Results 11 to 20 of about 90,878 (293)
Dynamic Currency Intervention and International Monetary Neutrality
Theoretical Economics Letters, 2017 Modeling the regime of long run exchange rate and capital account intervention, or dynamic currency intervention (DCI), widely adopted by emerging economies, is of great importance to international economists. This paper develops a new dynamic general equilibrium model to probe the key mechanism of a DCI regime.
Hailong Jin, Tong Wang
exaly +3 more sources
Monetary Policy, Neutrality and the Environment [PDF]
SSRN Electronic Journal, 2021 AbstractWe study the interaction between monetary/fiscal policies in a Ramsey–Sidrauski model augmented with the “Green Golden Rule.” We demonstrate conditions whereby monetary and fiscal policy under different utility and preference assumptions are or are not environmentally neutral. Despite its nonseparability in utility, we demonstrate that money is
Faria, JR, Mcadam, P, Viscolani, B
openaire +3 more sources
MethodsX, 2021 This paper investigates the long-run money neutrality (LMN) and long-run money superneutrality (LMSN) hypothesis for both the industry sector and the entire Iranian economy by using the data of 1979–2018 and applying Fisher and Seater's (1993) ARIMA ...
Nasim Iranmanesh +1 more
doaj +1 more source
A note on the neutrality of temporary monetary disturbances [PDF]
Journal of Monetary Economics, 1979 Abstract In the rational expectations analysis of Lucas and Barro, the quantity of money is subject to random shocks that are specified to be unanticipated and permanent in character. The present note provides some simple examples of alternative money supply specifications that lead to non-neutrality of perceived temporary monetary growth through the
Marvin Goodfriend, Robert G. King
openaire +2 more sources
L'inutile nozione di "moneta naturale"
Moneta e Credito, 2014 The concept of neutral money occupies a notable place in monetary theory, from neoclassical literature to the present. This paper reconsiders the meaning of the neutrality of money and the nature of the conditions that make for such neutrality.
J. ASCHHEIM
doaj +1 more source
European monetary policy: Between market neutrality and climate change
Culture, Practice & Europeanization, 2022 Climate change has also become a relevant topic in the financial sector. According to a survey of 33 central banks, 70 percent describe climate change as a major threat to financial market stability. Thus, if climate change threatens the stability of the
Jenny Preunkert
doaj +1 more source
PSL Quarterly Review, 2013 The concept of neutral money occupies a notable place in monetary theory, from neoclassical literature to the present. This paper reconsiders the meaning of the neutrality of money and the nature of the conditions that make for such neutrality.
J. ASCHHEIM
doaj +1 more source
On the Complementarity of the Austrian and Monetarist Traditions
Quarterly Journal of Austrian Economics, 2023 In his article, Professor Salin focuses on two main aspects of monetary economics: first, the neutrality and stability of money, and, second, the balance of payments.
Karl-Friedrich Israel
doaj +1 more source
Monetary Impacts on Prices in the Short and Long Run: Further Results for the United States
Journal of Agricultural and Resource Economics, 1993 This study examines the long-run neutrality of money and the short-run dynamics of farm and nonfarm prices to the monetary shock, using Johansen's approach. Results find a long-run equality of prices, but not neutrality.
Young Chan Choe, Won W. Koo
doaj +1 more source
Another reason for non-neutrality of financial liquidity [PDF]
Panoeconomicus, 2019 This paper reinterprets the non-neutrality of financial liquidity under a general equilibrium model with multiple financial liquidities, but without price stickiness.
Lee Jong-Eun
doaj +1 more source