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Customer Markets and the Real Effects of Monetary Policy Shocks

Hristov, Nikolay - 2008

-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …

Persistent link: https://www.econbiz.de/10009482289

Report on the Latin American Economy: second half of 2021: outlook, vulnerabilities and policy space

Banco de España. Departamento de Economía …

in historical terms. One key conditioning factor will be inflation, which has risen notably across the region as a whole …

Persistent link: https://www.econbiz.de/10012745578

Corruption and Central Banks

Schinke, Michael - 2005

Drives Inflation. Chapter IV introduces a second model of a corrupt central banker, one who sells inside information … general seems to increase the inflation rate. My model of the corrupt central banker provides a new explanation of this effect …, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross …

Persistent link: https://www.econbiz.de/10009484798

Long-Run Monetary Neutrality and Contemporary Policy Analysis

McCallum, Bennett T. - 2004

Arguments are developed concerning a number of topics including long-run monetary neutrality, superneutrality, the natural-rate hypothesis, the quantity theory of money, the equation of exchange, the Fisher equation, and purchasing power parity. These are basic, fundamental topics that all...

Persistent link: https://www.econbiz.de/10009441024

Money and Production: A Pluralist Analysis

Weir, Diarmid J. G. - 2008

The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...

Persistent link: https://www.econbiz.de/10009465939

Monetary policy and disintermediation in South Africa : 1970–2010 / Michael Oldfield

Oldfield, Michael John - 2011

This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...

Persistent link: https://www.econbiz.de/10009455940

Dollarization and Macroeconomic Stability in Latin America.

Castillo, Sofia - 2006

impact on inflation. Data suggests that dollarization significantly reduces inflation. This research has serious implications …

Persistent link: https://www.econbiz.de/10009460846

Central banking in Latin America : changes, achievements, challenges : [lecture prepared for the Fifth High-Level Seminar of the Eurosystem and Latin American Central Banks]

Schmidt-Hebbel, Klaus; Aríztegui Yáñez, Francisco Javier - 2011

Persistent link: https://www.econbiz.de/10012529495

The transmission mechanism of monetary policy in Botswana

Kganetsano, Tshokologo A. - 2007

inflation.Whereas extensive research on the transmission mechanism has been conductedin developed countries, such work in …

Persistent link: https://www.econbiz.de/10009461171

The Taylor rule and dynamic stability in a small macroeconomic model

Chappell, David; Turner, Paul - 2003

In this paper we embed the Taylor interest rate rule in a simple macroeconomic model with Calvo contracts. We contrast this with the case in which the interest rate is determined by the conventional LM curve along with a fixed value for the monetary aggregate. We derive conditions under which...

Persistent link: https://www.econbiz.de/10009461225