Results 41 to 50 of about 1,040,660 (361)
Monetary Policy and Unemployment [PDF]
, 2010 Much recent research has focused on the development and analysis of extensions of the New Keynesian framework that model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and properties of those models, and their implications for monetary policy.
openaire +8 more sources
Evaluating Monetary Policy [PDF]
SSRN Electronic Journal, 2009 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.
openaire +5 more sources
Choosing the European fiscal rule
Baltic Journal of EconomicsIn order to quantitatively assess the potential effects from the ongoing transformation of the fiscal framework of the European Union, we evaluate the economic and public finance stabilization properties of two benchmark fiscal rules using a New ...
Ginters Bušs +2 more
doaj +1 more source
Sophisticated Monetary Policies [PDF]
Quarterly Journal of Economics, 2008 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
openaire +4 more sources
Complexity and monetary policy [PDF]
International Journal of Central Banking, 2012 The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the state of the economy defines the monetary policy landscape. Using the euro area as laboratory this paper explores the design of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document
Orphanides, Athanasios, Wieland, Volker
openaire +6 more sources
The effects of minimum wage increases on the macro economy, income distribution, and informal wages
Baltic Journal of EconomicsThis paper examines how changes in the minimum wage influence an economy with a substantial informal sector. To achieve this, we simulate the recent minimum wage increase in Latvia, providing a comprehensive assessment of its macroeconomic, sectoral, and
Konstantīns Beņkovskis +3 more
doaj +1 more source
Regime changes in monetary policy and the Expectation Hypothesis of the term structure in Turkey
Journal of Business Economics and Management, 2012 In this study we test the long-run validity of the Expectation Hypothesis of the Term Structure (EHTS) in Turkey by using monthly interest rate series from 2003m1 to 2010m1.
K. Azim Özdemir, Özgür Özel
doaj +1 more source
Journal of Forecasting, 2022 AbstractWe analyze how trust affects the transmission of negative demand and supply shocks using a behavioral macroeconomic model. We define trust to have two dimensions: trust in the central bank's inflation target and trust in the central bank's capacity to stabilize the business cycle.
De Grauwe, Paul, Ji, Yuemei
openaire +3 more sources
Inflation targeting as a monetary policy rule [PDF]
, 1998 The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation ...
Svensson, Lars E. O.
core +6 more sources
Arthritis Care &Research, Accepted Article.Objective The aim of this study was to investigate the cost‐effectiveness of low‐dose colchicine prophylaxis for preventing gout flares when starting allopurinol using the “start‐low go‐slow” approach. Methods Participants with gout, fulfilling the American College of Rheumatology recommendations for starting urate‐lowering therapy and with serum urate
Yana Pryymachenko +4 more
wiley +1 more source