Purdah-On the Rationale for Central Bank Silence around Policy Meetings

Central Bank Haircut Policy

The paper develops a model to study the optimal choice of the central bank haircut policy. In the presence of uncertainties regrading liquidity needs and asset prices, there is a trade-off between providing liquidity to constrained agents and controlling the abundance of liquidity in the economy. The choice of the haircut involves balancing impacts on the liquidity positions of agents with diff...

Central Bank Transparency and Monetary Policy Effectiveness

The paper concentrates on the conditions, contingencies and determinants of central bank transparency and communication. From the state of the economy and the quality of national institutions, to the structure of monetary policy committees, the personality of the governor and the nature of the monetary policy framework - with a particular focus on the case of inflation targeting, there i...

the u.s. policy in central asia and its impact on the colored revolutions in the region (the case study of tulip revolution in kyrgyzstan)

چکیده ندارد.

Financialization, Rentier Interests, and Central Bank Policy

I thank Jim Crotty for many helpful suggestions, Bob Pollin for very useful discussions on some of the material presented here, Minsik Choi, Dorothy Power and Max Maximov for excellent research assistance and the Ford and Rockefeller Foundations for essential financial support. All errors, of course, are mine and mine alone. Please send comments and suggestions to: [email protected] 2 Ab...

Central Bank Policy: Some First Principles