Structural Distortions and Decentralized Fiscal Policies in EMU [PDF]
The combination of discretionary monetary policy, labor-market distortions and nominal wage rigidity yields an inflation bias as monetary policy tries to exploit nominal wage contracts to address labour-market distortions Although an inflation target ...
Lans Bovenberg, Roel Beetsma
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Maintaining Low Inflation: Money, Interest Rates, and Policy Stance [PDF]
This paper examines the usefulness of considering monetary aggregates when assessing monetary policy stance, and contrasts monetary analysis to the current mainstream monetary policy analysis.
Samuel Reynard
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Investigating the relationship between monetary policy, macro-prudential policy and credit risk in Indonesia banking industry. [PDF]
Heliyon, 2023 Anwar CJ +5 more
europepmc +1 more source
Monetary conservatism and fiscal policy [PDF]
Does an inflation conservative central bank à la Rogoff (1985) remain desirable in a setting with endogenous fiscal policy? To provide an answer we study monetary and fiscal policy games without commitment in a dynamic stochastic sticky price economy ...
Klaus Adam, Roberto M. Billi
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Investigating the monetary policy risk channel based on the dynamic stochastic general equilibrium model: Empirical evidence from Iran. [PDF]
PLoS One, 2023 Peykani P +3 more
europepmc +1 more source
The role of interest rates in Federal Reserve policymaking: discussion [PDF]
Monetary policy - United States ; Interest rates ; Monetary ...
Stephen H. Axilrod
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Regional effects of China's monetary policy during the economic transition period: Based on China's city classification system under the new normal. [PDF]
PLoS One, 2023 Tang L, Ai G, Cai Z.
europepmc +1 more source
What lowered inflation in India: monetary policy or commodity prices? [PDF]
Indian Econ Rev, 2022 Balakrishnan P, Parameswaran M.
europepmc +1 more source
Are there gains from including monetary aggregates and stock market indices in the monetary policy reaction function? A simulation study of recent U.S. monetary policy [PDF]
We study how the inclusion of growth rates of monetary aggregates or changes in stock market indices affects the stabilization performance of optimal monetary policy rules when there is uncertainty about the structure of the economy.
Mandler, Martin
core +1 more source
The role of interest rates in Federal Reserve policymaking [PDF]
Monetary policy - United States ; Interest rates ; Monetary ...
Benjamin M. Friedman
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