Results 91 to 100 of about 1,143,555 (207)

Evolutionary Stability of First Price Auctions [PDF]

open access: yes
This paper studies the evolutionary stability of the unique Nash equilibrium of a first price sealed bid auction. It is shown that the Nash equilibrium is not asymptotically stable under payoff monotonic dynamics for arbitrary initial popu- lations.
Fernando Louge, Frank Riedel
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The commpliance of price stability, financial stability and financial efficiency [PDF]

open access: yes
The current financial crisis has prompted significant debate around the proper management of monetary policy and its role in preventing financial crises, particularly when they grow to the size of the one we are now seeing in developed economies.
Florin DUMITER, Marius HERBEI
core  

Sustainability of public finances and automatic stabilisation under a rule of budgetary discipline [PDF]

open access: yes
This paper addresses the question of how a fiscal rule of a general type can preserve the sustainability of public finances and provide automatic stabilisation, taking as given interest rates and price stability.
Marín, José M.
core  

Price Stability and Japanese Monetary Policy [PDF]

open access: yes
For most of the time since 1995, the Japanese price level has declined. Since early 1999, short-term interest rates have mostly remained near zero. Also, starting in 2001, the excess reserves held by banks have risen dramatically.
Hetzel, Robert-L
core  

International Experiences With Different Monetary Policy Regimes [PDF]

open access: yes
In recent years a growing consensus has emerged for price stability as the overriding, long run goal of monetary policy. However, despite this consensus, the following question still remains: how should monetary policy be conducted to achieve the price ...
Mishkin, Frederic S.
core   +1 more source

Low Inflation or Price Stability? A Look at the Issues [PDF]

open access: yes
This paper examines whether monetary authorities should aim for low inflation or price stability. It first outlines and assesses many of the costs of inflation.
Kenny, Geoff, McGettigan, Donal
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EMU-enlargement and the Reshaping of Decision-making within the ECB Governing Council: A Voting-Power Analysis [PDF]

open access: yes
The monetary policy of the European Central Bank (ECB) is the subject matter of this paper. We analyze the prospects for future price stability in an enlarged European Monetary and Economic Union (EMU). At the heart of this study are the potential e®ects
Christian Fahrholz, Philipp Mohl
core  

New International Financial Arrangements [PDF]

open access: yes
The paper addresses three related issues about monetary institutions. First, acting alone countries cannot achieve price and exchange rate stability.
Meltzer, Allan-H
core  

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