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On Speculative Frenzies and Stabilization Policy

SSRN Electronic Journal, 2022
This paper examines whether tasking central banks with leaning against asset booms can conáict with their existing mandates to stabilize goods prices and output. The paper embeds the Harrison and Kreps (1978) model of speculative booms in a monetary model based on Rocheteau, Weill, and Wong (2018).
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Stabilization Policies

2011
AbstractThis chapter tackles the problem of the stabilization policies of governments that emerge as responses to shocks on the economy. It describes the current trend of using microfounded models for policy analysis. It provides two examples of optimal policies with microfounded models: optimal seigniorage under uncertainty and the non-Walrasian ...
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Policymakers’ Coalitions and Stabilization Policies in the EMU

Journal of Economics, 2003
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Plasmans, Jef   +3 more
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Fiscal Policy and Stabilization in Britain

Journal of Money, Credit and Banking, 1969
In his major work on the Management of the British Economy, published in 1964, which deals with the period up to 1960, Dow concluded that "As far as internal conditions are concerned then, budgetary and monetary policy failed to be stabilizing, and must on the contrary be regarded as having been positively destabilizing" [3, p. 384]. Little pointed out
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Stabilization Policy--the Chilean Case

Journal of Political Economy, 1970
This paper analyzes the design of the stabilization policy, particularly its cost model, which was applied in Chile in 1965, and was then used as the basis for policy in following years. It briefly describes the choice of strategy, develops the analytical model used, sets forth specific policy proposals, and evaluates the results.
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Understanding Policy Reversals and Policy Stability

2017
This chapter discusses structural, institutional, and situational factors that exercise influence on nuclear energy policy decisions. It reviews the respective literatures and introduces the dependent variable, i.e. nuclear energy policy reversals. Building in particular on the work of Kitschelt (1986) and Midttun and Rucht (1994), the chapter then ...
Müller, Wolfgang Claudius   +1 more
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Policy Accommodation and Gradual Stabilizations

Journal of Money, Credit and Banking, 1995
Gradual stabilizations are usually the result of policy accommodation that attempts to avoid the recessionary costs of a sharp reduction of inflation. This paper presents two models that are consistent with the fact that, despite their dislike of inflation, policymakers nevertheless most often choose to adopt accommodative policies and implement ...
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Stabilization with fiscal policy

Journal of Monetary Economics, 2021
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Financial stability and monetary policy

2011
Financial stability and monetary policy.
Erdem Basci, Hakan Kara
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Monetary Policy and Real Stabilization [PDF]

open access: possible, 2002
Monetary policy can achieve average inflation equal to a given inflation target and, at best, a good compromise between inflation variability and output-gap variability. Monetary policy cannot completely stabilize either inflation or the output gap. Increased credibility in the form of inflation expectations anchored on the inflation target will reduce
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