Indexation, Inflation, and Monetary Policy

Indexation, Inflation, and Monetary Policy PDF Author: Fernando Lefort
Publisher:
ISBN:
Category : Indexation (Economics)
Languages : en
Pages : 332

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Indexation, Inflation, and Monetary Policy

Indexation, Inflation, and Monetary Policy PDF Author: Fernando Lefort
Publisher:
ISBN:
Category : Indexation (Economics)
Languages : en
Pages : 332

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Book Description


Indexation, Inflation and Monetary Policy

Indexation, Inflation and Monetary Policy PDF Author: Lefort Gorchs, Fernando (ed
Publisher:
ISBN:
Category :
Languages : en
Pages : 315

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Indexing, Inflation, and Economic Policy

Indexing, Inflation, and Economic Policy PDF Author: Stanley Fischer
Publisher: MIT Press (MA)
ISBN: 9780262561631
Category : Business & Economics
Languages : en
Pages : 490

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Book Description
Stanley Fischer has brought together this collection of essays in support of the view that mainstream macroeconomics can contribute much that it is both scientifically and socially useful to the analysis of policy issues and controversies.

Monetary Transmission and Financial Indexation

Monetary Transmission and Financial Indexation PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451965400
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
This paper reviews empirical evidence on the operation of the monetary transmission mechanism based on targeting of interest rates on indexed assets in the Chilean economy. The empirical evidence has two policy implications. First, interest rates on indexed assets do not fully reflect real interest rates because of imperfections of backward indexation magnified by the variability of monthly inflation. Second, while substantial adjustments to interest rates on indexed assets affect the cyclical position of output and inflation, there is no evidence of a stable, systematic relationship between these three variables. In contrast, money growth and unexpected inflation play a significant role in the transmission mechanism. This evidence calls for an eclectic approach to monetary policy. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.

The Rationale and Design of Inflation-Indexed Bonds

The Rationale and Design of Inflation-Indexed Bonds PDF Author: Mr.Robert T. Price
Publisher: International Monetary Fund
ISBN: 1451842864
Category : Business & Economics
Languages : en
Pages : 70

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Book Description
A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper surveys debt management, monetary policy, and welfare arguments on the use of inflation-indexed bonds, and relates these to the experiences of various issuers. The paper also considers some important design features of indexed bonds.

Inflation-indexed Treasury Debt as an Aid to Monetary Policy

Inflation-indexed Treasury Debt as an Aid to Monetary Policy PDF Author: United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 204

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Inflation, Unemployment, and Monetary Policy

Inflation, Unemployment, and Monetary Policy PDF Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262692229
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.

An Analysis of the Effects of Indexing for Inflation on Federal Expenditures

An Analysis of the Effects of Indexing for Inflation on Federal Expenditures PDF Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Indexation (Economics)
Languages : en
Pages : 72

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Essays on Inflation and Indexation

Essays on Inflation and Indexation PDF Author: Herbert Giersch
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 112

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Inflation and Unemployment

Inflation and Unemployment PDF Author: Victor E. Argy
Publisher: Routledge
ISBN: 1317216792
Category : Business & Economics
Languages : en
Pages : 398

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Book Description
Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.