Results 91 to 100 of about 225 (202)
Foreign Exchange Regimes in (Normal Times and) Times of War: Insights From Ukraine
ABSTRACT On February 24, 2022, as Russia invaded, the National Bank of Ukraine switched from a flexible to a fixed‐exchange rate regime. Was this optimal? We develop a tractable but carefully calibrated open‐economy model of Ukraine with nominal rigidities and frictions in international financial markets.
Oliver de Groot, Yevhenii Skok
wiley +1 more source
Trend Inflation and the Costs of Price Dispersion in a Fiscal DSGE Model
ABSTRACT Most inflation‐targeting frameworks allow for a positive trend inflation rate, yet its optimal level remains uncertain. The extended deliberation in South Africa to move from a 3%–6% target band to a 3% target (with a 1% tolerance band) illustrates this tension.
Clinton Joel, Hylton Hollander
wiley +1 more source
Glossary: economics and health. [PDF]
McCartney G +4 more
europepmc +1 more source
Monetary–Fiscal Coordination in South Africa: Aligning the Stars
ABSTRACT Monetary–fiscal policy tensions build‐up when debt is rising and inflation is falling. We introduce the concept of a fiscal‐neutral rate (fiscal r‐star) into a two‐agent new Keynesian dynamic stochastic general equilibrium model estimated with South African data.
Roy Havemann, Hylton Hollander
wiley +1 more source
Monetary easing, liquidity, and profitability: Banks at the zero lower bound during COVID‐19
Abstract In March 2020, during the first quarter of the COVID‐19 pandemic, the Federal Reserve System (Fed) in the U.S. took major decisions within the scope of conventional monetary policy by eliminating reserve requirements for banks and bringing the federal funds rate near zero, toward the so‐called zero lower bound (ZLB).
Mohammad Saiful Islam +2 more
wiley +1 more source
From industrial to digital citizenship: rethinking social rights in cyberspace. [PDF]
Tomasello F.
europepmc +1 more source
ABSTRACT There have been growing calls by scholars for the re‐contextualisation of human resource management (HRM) research to promote greater theoretical understanding and practical relevance. Within this approach, we argue that there is an important role for historical context, macro‐economic policy and industrial relations as an influence on ...
Peter Holland +2 more
wiley +1 more source
ABSTRACT This paper develops the supply chain of economic ideas framework to address how institutional networks coordinate to achieve both stability and change in economic policymaking, arguing that both are products of the same institutional processes with coherence emerging through differentiation rather than convergence. A quantitative text analysis
James D. G. Wood +1 more
wiley +1 more source
The New Politics of EU Industrial Policy: From the Regulatory State to a Transformational State
ABSTRACT Across advanced economies, states are reasserting a more directive role in shaping markets. One prominent expression of this shift is the resurgence of industrial policy as a form of interventionist economic governance. This introduction develops a tripartite framework to analyze contemporary industrial policy in terms of goals, instruments ...
Donato Di Carlo +2 more
wiley +1 more source
Capital in Motion: Synthesizing the Circulation and Reproduction in a Multi‐Sector Growth Model
ABSTRACT This paper analyzes Capital in Motion (CIM) in a capitalist economy, based on Karl Marx's Capital, Volume 2. It examines the circuit of capital, distinguishing between stock and flow variables, and integrates a multi‐sector growth model that combines the circuit and turnover of capital with the reproduction scheme.
Takashi Satoh
wiley +1 more source

