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Journal of Information Systems and Operation Management, 2008 While there is uncertainty about the data that enter into economic models and about the parameters that govern economic models, the fact that economists often approach macroeconomic data armed with different models of the economy suggests that uncertainty, or ambiguity, about the model could also be potentially important.
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Monetary Policy in the UK [PDF]
Fiscal Studies, 1994 This is the text of the IFS Annual Lecture 1994 delivered at the Chartered Accountants’ Hall, London on 1 June 1994.
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2002
The past several years have seen very rapid development in the area of monetary policy analysis.1 A welcome aspect is the convergence of approaches used by academic and central-bank economists. For example, examination of a notable NBER conference volume2 and/or a special issue of the Journal of Monetary Economics (Vol.
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The past several years have seen very rapid development in the area of monetary policy analysis.1 A welcome aspect is the convergence of approaches used by academic and central-bank economists. For example, examination of a notable NBER conference volume2 and/or a special issue of the Journal of Monetary Economics (Vol.
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Monetary Theory and Monetary Policy in the 1970's
Journal of Money, Credit and Banking, 1972A. B. Cramp +3 more
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2008
Today monetary policy is the principle way in which governments influence the macroeconomy To implement monetary policy the monetary authority uses its policy instruments (short-term interest rates or the monetary base) to achieve its desired goals of low inflation and real output close to potential.
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Today monetary policy is the principle way in which governments influence the macroeconomy To implement monetary policy the monetary authority uses its policy instruments (short-term interest rates or the monetary base) to achieve its desired goals of low inflation and real output close to potential.
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The Conduct of Monetary Policy
The Economic Journal, 1989Nowadays the Central Bank of a country is the monopoly supplier of legal tender currency. The commercial banks are committed to making their deposits convertible at par into such currency. So the banks need to keep reserves in the form of currency and deposits at the Central Bank.
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Monetary policy rules and U.S. monetary policy
Journal of Post Keynesian Economics, 2008An inflation-augmented Atesoglu monetary policy rule is introduced. The Atesoglu rule is based on an estimate of the neutral rate of interest of Keynes. Actual Fed monetary policy and policy implied by Atesoglu rules are compared. During the 1994:2-2006:4 period, monetary policy suggested by the inflation-augmented Atesoglu rule is closer to that ...
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Housing and Monetary Policy [PDF]
, 2007 My remarks focus on the relationship between monetary policy and the recent turmoil in the markets for housing, housing finance, and beyond. I begin with a review of the period leading up to the crisis. I then use this review as a basis for discussing the role of monetary policy in resolving such crises and preventing future crises.
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Communication and Monetary Policy [PDF]
, 2003 One role of monetary policy is to coordinate expectations in the economy and greater transparency of monetary policy may lead to greater coordination. But if transparent monetary policy helps coordinate expectations, then it must also magnify mistakes.
Jeffrey D. Amado +2 more
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