Results 11 to 20 of about 150,074 (305)
Gold, Fiat Money, and Price Stability [PDF]
The B.E. Journal of Macroeconomics, 2007 The classical gold standard has long been associated with long-run price stability. But short-run price variability led critics of the gold standard to propose reforms that look much like modern versions of price-path targeting. This paper uses a dynamic stochastic general equilibrium model to examine price dynamics under alternative policy regimes. In
Michael D. Bordo +2 more
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Price Stability in Open Economies [PDF]
Review of Economic Studies, 2003 Summary: This paper studies the theoretical conditions under which price stability is the optimal policy in a two-country open-economy model with imperfect competition and price stickiness. Special conditions on the levels of country-specific distortionary taxation and the intratemporal and intertemporal elasticities of substitution need to be ...
BENIGNO, PIERPAOLO, G. BENIGNO
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Controversies on the Central Bank Main Objective of Price Stability [PDF]
Theoretical and Applied Economics, 2008 In the present study we propose a critical approach to the concept of price stability. In the beginning we have considered a literature review regarding price stability issues.
Vasile Cocris, Bogdan Cãpraru
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Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability [PDF]
SSRN Electronic Journal, 1999 This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the decisions about the price index, the quantitative target and the ...
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Monetary Policy and Price Stability [PDF]
SSRN Electronic Journal, 1999 This paper explores issues that arise in implementing monetary policy under conditions of sustained price stability. We discuss several issues that concern the selection of a central bank's inflation objective under such conditions: price measurement; the behavior of other key variables, particularly wages; and the possible existence of other channels ...
Karen H. Johnson +2 more
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Measuring the Stability of the Price System [PDF]
SSRN Electronic Journal, 2000 Abstract This paper employs the VAR methodology to define and estimate a measure of the stability of the main macroeconomic prices (general price level, nominal exchange rate and nominal interest rate) when subjected to random shocks. A VAR model is a system of stochastic difference equations, so its dynamic properties can be described by its ...
Antonio Fiorencio, Ajax Moreira
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Monetary Policy Strategy in Romania [PDF]
Ovidius University Annals: Economic Sciences Series, 2016 Choosing this research theme was made because some European countries went through aperiod of post-communist transition, moving from a planned economy to a type of market economy,which has been the emergence of new events in monetary policy.
Cristina Burghelea +2 more
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Monitoring money for price stability [PDF]
Journal of Economic Dynamics and Control, 2017 Abstract In this paper, we use a simple model of money demand to characterize the behavior of monetary aggregates in the United States from 1960 to 2016. We argue that the demand for the currency component of the monetary base has been remarkably stable during this period.
Constantino Hevia, Juan Pablo Nicolini
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Unravelling the Effectiveness of Monetary Policy: A Cross-Country Analysis of Macro-economic Goal Performance [PDF]
Social Science Chronicle, 2023 Central banks occupy an indispensable role in the pursuit of crucial economic objectives that underpin a nation’s financial stability and prosperity.
Sedem Akorkor Deih
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WHAT WE KNOW ABOUT THE CONVERGENCE CRITERIA FOR ROMANIA’S [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2015 Knowing the criteria for joining the euro zone is carried out by informing with an adequate economic education. This education must help those interested to know the economic situation of a European nation.
LUCIAN-ION MEDAR, IRINA-ELENA CHIRTOC
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