Results 11 to 20 of about 29,514,652 (297)
Price level targeting with evolving credibility
Journal of Monetary Economics, 2020 We examine global dynamics under learning in a nonlinear New Keynesian model when monetary policy uses price-level targeting and compare it to inflation targeting.
S. Honkapohja, K. Mitra
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Stable Price Level and Changing Prices [PDF]
, 2005 The paper investigates the relationship between relative price movements and changes in the aggregate price level using monthly data on Finland's Consumer Price Index and its components from the period covering the past eight and a half years. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very
Suvanto , Antti, Hukkinen , Juhana
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A Central Bank Theory of Price Level Determination
American Economic Journal: Macroeconomics, 2020 This paper develops a theory in which the central bank can control the price level without fiscal backing. It is shown that the remittances policy and the balance sheet of the central bank are important elements to specify.
Pierpaolo Benigno
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THE PRICE LEVEL, THE QUANTITY THEORY OF MONEY, AND THE FISCAL THEORY OF THE PRICE LEVEL [PDF]
Scottish Journal of Political Economy, 2006 ABSTRACTThis paper examines price‐level determination from the perspective of portfolio choice. Arbitrages among money balances, bonds, and investment goods determine their relative demands. Returns to real balance holdings and after‐tax returns to investment goods determine the relative values of nominal and real assets.
David B. Gordon, Eric M. Leeper
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Some issues in monetary economics
PSL Quarterly Review, 2014 Basic issues in monetary theory are presently being debated and increasing attention is being directed to a number of rather technical questions. Moreover, the growing interest among monetary theorists in defining instrument and policy variables that are
D.I. FAND
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Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2017 The main aim of this paper is to investigate relationships between selected macroeconomic variables – interest rate, price level, money supply and real GDP – in the Czech Republic in order to find out definite implications of its interactions and give ...
Tomáš Urbanovský
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Six months of Italian economic policy
PSL Quarterly Review, 2014 The anti-inflationary policy introduced by Einaudi at a time of acute monetary crisis in Italy had results in the autumn of 1947 that were scarcely hoped for: the arrest of the rising price level and the beginning of a reverse movement.
L. FEDERICI
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THE INFLATION-GROWTH NEXUS: A SYSTEMATIC REVIEW OF INTERNATIONAL EVIDENCE [PDF]
Financial StudiesThis paper provides a systematic review of the empirical literature on the relationship between inflation and economic growth. By synthesising findings from 60 studies, we analyse the impact of inflation on growth, the presence of threshold effects, and ...
Deogratius KIMOLO +2 more
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The French system of monetary and credit controls
PSL Quarterly Review, 2014 The article presents French monetary and credit controls as a coherent system, displays the inner logic of this system and evaluates its implications for policy objectives related to growth, the price level and balance-of-payments.
D.R. HODGMAN
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Pricing to market at firm level [PDF]
Review of World Economics, 2004 This paper analyzes the influence of exchange rate variations on prices in foreign and home markets using firm data. The theoretical benchmark, based on the literature of pricing to market, also takes into account some hypotheses about the effects of demand variations and market power on prices. The empirical analysis for the Spanish economy points out
Moreno Martin, Lourdes +1 more
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