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Sophisticated Monetary Policies [PDF]
In standard monetary policy approaches, interest-rate rules often produce indeterminacy. A sophisticated policy approach does not. Sophisticated policies depend on the history of private actions, government policies, and exogenous events and can differ on and off the equilibrium path.
Andrew Atkeson +2 more
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This study examines the impact of the interactions between fiscal and monetary policies on stock market behaviour (ASI) and the impact of the volatility of these interactions on the Nigerian stock market.
Adedoyin Isola Lawal +3 more
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Game of Thrones: Accommodating Monetary Policies in a Monetary Union
In this paper, we present an application of the dynamic tracking games framework to a monetary union. We use a small stylized nonlinear three-country macroeconomic model of a monetary union to analyze the interactions between fiscal (governments) and ...
Dmitri Blueschke, Reinhard Neck
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Minimising Monetary Policy [PDF]
The response of leading central banks to the current financial crisis has raised the magnitude of the financial and governance risks they face. An evaluation of the financial strength of a number of those banks suggests that they are in little danger of being forced by financial losses to alter their policies.
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The article discusses the techniques (or instruments) through which certain monetary policies might be implemented, as opposed to the choice of the policies themselves.
B. BROVEDANI
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Investigating the Effectiveness of the Interest Rate Monetary Policy Tool on Inflation Management in the Condition of the Banking System Imbalance and Analyzing the Imbalance Based on the Requirements of Islamic Banking [PDF]
Investigating the effect of monetary policies on macroeconomic variables through the channels that transmit these policies is one of the most important topics in macroeconomics, because mastering the mechanisms that transmit these policies and the ...
Mohammad Shirijian +3 more
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The Jeffrey and Kathryn Cole Honors College Lecture, Michigan State University, East Lansing, Mich.
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Over the recent two decades, monetary policy has increasingly become the art of managing expectations. As a consequence, central bank communication has become an important instrument in central banks’ toolkits. Central bank communication was initially primarily focused on financial markets.
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Evaluating Monetary Policy [PDF]
Evaluating inflation-targeting monetary policy is more complicated than checking whether inflation has been on target, because inflation control is imperfect and flexible inflation targeting means that deviations from target may be deliberate in order to stabilize the real economy.
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