetary authority
Walsh, Carl E. - 1984
Persistent link: https://www.econbiz.de/10002969388
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Optimal Taxation by the Monetary Authority
Walsh, Carl E. - 2021
Reserve requirements imposed against bank deposits, nominal interest payments on bank reserves (or on base money), and inflation can all be viewed as generating tax effects. Any analysis of optimal monetary policy in a steady-state equilibrium needs to consider the simultaneous choice of all the...
Persistent link: https://www.econbiz.de/10013235318
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Optimal Taxation by the Monetary Authority
Walsh, Carl E. - 1984
Reserve requirements imposed against bank deposits, nominal interest payments on bank reserves (or on base money), and inflation can all be viewed as generating tax effects. Any analysis of optimal monetary policy in a steady-state equilibrium needs to consider the simultaneous choice of all the...
Persistent link: https://www.econbiz.de/10012477715
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Monetary policy uncertainty and learning : an overview
Schmidt-Hebbel, Klaus; Walsh, Carl E. - 2008
Persistent link: https://www.econbiz.de/10003896315
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Monetary policy under uncertainty and learning : an overview
Schmidt-Hebbel, Klaus; Walsh, Carl E. - In: Monetary policy under uncertainty and learning : …, (pp. 1-26). 2009
Persistent link: https://www.econbiz.de/10008860546
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Política monetaria bajo incertidumbre y aprendizaje : una introducción
Schmidt-Hebbel, Klaus; Walsh, Carl E. - In: Economía chilena 11 (2008) 3, pp. 5-19
Persistent link: https://www.econbiz.de/10003815902
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Implications of a changing economic structure for the strategy of monetary policy
Walsh, Carl E. - In: Monetary policy and uncertainty : adapting to a …, (pp. 297-348). 2003
Persistent link: https://www.econbiz.de/10002775363
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Effective lower bound risk
Hills, Timothy S.; Nakata, Taisuke; Schmidt, Sebastian - In: European economic review : EER 120 (2019), pp. 1-26
Persistent link: https://www.econbiz.de/10012264185
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Effective lower bound risk
Hills, Timothy S.; Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: September 2019
policy rate will become constrained in the future lowers today's inflation by creating tail risk in future inflation and thus … the tail risk induced by the ELB causes inflation to undershoot the target rate of 2 percent by as much as 50 basis points …
Persistent link: https://www.econbiz.de/10012182403
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A new comparative approach to macroeconomic modeling and policy analysis
Wieland, Volker; Cwik, Tobias; Müller, Gernot J.; … - In: Journal of economic behavior & organization : JEBO 83 (2012) 3, pp. 523-541
Persistent link: https://www.econbiz.de/10009698038