Results 81 to 90 of about 24,918 (209)
Stochastic optimization and worst-case analysis in monetary policy design [PDF]
, 2005 In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB.We find that maximal insurance across this model range in ...
Rustem, Berc +2 more
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Is the Taylor Rule Really Different from the McCallum Rule? [PDF]
When base velocity is a stable function of the Federal funds rate (FFR), the money base-nominal GDP targeting rule (McCallum rule) can be reparameterized and presented in terms of FFR as the policy instrument.
W. A. Razzak
core +2 more sources
La experiencia española de la banca emisora: la pluralidad de emisión en el siglo XIX*
El Trimestre EconómicoEn las décadas centrales del siglo XIX, España desarrolló un sistema bancario basado en la pluralidad de emisión. Diversos bancos fueron autorizados por el Estado para hacer circular sus billetes en sus respectivas provincias. Este proceso dio lugar a un
Yolanda Blasco-Martel +1 more
doaj +1 more source
The optimal mix of taxes on money, consumption and income [PDF]
In this paper we determine the optimal combination of taxes on money, consumption and income in transaction technology models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the ...
De Fiore, Fiorella, Teles, Pedro
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La transmisión de la política monetaria a través del crédito bancario en México
El Trimestre EconómicoEste artículo analiza empíricamente la existencia del canal de crédito de la política monetaria en México, es decir, la relación entre cambios en la tasa de interés objetivo y las variaciones en el crédito otorgado por bancos comerciales.
Atzin Chiguil-Rojas +2 more
doaj +1 more source
Is Central Banks’ Effectiveness Related to their Transparency? A Case of European Economies
Folia Oeconomica Stetinensia, 2018 This article presents a novel transparency measure and examines forward-looking transparency of six European central banks. It aims at evaluating whether the higher degree of transparency is related to better economic stabilization expressed in terms of ...
Szyszko Magdalena, Próchniak Mariusz
doaj +1 more source
In ricordo di Tommaso Padoa-Schioppa (In Memory of Tommaso Padoa-Schioppa)
Moneta e Credito, 2011 C.A. Ciampi, Past President of the Italian Republic, commemorates his former colleague and friend Tommaso Padoa Schioppa, past Ministry of the Economy, recently deceased. JEL Codes: B32, A13, E58
Carlo Azeglio Ciampi
doaj +1 more source
Asian Economic Policy Review, Volume 20, Issue 1, Page 2-26, January 2025.
Hal Hill +4 more
wiley +1 more source
CBDC and Trust in A Central Bank: Transitivity Of Preferences Vs. The Privacy Paradox
Financial Internet QuarterlyThe privacy and anonymity of transactions are considered some of the biggest challenges when designing Central Bank Digital Currencies (CBDC). While many surveys show that people strongly prefer privacy in their transactions, behavioral theories suggest ...
Koziuk Viktor +3 more
doaj +1 more source
Transition economy convergence in a two-country model: implications for monetary integration [PDF]
In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through ...
Bruha, Jan, Podpiera, Jirí
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