The Impact of Monetary Variables PDF Download
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Author: Michael J. Hamburger
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 54
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Book Description
Author: Michael J. Hamburger
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 54
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Book Description
Author: David A. Currie
Publisher:
ISBN:
Category :
Languages : en
Pages : 74
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Book Description
Author: John B. Taylor
Publisher: University of Chicago Press
ISBN: 0226791262
Category : Business & Economics
Languages : en
Pages : 460
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Book Description
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Author: Mr.Philip R. Gerson
Publisher: International Monetary Fund
ISBN: 1451841604
Category : Business & Economics
Languages : en
Pages : 75
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Book Description
This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies suggest that well-targeted government expenditures on health, education, and infrastructure should have a positive impact on growth. By contrast, the impact of taxation on the supplies of labor and capital, and on output growth, is more muted.
Author: Volbert Alexander
Publisher:
ISBN:
Category :
Languages : en
Pages : 108
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Author: Chia-Yang Hueng
Publisher: Ann Arbor, Mich. : University Microfilms International
ISBN:
Category :
Languages : en
Pages : 284
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Author: Nedeshan Nedeshan
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The exchange rate is an important and useful indicator of Economic performance. High fluctuations in exchange rates create uncertainty on economic activities. USD/LKR exchange rate has depreciated continuously, ignoring small appreciations experienced from time-to-time. Therefore, this study mainly focuses on the monetary variables which affect Sri Lanka-US exchange rate. The estimation is based on 116 monthly observations from January 2010 to august 2019. Nominal exchange rate and monetary variables such as money supply, Real Income and interest rate of Sri Lanka and United State of America are studied by employing cointegration analysis and Error Correction Model. Furthermore, we have used some diagnostic test and special tests to describe the time series properties of the model. The study finds that, there are no evidences to supporting short run relationships between the monetary variables and exchange rate, while there is long-term co-integrating relationships between the nominal exchange rate and monetary variables. The error correction term (ect) is quite small and insignificant, indicating that short - term deviation from long - term equilibrium is restored within more than five years. Findings are statistically significant and correct sign reported for domestic money supply and domestic real income. The results found that variables of the model led to the ability of the flexible price monetary model in explaining future exchange rate movements of Sri Lanka.
Author: Bin Grace Li
Publisher: International Monetary Fund
ISBN: 1484332466
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions capable of detecting a transmission mechanism when one exists, under research conditions typical of these countries? Using small DSGEs as data-generating processes, we assess the impact on VAR-based inference of short data samples, measurement error, high-frequency supply shocks, and other features of the LIC environment. The impact of these features on finite-sample bias appears to be relatively modest when identification is valid—a strong caveat, especially in LICs. However, many of these features undermine the precision of estimated impulse responses to monetary policy shocks, and cumulatively they suggest that “insignificant” results can be expected even when the underlying transmission mechanism is strong.
Author: Ms.Aleksandra Zdzienicka
Publisher: International Monetary Fund
ISBN: 1513519158
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
The Global Financial Crisis has reopened discussions on the role of the monetary policy in preserving financial stability. Determining whether monetary policy affects financial variables domestically—especially compared to the effects of macroprudential policies— and across borders, is crucial in this context. This paper looks into these issues using U.S. exogenous monetary policy shocks and macroprudential policy measures. Estimates indicate that monetary policy shocks have significant and persistent effects on financial conditions and can attenuate long-term financial instability. In contrast, the impact of macroprudential policy measures is generally more immediate but shorter-lasting. Also, while an exogenous increase in U.S. monetary policy rates tends to reduce credit and house prices in other countries—with the effects varying with country-specific characteristics—an increase driven by improved U.S. economic conditions tends to have the opposite effect. Finally, we do not find evidence of cross-border spillover effects associated with U.S. macroprudential policies.
Author: Ramesh Chandra Das
Publisher: Emerald Group Publishing
ISBN: 1789733197
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
The Impacts of Monetary Policy in the 21st Century illustrates the effect of financial policies upon global economic indicators, with special reference made to issues effecting East Asian nations generally and with a particular focus on Indian economic development since 2000.
