Showing 1 - 10 of 17
While there has been extensive research on the Dutch Disease (DD) very little attention, if any, has been devoted to the regional mechanisms through which it may manifest itself. This is the first empirical attempt to research a 'regional DD' by looking at the local and spatial impacts of...
Persistent link: https://www.econbiz.de/10010630844
Why is inflation so much lower and at the same time more stable in developed economies in the 1990s, compared with the 1970s? This paper suggests that the United Kingdom, United States and other countries may have escaped from a volatile inflation equilibrium. Our argument builds on the story...
Persistent link: https://www.econbiz.de/10014224729
Persistent link: https://www.econbiz.de/10003894076
Persistent link: https://www.econbiz.de/10003505644
Persistent link: https://www.econbiz.de/10003574527
Persistent link: https://www.econbiz.de/10003483266
The assumption of asymmetric and incomplete information in a standard New Keynesian model creates strong incentives for monetary policy transparency. We assume that the central bank has better information about its objectives than the private sector, and that the private sector has better...
Persistent link: https://www.econbiz.de/10013316318
Persistent link: https://www.econbiz.de/10001336561
Persistent link: https://www.econbiz.de/10001556763
Persistent link: https://www.econbiz.de/10009705868