[PDF] Top 20 Productivity and monetary policy

... magnitude and importance equivalent to the great inventions of the late 19th and early 20th ...Rise and Fall of American Growth, Gordon reaffirmed his conviction that nothing will be like the second ... See full document

... The monetary stability that followed in the period 1990-2000 was the result of three categories of factors: an increased effectiveness of the monetary policy in fighting inflation, a concurrence of ... See full document

... Although our model uses a very simple rule for the administered price sector, in reality each industry in the sector will have a specific rule that will mostly account for: past inflation, exchange rates movements ... See full document

... of monetary policy, usually using extensions of the Obstfeld and Rogoff (1995) ...autonomous monetary regime (multiple currencies and different monetary policies) and a ... See full document

... (2011) and Rajan (2010)), there is lack of empirical evidence of the phenomenon (Becker and Ivashina ...Gungor and Sierra’s work considered the dynamic risk exposures of Canadian fixed-income mutual ... See full document

... fiscal policy and discretionary monetary policy to avoid inflation might end up being quite weak because not everyone will agree on what price stability means in practice, providing both ... See full document

... framework and main related ...evolved and what future projections ...in monetary policy decisions, as well as the implications for the conduct of monetary ...ageing and the ... See full document

... Based on three versions of a small macroeconomic model for Brazil, this paper presents empirical evidence on the effects of parameter uncertainty on monetary policy rules and on the [r] ... See full document

... run, and is accumulated over retained ...supply and in the economics ...profit and capital, which may cause credit conditions to deteriorate as lower loans supplied to private sector credit, which ... See full document

... modern monetary policy. Goodfriend and King (1997) have labelled this new consensus as ”The New Neoclassical Synthesis and the Role of Monetary Pol- icy”, while Clarida et ...of ... See full document

... Should monetary policy be cyclical? Although this is an old question in monetary economics, there is no general consensus as to the correct ...preferences and technol- ...cyclical ... See full document

... the monetary policy transmission mechanism for the Brazilian ...mium and bank balance sheet channel produce large and persistent ‡uctuations in in‡ation and economic ...spreads ... See full document

... cross-country monetary po- licy rules for the major OECD countries during the 1979Q2 to 1998Q4 pe- ...of monetary policy practices towards a strict anti-inflation policy in the post-1987Q3 ... See full document

... Cooley and Hansen use quarterly data for the ...trend and U.S. quarterly data for the period 1954-1989, Kydland and Prescott (1990) report a correlation coe¢cient of the cyclical deviations of the ... See full document

... Strict Headline Targeting Flexible Headline Targeting Flexible Core Targeting Strict Headline Targeting Flexible Headline Targeting Flexible Core Targeting Welfare gain (in [r] ... See full document

... McMillan and Rodrik (2011) show that between 1990-2005, Asian countries experienced productivity-enhancing structural changes, whereas African and Latin American countries did not experience the same ... See full document

... to and believe reflects a broad consensus among economists can only be one of product growth, productivity and competitiveness, which will confer Portuguese economy a new feature: to become an ... See full document

... empiricists and econometricians, not everyone is so sanguine about ...maturities, and are willing to hold bonds of other maturities if compensated by higher expected ...point and inflation barely ... See full document

... contract and expand the reserves available to depository institutions and they consist of buying and selling government securities – such as Treasury bonds, notes or bills –with the aim of ... See full document

... the monetary policy interest rate and for the ratio bonds and money market instruments to ...valid and that they are not correlated with the ...tests, and as required for the ... See full document