Results 71 to 80 of about 494,733 (194)
Comparisons of different monetary policies in China with yield curve information [PDF]
This work compares the effectiveness of quantity-based and price-based monetary policies in China using FAVAR. This essay is the pioneer to identify the 1-year lending rate and deposit rate as the policy rates, and includes yield curve information in the
Pang, Iris Ai Jao
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Early marginalist ideas on money
Erasmus Journal for Philosophy and Economics, 2013 The quantity theory of money (QTM) is an important building block of neoclassical economics. This has led scholars to believe that all monetary accounts proposed by marginalist economists are inherently based on the QTM.
Germán D. Feldman
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State-Dependent Pricing and the Non-Neutrality of Money [PDF]
Golosov and Lucas (2007) have challenged the view that infrequent price adjustments by firms explains why money has aggregate real output effects. The basis of their challenge is the 'selection effect' - re-setting firms are not selected at random, they ...
David Demery
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Monetary Information and Macroeconomic Fluctuations [PDF]
This paper introduces contemporaneously available monetary data into an "equilibrium" model that combines rational expectations, market clearing, and incomplete information about monetary disturbances.
Herschel I. Grossman, John F. Boschen
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Is There Long-Run Monetary Neutrality in Russia?
Economic PolicyOne theoretical tradition holds that money is neutral in the long run. Although the neutrality of money is an attractive doctrine in economics, the empirical evidence for it is somewhat ambiguous; this uncertainty opens up debate about how to choose the target for monetary policy.
P. S. Kartaev, A. K. Gerelishina
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Testing quantity theory of money for the Turkish economy [PDF]
In this paper, it is tried to test the main assumptions of the Quantity Theory of Money for the Turkish economy. Using some contemporaneous estimation techniques to examine the long-run stationary economic relationships on which the quantity theory is ...
Levent, Korap
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Non-neutrality of economic policy: An application of the Tinbergen-Theil’s approach to a strategic context [PDF]
Issues of policy effectiveness and neutrality are widespread in the economic literature. They have been increasingly raised in specific contexts within the class of LQ (linear-quadratic) policy games in the last 20 years, notably with reference to ...
Nicola Acocella, Giovanni Di Bartolomeo
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Professionalism: bridging the missing link between environmental MRV and carbon neutrality
Data & PolicyCarbon neutrality cannot be achieved without different economic sectors, individuals and households, and the government making serious efforts. Green finance in different forms including environmental, social and governance investment and carbon ...
Hiu Ching Chung +2 more
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The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy [PDF]
We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of monetary policy. Since expectations affect demand, our theory shows economic fluctuations are mostly driven by varying demand not supply ...
Maurizio Motolese +2 more
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Revista de Economia Mackenzie, 2009 The main objective of this paper is discussing the neutrality of money facing the post-Keynesian theory with the orthodoxy theory. The formation of expectatives by the agents in an uncertain world, over the period that concerns the adoption of the ...
Jose Caio Racy +1 more
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