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Author: Ben Siu Cheong Fung
Publisher:
ISBN: 9780662256458
Category : Monetary policy
Languages : en
Pages : 20
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Book Description
Author: Ben Siu Cheong Fung
Publisher:
ISBN: 9780662256458
Category : Monetary policy
Languages : en
Pages : 20
Get Book Here
Book Description
Author: Ben S. C. Fung
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Note: The following is a description of the paper and not the abstract as published in the print journal. In this paper new evidence on the transmission of monetary policy shocks across the G-6 countries is presented. Monetary shocks are identified as those that have a proportionate effect on the stock of money and the price level but with no long-run impact on output or the interest rate. The impulse response functions generally suggest that the monetary shock identified can be interpreted as a monetary policy shock. An expansionary shock leads to a rise in the stock of money, a short-run fall in the interest rate, a temporary rise in output, a rise in the price level, and a depreciation of the domestic currency. These results suggest that a simple identification technique can work well in international data. In general, the results of this study support the view that the stock of money has an active role in the transmission of monetary policy and suggest that monetary policy has a limited influence on real variables, such as real output.
Author: Renato E. Reside
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 44
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Book Description
Author: Subrata Ghatak
Publisher: Bloomsbury Publishing
ISBN: 1137021578
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
This book highlights the basic principles of monetary economics and their application to developing countries. Fully illustrated, the new edition includes four entirely new chapters, with material on financial crises, the debates surrounding inflation targeting, and an examination of the role and future of financial institutions.
Author: Charles Evans
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 74
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Book Description
Author: Mr.Bernardin Akitoby
Publisher: International Monetary Fund
ISBN: 1498369952
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
This paper investigates the impact of low or high inflation on the public debt-to-GDP ratio in the G-7 countries. Our simulations suggest that if inflation were to fall to zero for five years, the average net debt-to-GDP ratio would increase by about 5 percentage points over the next five years. In contrast, raising inflation to 6 percent for the next five years would reduce the average net debt-to-GDP ratio by about 11 percentage points under the full Fisher effect and about 14 percentage points under the partial Fisher effect. Thus higher inflation could help reduce the public debt-to-GDP ratio somewhat in advanced economies. However, it could hardly solve the debt problem on its own and would raise significant challenges and risks. First of all, it may be difficult to create higher inflation, as evidenced by Japan’s experience in the last few decades. In addition, un-anchoring of inflation expectations could increase long-term real interest rates, distort resource allocation, reduce economic growth, and hurt the lower–income households.
Author: Aloysius Ajab Amin
Publisher: Springer Nature
ISBN: 3030962253
Category : Business & Economics
Languages : en
Pages : 449
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Book Description
This book provides an overview of the monetary and financial systems seen in Africa. The issues related to these systems are examined to help evaluate their effectiveness in fostering the development of African economies. Economic integration is extensively discussed to highlight variations between different parts of Africa and the specific challenges seen within certain regions. The impact of monetary unions, in particular the CFA franc zone, on economic activities is also explored. This book aims to outline how sustainable development can be achieved in Africa through well-developed financial and monetary institutions and policies. It will be relevant to students, academics and policy makers interested in African and development economics.
Author: Renato E. Reside
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 26
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Book Description
Author: Vladik Kreinovich
Publisher: Springer
ISBN: 3030042634
Category : Technology & Engineering
Languages : en
Pages : 784
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Book Description
This book focuses on structural changes and economic modeling. It presents papers describing how to model structural changes, as well as those introducing improvements to the existing before-structural-changes models, making it easier to later on combine these models with techniques describing structural changes. The book also includes related theoretical developments and practical applications of the resulting techniques to economic problems. Most traditional mathematical models of economic processes describe how the corresponding quantities change with time. However, in addition to such relatively smooth numerical changes, economical phenomena often undergo more drastic structural change. Describing such structural changes is not easy, but it is vital if we want to have a more adequate description of economic phenomena – and thus, more accurate and more reliable predictions and a better understanding on how best to influence the economic situation.
Author: Scott Leonard Baier
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 462
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Book Description
