Pressure mounts on policy restrictions

Modeling the foreign exchange market pressure in the monetary policy of the Iranian economy with a Dynamic Stochastic General Equilibrium approach

Exchange rate fluctuations and the degree of central bank intervention in the foreign exchange market through foreign reserves simultaneously determine the foreign exchange market pressure. This concept is considered as one of the important indicators related to the behavior of monetary authorities in policy-making, which affects other economic variables through foreign trade channels and infla...

A Study on Performance of Simplified Vehicle Models in Optimization of Hydraulic Engine Mounts in Comparison with Full-Vehicle Model

Vibration control of an automotive engine using active mounts

In this research, vibration control of national engine (EF7) using active mounts is studied for two different mounting layouts. The first layout is based on the current engine mounting of national engine (system of three passive mounts), but the hydraulic mount is substituted by an active mount. The other mounting layout contains 4 mounts, 2 of which are active ones and the others are passive m...

THE MACROECONOMIC EFFECTS OF FISCAL RULES IN THE U.S. STATES∗ Antonio Fatás and Ilian Mihov INSEAD and CEPR

Fiscal policy restrictions are often criticized for limiting the ability of governments to react to business cycle fluctuations. Therefore, the adoption of quantitative restrictions is viewed as inevitably leading to increased macroeconomic volatility. In this paper we use data from 48 U.S. states to investigate how budget rules affect fiscal policy outcomes. Our key findings are that (1) stric...

Some Simple Economics of Eco - Tourism ∗ NZ

This presentation will discuss a couple of arguments concerning public policy towards the management of tourism driven by natural attractions. Such attractions are public assets, but are priced at zero for private entrepreneurs for whom they are an essential input. The first argument I will address is that this is economically inefficient. Second, while price discrimination between domestic and...