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Optimal monetary policy with endogenous entry and product variety

Bilbiie, Florin; Fujiwara, Ippei; Ghironi, Fabio - In: Journal of monetary economics 64 (2014), pp. 1-20

Persistent link: https://www.econbiz.de/10010462968

Sources of inflation and the effects of balanced budgets and inflflation targeting in developing economies

Martins, Guilherme Klein; Skott, Peter - 2020

This paper presents a model of inflation in developing economies and makes uses of it to evaluate macroeconomic policy in those countries. We see cross-sectoral interactions between demand and supply side forces as central and show that the standard macroeconomic policy recommendations of...

Persistent link: https://www.econbiz.de/10012258395

The macroeconomics of a financial Dutch disease

Botta, Alberto - 2015

We describe the medium-run macroeconomic effects and long-run development consequences of a financial Dutch disease that may take place in a small developing country with abundant natural resources. The first move is in financial markets. An initial surge in foreign direct investment targeting...

Persistent link: https://www.econbiz.de/10011389217

Monetary policy when export revenues drop

Bergholt, Drago; Røisland, Øistein; Sveen, Tommy; … - 2022

We study how monetary policy should respond to shocks which permanently alter the steady state structure of the economy. In such a case monetary policy affects not only the short run misallocations due to nominal rigidities, but also relative prices which stimulate reallocation of capital. We...

Persistent link: https://www.econbiz.de/10013461079

Optimal monetary policy and firm entry

Lewis, Vivien - 2009

This paper describes optimal monetary policy in an economy with monopolistic competition, endogenous firm entry, a cash …-in-advance constraint and pre-set wages. Firms must make profits in order to cover entry costs; thus a mark-up on goods prices is necessary … requirement at market entry stage, insufficient labour supply also implies too little entry and too few firms in equilibrium. In …

Persistent link: https://www.econbiz.de/10011597147

Optimal monetary policy and firm entry

Lewis, Vivien - 2012

This paper characterises optimal monetary policy in an economy with endogenous firm entry, a cash-in-advance constraint … and preset wages. Firms must make profits to cover entry costs; thus the markup on goods prices is efficient. However … and production are suboptimally low. Due to the labour requirement in entry, insufficient labour supply also implies that …

Persistent link: https://www.econbiz.de/10010391306

Optimal monetary policy and firm entry

Lewis, Vivien - In: Macroeconomic dynamics 17 (2013) 8, pp. 1687-1710

Persistent link: https://www.econbiz.de/10010342150

The Federal Reserve as Last Resort

Baker, Colleen - 2013

The Federal Reserve, the central bank of the United States, is one of the most important and powerful institutions in the world. Surprisingly, legal scholarship hardly pays any attention to the Federal Reserve or to the law structuring and governing its legal authority. This is especially...

Persistent link: https://www.econbiz.de/10013089325

Central Bank Challenges in the Global Economy

Amtenbrink, Fabian - 2011

This legal contribution reflects on the changing role of central banks in the global economy by observing three interconnected developments: globalization, regionalization and the global financial crisis. The hypothesis at the outset is that these developments which are to a considerable extent...

Persistent link: https://www.econbiz.de/10013131590

Securing Financial Independence in the Legal Basis of a Central Bank

Amtenbrink, Fabian - 2009

Together with institutional, functional and organizational independence, financial independence constitutes one of the cornerstones of central bank independence, the economic ratio of which has been demonstrated extensively in the literature. In broad terms financial independence may be defined...

Persistent link: https://www.econbiz.de/10012720589