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Author: Fabio Canova
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 36
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Book Description
Author: Fabio Canova
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 36
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : it
Pages : 18
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Book Description
Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1475566948
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.
Author: S. Frowen
Publisher: Springer
ISBN: 1349230960
Category : Business & Economics
Languages : en
Pages : 395
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Book Description
These new essays cover aspects of monetary theory as well as monetary policy, the prime objective being the development of intellectual tools in order to find new ways of thinking to existing and new monetary problems in an increasingly unstable world economy marked by rapid and often unexpected changes, partly caused by the disappearance of boundaries for financial transactions. By challenging the orthodox paradigms in monetary economics and generating controversy, the volume will be an essential reference point for economists, central and commercial bankers, businessmen and politicians.
Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1475571194
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.
Author: David D. VanHoose
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 36
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Book Description
Author: Wenshou Yan
Publisher: World Scientific
ISBN: 9811218919
Category : Political Science
Languages : en
Pages : 186
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Book Description
This book seeks to understand the simultaneous economic and political contributors to China's changing agricultural protection levels and the central government's choice of policy instruments to tax or assist farmers. It theoretically explores the motivation behind agricultural trade-related support policies through extending the two-sector specific factors production model to three sectors, so as to make it more relevant for a one-party state such as China. Chapter three tests that theory empirically, using panel data on agricultural distortions for the period 1981 to 2010 from Anderson and Nelgen (2013). The long-running trend in the level of assistance to the farm sector sees considerable fluctuations in support each year, which has been attributed to fluctuations in international prices of agricultural products. Chapter four seeks to explain the Chinese government's responses to world market price fluctuations. In practice, the government does have other instruments besides trade restrictions to alter domestic producer and consumer prices in the face of fluctuating international prices. Chapter five explores the role that public storage policy can play in contributing to the government's objective of stabilizing the domestic market price of farm products. The final chapter of the book draws out implications for policymakers in China and elsewhere.
Author: Mr.Michael Kumhof
Publisher: International Monetary Fund
ISBN: 1451851049
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
This paper provides a monetary model with nominal rigidities that differs from the conventional New Keynesian model with firms setting pricing policies instead of price levels. In response to permanent or highly persistent monetary policy shocks this model generates the empirically observed slow (inertial) and prolonged (persistent) reaction of the inflation rate, and also the recession that typically accompanies moderate disinflations. The reason is that firms respond to such shocks mostly through a change in the long-run or inflation updating component of their pricing policies. With staggered pricing policies there is a time lag before this is reflected in aggregate inflation.
Author: Adam B. Ashcraft
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Monetary policy is a blunt instrument with which to smooth aggregate volatility. I demonstrate that there is actually very little correlation between how much real state income responds to monetary policy and to shocks that prompt aggregate smoothing by the Federal Reserve. This mismatch turns out to be strong enough to imply that while monetary policy might have reduced the variance of aggregate output in the US over the last three decades, it has actually increased the variance of output in a majority of states. Moreover, policy rules that minimize aggregate variance are not equal in the severity of distortions they create in the volatility of state income. Optimal rules that place more weight on price variance typically create the largest distortions while those that place weight on aggregate income volatility create the smallest. In the end, monetary policy has the potential to create large distortions, but need not do so.
Author: David Simchi-Levi
Publisher: Taylor & Francis
ISBN: 9781402079528
Category : Business & Economics
Languages : en
Pages : 840
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Book Description
The Handbook is a comprehensive research reference that is essential for anyone interested in conducting research in supply chain. Unique features include: -A focus on the intersection of quantitative supply chain analysis and E-Business, -Unlike other edited volumes in the supply chain area, this is a handbook rather than a collection of research papers. Each chapter was written by one or more leading researchers in the area. These authors were invited on the basis of their scholarly expertise and unique insights in a particular sub-area, -As much attention is given to looking back as to looking forward. Most chapters discuss at length future research needs and research directions from both theoretical and practical perspectives, -Most chapters describe in detail the quantitative models used for analysis and the theoretical underpinnings; many examples and case studies are provided to demonstrate how the models and the theoretical insights are relevant to real situations, -Coverage of most state-of-the-art business practices in supply chain management.
