IS LONG-RUN MONETARY NEUTRAL? EVIDENCE FROM INDONESIA
Economic Journal of Emerging Markets, 2011 This paper examines the long-run monetary neutrality in Indonesia, mainly using annual time-series during 1970-2007. It uses Fisher-Seater methodology to analyze the research problems.
Arintoko Arintoko
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India’s Economy under Pressure from COVID-19
Контуры глобальных трансформаций: политика, экономика, право, 2020 The article examines the negative changes in the Indian economy since the beginning of 2020 under the pressure of the COVID-19 pandemic and measures to overcome them.
E. A. Bragina
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Money, interest rates, and exchange rates with endogenously segmented asset markets [PDF]
This paper analyzes the effects of money injections on interest rates and exchange rates in a model in which agents must pay a Baumol-Tobin style fixed cost to exchange bonds and money.
Andrew Atkeson +2 more
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Money, interest rates, and exchange rates with endogenously segmented markets [PDF]
This paper analyzes the effects of money injections on interest rates and exchange rates in a model in which agents must pay a Baumol-Tobin style fixed cost to exchange bonds and money.
Andrew Atkeson +2 more
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Auctions for Injecting Bank Capital [PDF]
Public discussion has turned, in the past few days, toward using some of the $700 billion in rescue funds for the injection of government money into banks in return for ownership stakes.
Lawrence M. Ausubel, Peter Cramton
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The Optimal Inflation Rate in an Overlapping-Generations Economy with Land [PDF]
This paper is concerned with the optimal inflation rate in an overlapping-generations economy in which (i) aggregate output is constrained by a standard neoclassical production function with diminishing marginal products for both capital and labor and ...
Bennett T. McCallum
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Bright Lines and Bailouts: To Bail or Not To Bail, That Is the Question [PDF]
, 2009 A financial-institution bailout involves government intervention through a transaction or forbearance targeted to a financial institution or group of financial institutions.
Gary Gegenheimer, Vern McKinley
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Inflation taxes and inflation subsidies: Explaining the twisted relationship between inflation and output [PDF]
This paper studies the nature of monetary policy in a cash-in-advance model with indivisible labor and with financial intermediaries that provide loans for working capital. Monetary policy occurs through money injections either directly to families or to
George T. McCandless
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Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States [PDF]
The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary ...
Stolz, Stéphanie Marie, Wedow, Michael
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Money and Exchange Rates in the Grossman-Weiss-Rotemberg Model [PDF]
We examine the impact of monetary injections in the Grossman-Weiss-Rotemberg Model and show that monetary shocks can lead to nominal exchange rates that are more volatile than inflation, money growth or interest rate differentials. Moreover, movements in
Andrew Atkeson, Fernando Alvarez
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