the ultimate goal of monetary policy is to achieve price stability and high output. in this regard, central banks usually change the interest rate, liquidity, and money base in order to apply monetary policies. the john b. taylor rule is one of the rules known in the transmission of monetary policy.[1] based on this rule and given the output gap and inflation gap, the central bank increases or ...

This paper aimed to evaluate Water Use Efficiency (WUE) indices for crops and horticulture productions. In doing so, after gathering data from 164 farmers, we investigated water withdrawal cost indices and monetary return per cubic meter of water through two econometric and managerial approaches . Besides, water shadow pricesand dry matters of per cub meter of water were calculated. The results...

The present paper reassesses the role of monetary conservatism in a setting with nominal government debt and endogenous fiscal policy. We assume that macroeconomic policies are chosen by monetary and fiscal policy makers who interact repeatedly but cannot commit to future actions. The real level of public liabilities is an endogenous state variable, and policies are chosen in a non-cooperative ...

Are the recessionary consequences of oil-price shocks due to oil-price shocks themselves or to contractionary monetary policies that arise in response to inflation concerns engendered by rising oil prices? Can systematic monetary policy be used to alleviate the consequences of oil shocks on the economy? This paper builds a dynamic general equilibrium model of monopolistic competition in which o...

The recent crisis has highlighted the need for a “macroprudential policy” ensuring financial stability. One of the key aspects of this forthcoming macroprudential policy is the setting of bank capital requirements conditionally on the state of the economy—what the Basel Committee on Banking Supervision (2010) calls the “countercyclical capital buffer.” This raises the issue of the interactions ...