Results 81 to 90 of about 383 (238)
Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation
Journal of Money, Credit and Banking, EarlyView.Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE +2 more
wiley +1 more source
Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley +1 more source
Competing Disraeli-isms: Tory Democracy and One-Nation Conservatism
Cahiers Victoriens et EdouardiensThis chapter explores Benjamin Disraeli’s influence on two strands of Conservative Party ideology: Tory democracy and one-nation conservatism. Both rejected laissez-faire economics and promoted social reform, but one-nation conservatives favoured a more ...
David Jeffery
doaj +1 more source
Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy
Journal of Money, Credit and Banking, EarlyView.Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI +2 more
wiley +1 more source
Policy Biases in a Model with Labor‐Market Frictions
Journal of Money, Credit and Banking, EarlyView.Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source
Neoliberalism is not dead - On political implications of Covid-19. [PDF]
Cap Class, 2021 Šumonja M.
europepmc +1 more source
The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies
Journal of Money, Credit and Banking, EarlyView.Abstract We develop an open‐economy heterogeneous household model with incomplete markets to quantitatively evaluate the welfare and distributional effects—both within and across countries—of the corporate tax cut (Tax Cuts and Jobs Act, TCJA) implemented in the U.S. in 2017. The model allows for examining outcomes under various possibilities including
MAMOON KADER +3 more
wiley +1 more source
El pseudokeynesianismo de Sargent Sargent' s Pseudo-Keynesianism
Cuadernos de Economía, 1994 Los supuestos del modelo Sargent garantizan la estabilidad dentro de un marco muy restrictivo que deja por fuera las consideraciones teóricas fundamentales.
González Jorge Iván
doaj
Investigating the potential role of innovation and clean energy in mitigating the ecological footprint in N11 countries. [PDF]
Environ Sci Pollut Res Int, 2022 Sherif M, Ibrahiem DM, El-Aasar KM.
europepmc +1 more source
The Landless Rural Workers Movement (MST) and New Agrarian Questions in Brazil
Journal of Agrarian Change, EarlyView.ABSTRACT The Landless Rural Workers Movement of Brazil (MST) primarily organized occupations of large‐scale farms, forcing the redistribution of land for creation of agrarian reform settlements. In the past 20 years, however, land occupations and the establishment of new agrarian reform settlements have consistently declined, while the MST shifted ...
Estevan Coca, Gustavo de L. T. Oliveira
wiley +1 more source