Results 71 to 80 of about 11,088 (144)

Multiple-Solution Indeterminacies in Monetary Policy Analysis [PDF]

open access: yes
This paper discusses four current topics in monetary policy analysis, each of which hinges on the possibility of multiple solutions in rational expectations (RE) models.
Bennett T. McCallum
core  

Real convergence and its illusions [PDF]

open access: yes
This paper uses the EAGLE, a multi-country dynamic general equilibrium model, to illustrate dynamic adjustments in a small open economy undergoing real convergence.
Kolasa, Marcin
core  

Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate [PDF]

open access: yes
We study the consequences of a central bank providing an elastic currency through the use of discount window lending. In particular, we compare the set of equilibria generated when the interest rate is fixed in nominal terms with that generated when it ...
Gaetano Antinolfi, Todd Keister
core  

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