Monetary Policy Independence in the ERM: Was There Any?

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Monetary policy independence in Chile

International financial integration and a high co-movement in risk premia have caused long-term interest rates in developing countries to become highly correlated with long-term interest rates in the main financial centres. Arguably, this reveals a limit to monetary policy independence. We analyse the case of Chile since the early 2000s, showing that exchange rate flexibility and inflation cred...

متن کامل

Policy Games: Coordination and Independence in Monetary and Fiscal Policies

No ONE WOULD dream of designing the human anatomy by disconnecting the controls of the left and right sides of the body. Yet, for the most important economic controls in a modern economy, monetary and fiscal policies, economists today generally endorse the separation of powers as a way of optimizing noninflationary growth. What are the costs and benefits of coordination and independence in macr...

متن کامل

Was Monetary Policy Optimal During Past Deflation Scares?

Countries around the world have fallen into one of the deepest recessions since the Great Depression—a recession exacerbated by a severe financial crisis. Among the challenges that face monetary policymakers in such uncertain times is the danger economies worldwide, including the United States, Japan, and the euro area, may enter a period of deflation, in which the prices of goods and services ...

متن کامل

The Impact of Monetary Policy on the Stock Market Returns and Instability: Comparison of Monetary Policy Tools in Iran

After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and  prevention of the financial  instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period  1992:q2...

متن کامل

In the Beginning, Middle, and End There Was a Garden: Bahram Sadeqi’s Malakut

It seems impossible to think of the Persian art without mentioning the significant presence of gardens. They are present in miniature painting, architecture, and literature. One of the modern works of Persian fiction in which gardens play a significant role is Malakut (1961), a novella by the modern Iranian fiction writer Bahram Sadeqi (1936-1984). The story of this novella begins in a “green g...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2000

ISSN: 1556-5068

DOI: 10.2139/ssrn.231955