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Model uncertainty and monetary policy [PDF]
Model uncertainty has the potential to change importantly how monetary policy should be conducted, making it an issue that central banks cannot ignore.
Richard Dennis
core +6 more sources
Taking the Monetary Implications of a Monetary Model Seriously [PDF]
It has become common practice in applied monetary economics to posit an interest rate rule as a component of the economic environment. Since the general equilibrium setting imposes a money demand relationship, the interest rate rule implies that the ...
Kevin Salyer, Kristin Van Gaasbeck
core +1 more source
Organic global cryptocurrency: towards a stable international monetary system that is closer to Maqāṣid Sharīʿah [PDF]
Purpose – The most prominent and persistent problems of our global monetary system are instability and imbalances. We propose an international monetary model to solve these problems while at the same time move the model closer to Maqāṣid Sharīʿah ...
Abdurrahman Arum Rahman
doaj +1 more source
Analyzing the effects of conventional and non-conventional monetary policies on economic growth in uncertain conditions using stochastic general equilibrium (DSGE) method. [PDF]
The relationship between financial and monetary policies and economic growth is a well-known topic in economic literature. Conventional policies refer to the set of policies implemented by the World Bank and the International Monetary Fund as custodians ...
Elham Banisaeid +2 more
doaj +1 more source
The impact of monetary policy tools in achieving monetary stability in Algeria: Approach by the ARDL model [PDF]
This study aims to evaluate the performance of monetary policy tools in terms of their impact on macroeconomic indicators to achieve monetary stability in Algeria, by studying their contribution to achieving domestic and external stability.
Abderrahmane Bensaad, Samia Azzazi
doaj +1 more source
Modeling Monetary Policy [PDF]
Models currently used for monetary policy analysis equate the monetary policy interest rate instrument to the consumption Euler rate which is related to expected consumption growth and inflation, i.e. the two variables monetary policy is designed to control.
Samuel Reynard, Andreas Schabert
openaire +3 more sources
Since monetary deregulation in decade 1980, financial and monetary sector in Indonesia change. The monetary deregulation package affects much to liquidity.
Samsubar Saleh, Samsul Hidayat
doaj +7 more sources
Revisiting speculative hyperinflations in monetary models
This paper revisits the debate on ruling out speculative hyperinflations in monetary models. Although apparently a narrow issue, studying these extreme economies turns out to be quite illuminating in understanding the fundamentals of price level determination.
Maurice Obstfeld, Kenneth Rogoff
openaire +2 more sources
Evidence in favor of the monetary model of exchange rate determination for the South African Rand is, at best, mixed. A co-integrating relationship between the nominal exchange rate and monetary fundamentals forms the basis of the monetary model.
Riané de Bruyn +2 more
doaj +1 more source
The paper attempts to construct the model of islamic monetary operation for liquidity management in islamic banking. Particularly, the model investigates variables that determine the role of the central bank in managing liquidity.
Rifki Ismal
doaj +1 more source

