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Author : Jeremy Bay Rudd
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (531 download)
Download or read book Inflation Targets, Credibility, and Persistence in a Simple Sticky-price Framework written by Jeremy Bay Rudd and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeremy Bay Rudd
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (11 download)
Download or read book Inflation Targets, Credibility, and Persistence in a Simple Sticky-price Framework written by Jeremy Bay Rudd and published by . This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeremy Rudd
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)
Download or read book Inflation Targets, Credibility, Amd Persistence in a Simple Sticky-price Framework written by Jeremy Rudd and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeremy Bay Rudd
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (566 download)
Download or read book Inflation Targets, Credibility, and Persistence in a Sticky-price Framework written by Jeremy Bay Rudd and published by . This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeremy Bay Rudd
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.E/5 ( download)
Download or read book Inflation Targets, Credibility, and Persistence in a Simple Sticky-price Framework written by Jeremy Bay Rudd and published by . This book was released on 2003 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Davide Debortoli
Publisher : International Monetary Fund
ISBN 13 : 1484311752
Total Pages : 56 pages
Book Rating : 4.4/5 (843 download)
Download or read book Designing a Simple Loss Function for Central Banks written by Davide Debortoli and published by International Monetary Fund. This book was released on 2017-07-21 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple loss functions should feature a high weight on measures of economic activity, sometimes even larger than the weight on inflation. Two main factors drive our result. First, stabilizing economic activity also stabilizes other welfare relevant variables. Second, the estimated model features mitigated inflation distortions due to a low elasticity of substitution between monopolistic goods and a low interest rate sensitivity of demand. The result holds up in the presence of measurement errors, with large shocks that generate a trade-off between stabilizing inflation and resource utilization, and also when ensuring a low probability of hitting the zero lower bound on interest rates.
Author : P. Arestis
Publisher : Springer
ISBN 13 : 0230800769
Total Pages : 317 pages
Book Rating : 4.2/5 (38 download)
Download or read book Advances in Monetary Policy and Macroeconomics written by P. Arestis and published by Springer. This book was released on 2007-02-28 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the key aspects of developments in monetary economics and macroeconomics, such as the New Consensus Macroeconomics, and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics.
Author : Brigitte Granville
Publisher : Princeton University Press
ISBN 13 : 1400846447
Total Pages : 296 pages
Book Rating : 4.4/5 (8 download)
Download or read book Remembering Inflation written by Brigitte Granville and published by Princeton University Press. This book was released on 2013-07-28 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why we need to heed the lessons of high inflation Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy—hinging on expectations and credibility—brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.
Author : Jeremy Bay Rudd
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 (121 download)
Download or read book Can Rational Expectations Sticky-price Models Explain Inflation Dynamics? written by Jeremy Bay Rudd and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William C. Whitesell
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.E/5 ( download)
Download or read book An Inflation Goal with Multiple Reference Measures written by William C. Whitesell and published by . This book was released on 2005 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel M. Covitz
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.E/5 ( download)
Download or read book Market Discipline in Banking Reconsidered written by Daniel M. Covitz and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We find that the risk-sensitivity of bank holding company subordinated debt spreads at issuance increased with regulatory reforms that were designed to reduce conjectural government guarantees, but declined somewhat with subsequent reforms that were aimed in part at reducing regulatory forbearance. In addition, we test and find evidence for a straightforward form of "market discipline:" The extent to which bond issuance penalizes relatively risky banks. Evidence for such discipline only appears in the periods after conjectural government guarantees were reduced"--Abstract.
Author : Ben Bernanke
Publisher :
ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.E/5 ( download)
Download or read book Monetary Policy Alternatives at the Zero Bound written by Ben Bernanke and published by . This book was released on 2004 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on "non-standard" policy alternatives. To assess the potential effectiveness of such policies, we analyze the behavior of selected asset prices over short periods surrounding central bank statements or other types of financial or economic news and estimate "noarbitrage" models of the term structure for the United States and Japan. There is some evidence that central bank communications can help to shape public expectations of future policy actions and that asset purchases in large volume by a central bank would be able to affect the price or yield of the targeted asset"--Abstract.
Author : Claudia M. Buch
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.E/5 ( download)
Download or read book Cross-border Diversification in Bank Asset Portfolios written by Claudia M. Buch and published by . This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gene Amromin
Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.E/5 ( download)
Download or read book From the Horse's Mouth written by Gene Amromin and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tim Bollerslev
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.E/5 ( download)
Download or read book Dynamic Estimation of Volatility Risk Premia and Investor Risk Aversion from Option-implied and Realized Volatilities written by Tim Bollerslev and published by . This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper proposes a method for constructing a volatility risk premium, or investor risk aversion, index. The method is intuitive and simple to implement, relying on the sample moments of the recently popularized model-free realized and option-implied volatility measures. A small-scale Monte Carlo experiment suggests that the procedure works well in practice. Implementing the procedure with actual S&P 500 option-implied volatilities and high-frequency five-minute-based realized volatilities results in significant temporal dependencies in the estimated stochastic volatility risk premium, which we in turn relate to a set of underlying macro-finance state variables. We also find that the extracted volatility risk premium helps predict future stock market returns"--Abstract.
Author : Stephanie Aaronson
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.E/5 ( download)
Download or read book Are Firms Or Workers Behind the Shift Away from DB Pension written by Stephanie Aaronson and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "One of the most striking changes in the composition of household retirement savings over the past 20 years has been the shift from defined benefit to defined contribution pension plans. Understanding the factors underlying this shift is important for determining its impact on retirement saving adequacy. Yet previous research, which has mostly focused on factors affecting all firms, such as regulation or increased longevity, has yielded little consensus. In this study we estimate the contribution of changing workforce characteristics and production environments to the shift in pension coverage. Our findings suggest that, while aggregate factors explain a large part of the movement, changes in worker demand, due to evolving workforce characteristics, also contributed notably. On the supply side, we find support for the theory that technical change has reduced the value of DB plans. These supply and demand factors are particularly important for explaining the significant variation in cross-industry trends in pension coverage"--Abstract.
Author : Mark Carlson
Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.3/5 (121 download)
Download or read book Branch Banking, Bank Competition, and Financial Stability written by Mark Carlson and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
