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Is The Fisher Effect For Real A Reexamination Of The Relationship Between Inflation And Interest Rate
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Book Synopsis Inflation, Inequality, Nanotechnology, and Development by : M. Mustafa Erdoğdu
Download or read book Inflation, Inequality, Nanotechnology, and Development written by M. Mustafa Erdoğdu and published by IJOPEC PUBLICATION. This book was released on 2024-06-10 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: High inflation, rising unemployment, and deteriorating inequalities are among the biggest problems facing the globe. Inflation and unemployment exert an upward influence on income inequality and reinforces social inequality. Given that ascending inflation disproportionately impacts individuals with limited financial means, the sharp increase in energy prices, which has also pushed up food prices during 2022-2023, has hit poorer households particularly hard. Inflationary pressures are gradually easing, but core inflation remains elevated and more stubborn than expected. Bitter and bloody wars in Ukraine since February 2022 and the Gaza Strip since October 2023 have cost many lives and devastated many others. The rising geopolitical tensions, and tighter monetary policy are likely to have negative effects on global trade and there is a high risk of rising unemployment and worsening inequalities both within and between countries. This edited book looks for solutions to the problems of inflation, employment, and inequality.
Book Synopsis The Behavioral Economics of Inflation Expectations by : Tobias F. Rötheli
Download or read book The Behavioral Economics of Inflation Expectations written by Tobias F. Rötheli and published by Cambridge University Press. This book was released on 2020-08-13 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: As one of the first texts to take a behavioral approach to macroeconomic expectations, this book introduces a new way of doing economics. Rötheli uses cognitive psychology in a bottom-up method of modeling macroeconomic expectations. His research is based on laboratory experiments and historical data, which he extends to real-world situations. Pattern extrapolation is shown to be the key to understanding expectations of inflation and income. The quantitative model of expectations is used to analyze the course of inflation and nominal interest rates in a range of countries and historical periods. The model of expected income is applied to the analysis of business cycle phenomena such as the great recession in the United States. Data and spreadsheets are provided for readers to do their own computations of macroeconomic expectations. This book offers new perspectives in many areas of macro and financial economics.
Book Synopsis Monetary Theory and Policy, third edition by : Carl E. Walsh
Download or read book Monetary Theory and Policy, third edition written by Carl E. Walsh and published by MIT Press. This book was released on 2010-02-12 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new edition of the leading text in monetary economics, a comprehensive treatment revised and enhanced with new material reflecting recent advances in the field. This text presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy. It covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. Among the topics presented are money-in-the-utility function, cash-in-advance, and search models of money; informational, portfolio, and nominal rigidities; credit frictions; the open economy; and issues of monetary policy, including discretion and commitment, policy analysis in new Keynesian models, and monetary operating procedures. The use of models based on dynamic optimization and nominal rigidities in consistent general equilibrium frameworks, relatively new when introduced to students in the first edition of this popular text, has since become the method of choice of monetary policy analysis. This third edition reflects the latest advances in the field, incorporating new or expanded material on such topics as monetary search equilibria, sticky information, adaptive learning, state-contingent pricing models, and channel systems for implementing monetary policy. Much of the material on policy analysis has been reorganized to reflect the dominance of the new Keynesian approach. Monetary Theory and Policy continues to be the only comprehensive and up-to-date treatment of monetary economics, not only the leading text in the field but also the standard reference for academics and central bank researchers.
Book Synopsis Monetary Theory and Policy by : Carl E. Walsh
Download or read book Monetary Theory and Policy written by Carl E. Walsh and published by MIT Press. This book was released on 2003 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of recent theoretical and policy-related developments in monetary economics.
Book Synopsis Monetary Theory and Policy, fourth edition by : Carl E. Walsh
Download or read book Monetary Theory and Policy, fourth edition written by Carl E. Walsh and published by MIT Press. This book was released on 2017-05-12 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of a comprehensive treatment of monetary economics, including the first extensive coverage of the effective lower bound on nominal interest rates. This textbook presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy. Striking a balance of insight, accessibility, and rigor, the book covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. For the fourth edition, every chapter has been revised to improve the exposition and to reflect recent research. The new edition offers an entirely new chapter on the effective lower bound on nominal interest rates, forward guidance policies, and quantitative and credit easing policies. Material on the basic new Keynesian model has been reorganized into a single chapter to provide a comprehensive analysis of the model and its policy implications. In addition, the chapter on the open economy now reflects the dominance of the new Keynesian approach. Other new material includes discussions of price adjustment, labor market frictions and unemployment, and moral hazard frictions among financial intermediaries. References and end-of-chapter problems allow readers to extend their knowledge of the topics covered. Monetary Theory and Policy continues to be the most comprehensive and up-to-date treatment of monetary economics, not only the leading text in the field but also the standard reference for academics and central bank researchers.
Book Synopsis Interest Rates and Budget Deficits by : Kanhaya L. Gupta
Download or read book Interest Rates and Budget Deficits written by Kanhaya L. Gupta and published by Routledge. This book was released on 2005-10-11 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is first book on this topic Addresses a policy question of great current concern - the role of budget deficits in causing high interest rates Suggests a new methodology to distinguish between the short term and long term effects of budget deficits and other factors which affect interest rates Very up to date statistical techniques for analyzing the data Sample of eleven countries is truly ambitious
Book Synopsis Economic and Management Issues in Retrospect and Prospect by : Eszter Wirth
Download or read book Economic and Management Issues in Retrospect and Prospect written by Eszter Wirth and published by IJOPEC PUBLICATION. This book was released on 2018-11-30 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fisher Hypothesis and Inflation Persistence by : Wensheng Peng
Download or read book The Fisher Hypothesis and Inflation Persistence written by Wensheng Peng and published by International Monetary Fund. This book was released on 1995-11 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an empirical evaluation of the strength of the Fisher effect which predicts a positive relationship between the nominal interest rate and inflation in the postwar period in the five major industrial countries, utilizing recently developed time series techniques. The results suggest that the Fisher effect is stronger in France, the United Kingdom, and the United States than in Germany and Japan. It is argued that the differences in the linkage between the interest rate and the inflation rate as between the two groups of countries are reflected in the time series properties of the inflation rates, which are, in turn, partly attributable to the different extent to which monetary authorities accommodated inflationary shocks. The empirical results have a number of implications for the long-term trend in the SDR interest rate and for the financing of the Fund’s operations.
Book Synopsis Interdisciplinary Researches in Economics and Administration Sciences: Concepts, Researches and Applications by : Ahmet Niyazi ÖZKER
Download or read book Interdisciplinary Researches in Economics and Administration Sciences: Concepts, Researches and Applications written by Ahmet Niyazi ÖZKER and published by Livre de Lyon. This book was released on 2022-12-25 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interdisciplinary Researches in Economics and Administration Sciences: Concepts, Researches and Applications, Livre de Lyon
Book Synopsis The Monetary Policy Strategy of the ECB Reconsidered by : Jordi Galí
Download or read book The Monetary Policy Strategy of the ECB Reconsidered written by Jordi Galí and published by Centre for Economic Policy Research. This book was released on 2004 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: As one of the world's key central banks, the European Central Bank comes under intense public scrutiny. Yet, its constituency is diverse, with different national traditions of central banking and varied views about the conduct of monetary policy. The ECB acts on behalf of all the members of EMU, but belongs to no particular member state. It is accountable to the European Parliament, which has only a very recent tradition of oversight of monetary policy. For these reasons, there is a need for a regular, rigorous, non-partisan and pan-European analysis of the options facing the ECB and the policies it pursues. Monitoring the European Central Bank addresses this need. Written by a team of distinguished academic economists known internationally for their work on macroeconomics and monetary policy, MECB produces a full report and an Update each year. The full report describes the issues faced by the ECB during the preceding year; assesses the policy choices that were made; and sets out the issues likely to arise during the coming year. The Update offers a follow-up to the main report, and is written in the light of the Bank's own annual report. 'Duisenberg record' and the recent review by the ECB of its monetary policy strategy. It finds that the ECB has failed to achieve its stated key objective of avoiding inflation in excess of 2 per cent. Tough rhetoric without delivery has been a strategic mistake. Actual inflation appears to be adrift due to inattentive policy. This could lead to a dangerous and costly-to-correct climb in the inflation rates, unless sufficient attention is paid soon to this issue by the ECB. The ECB should have used its review of the monetary policy strategy to admit this failure and to adjust its inflation target range upwards, bringing words in line with actual policy. It did not, and stresses continuity instead. Money still continues to play too prominent a role in the ECB's stated strategy. The report examines several of the arguments often given for a prominent role of money, and finds none of them convincing. Inflation at present and in the future should be the central focus of the ECB's analysis, not money growth rates. Deflation is a risk that is always present when inflation is low. The ECB should admit this rather than avoi
Book Synopsis Forecasting in the Presence of Structural Breaks and Model Uncertainty by : David E. Rapach
Download or read book Forecasting in the Presence of Structural Breaks and Model Uncertainty written by David E. Rapach and published by Emerald Group Publishing. This book was released on 2008-02-29 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting in the presence of structural breaks and model uncertainty are active areas of research with implications for practical problems in forecasting. This book addresses forecasting variables from both Macroeconomics and Finance, and considers various methods of dealing with model instability and model uncertainty when forming forecasts.
Book Synopsis Introduction of a New Conceptual Framework for Government Debt Management by : Anja Hubig
Download or read book Introduction of a New Conceptual Framework for Government Debt Management written by Anja Hubig and published by Springer Science & Business Media. This book was released on 2013-01-18 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the background of the financial-cum-sovereign debt crisis, government debt managers are currently faced by a challenging environment. One key element in that respect is the analysis and forecast of interest rates, which is important for achieving the strategic objective of low borrowing costs. Anja Hubig develops a new mathematical method to estimate the term structure of interest rates, that is adopted to describe the term structure dynamics within a stochastic setting. The introduced model is capable to capture the complex behavior of the entire yield curve with a reduced set of parameters. It essentially ensures a comprehensive analysis of the costs and risks associated with individual funding strategies, and thus effectively supports the selection of a long-term optimal debt portfolio composition.
Book Synopsis Unit Roots and Structural Breaks by : Pierre Perron
Download or read book Unit Roots and Structural Breaks written by Pierre Perron and published by MDPI. This book was released on 2018-04-13 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue "Unit Roots and Structural Breaks" that was published in Econometrics
Book Synopsis Risk and Business Cycles by : Tyler Cowen
Download or read book Risk and Business Cycles written by Tyler Cowen and published by Routledge. This book was released on 2002-09-26 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories.
Book Synopsis international review of the economics & finance by :
Download or read book international review of the economics & finance written by and published by . This book was released on 2004 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis New Dynamics in Banking and Finance by : Nesrin Özataç
Download or read book New Dynamics in Banking and Finance written by Nesrin Özataç and published by Springer Nature. This book was released on 2022-04-27 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents current developments in the fields of banking and finance from an international perspective. Featuring contributions from the 5th International Conference on Banking and Finance Perspectives (ICBFP), this volume serves as a valuable forum for discussing current issues and trends in the banking and financial sectors, especially in light of the global economic challenges triggered by financial institutions. Using the latest theoretical models, new perspectives are brought to topics such as the global financial markets, international banking and finance, microfinance, fintech, and corporate finance. Offering an opportunity to explore the challenges of a rapidly changing industry, this volume will be of interest to academics, policy makers, and scholars in the fields of banking, insurance, and finance.
Book Synopsis International Research in Social, Human and Administrative Sciences XIX by : Ömer Sezai Şenel
Download or read book International Research in Social, Human and Administrative Sciences XIX written by Ömer Sezai Şenel and published by EĞİTİM YAYINEVİ. This book was released on 2024-05-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social sciences and social scientists have great responsibilities in the development of society and country. As it is known, many phenomena such as reflections of socio-cultural life, human relations, political, legal and economic variables are within the scope of social and human sciences. There are many academic disciplines under the umbrella of social sciences such as international relations, geography, history, law, philosophy, educational sciences, psychology, theology, sociology, linguistics, archeology, political science, musicology, business, tourism. In this context, multidisciplinary scientific studies in these fields are very important and valuable in terms of understanding the present and shedding light on the future.
