Results 261 to 270 of about 90,517 (298)

Marshallian time preferences and monetary non-neutrality

Economic Modelling, 2008
Abstract With the introduction of Marshallian recursive preferences to the Sidrauski model, this paper re-examines the effects of monetary growth on the economy. It is found that an increase in the monetary growth rate decreases the steady-state value of capital stock, consumption, and real balance holding.
Xiaoyong Cui, Liutang Gong, Jianfang Yang, Heng-fu Zou   +3 more
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Neutral Money and Monetary Policy

2007
A reliable monetary system is indispensable to an extended division of labour, which is the basis for economic advance. In facilitating exchange, money releases man from a close dependence upon nature and upon the narrow confines of local markets; but it forces an individual to rely upon the entrepreneurial success of other individuals: upon ‘human ...
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Monetary neutrality in a dynamic macroeconomic model under alternative monetary regimes

Journal of Macroeconomics, 1992
Abstract This paper explores the neutrality of money under alternative stochastic monetary regimes in a simple growth model. The key result is that changes in monetary information lead to differing responses in prices and inflation. The key parameter is the transition between monetary states.
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Customer Search, Competition, and Monetary Non–Neutrality

SSRN Electronic Journal, 2020
In this paper, I study monetary non-neutrality in a frictional product market. The model incorporates the idea that goods are in general not monopolistically supplied; rather, consumers can purchase the same good from many outlets. I find that incorporating this feature into a menu cost model increases the degree of monetary non-neutrality.
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TESTS OF MONETARY NEUTRALITY ON FARM OUTPUT

1991
According to the monetary neutrality hypothesis, only the unanticipated money supply growth has impacts on real economic variables, and the anticipated money supply growth has no real impacts. The monetary neutrality hypothesis is tested on real farm output. The test procedure involves joint estimation of farm output and the money growth equation.
Devadoss, Stephen, Devadoss, Stephen
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Brazil: monetary policy and the neutral interest rate

Journal of Economic Studies, 2016
PurposeThe purpose of this paper is to analyze the conduct of monetary policy in Brazil and estimate the country’s neutral real interest rate.Design/methodology/approachThe authors make use of a state-space macroeconomic model representation.FindingsThe period of analysis goes from 2003 up to the end of 2013 and the results show that the country’s ...
Cleomar Gomes da Silva, Rafael Cavalcanti de Araújo   +1 more
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Expectations and Monetary Neutrality: An Empirical Reexamination

Southern Economic Journal, 1997
Modern monetary business cycle models feature rational expectations and natural rate assumptions which imply that unanticipated changes in nominal aggregates affect real output, but anticipated changes do not. Initial tests conducted by Barro [3] and by Barro and Rush [4] supported the neutrality of anticipated money growth.
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The ‘Natural’ Rate, Neutrality and Monetary Inflation

1989
Central to the neoclassical treatment of inflation is the concept of the ‘natural’ rate of unemployment, which proves to be another term for labour market equilibrium. The ‘naturalness’ of this rate derives from its characteristic of being consistent with a zero rate of change of the price level.
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Challenges toward carbon neutrality in China: Strategies and countermeasures

Resources, Conservation and Recycling, 2022
Xin Zhao, Yuping Shang
exaly  

Diversity of options to eliminate fossil fuels and reach carbon neutrality across the entire European energy system

Joule, 2022
Bryn Pickering, Francesco Lombardi, Stefan Pfenninger   +2 more
exaly