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Christophe Faugere
This article provides a macro-foundation for why the specific value of 2% is a valid inflation target. The approach postulates that innovations generate transactional cost savings by comparison to barter. The optimal velocity of money is derived as a fun...
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CHINONSO TAMUNOWARIYE, OTEKENARI DAVID ELISHA
Pág. Page:24 - 33Abstract
The CBN's reaction to the highly regarded COVID-19 pandemic had become unavoidable given its critical unfavorable ramifications for both the worldwide and the Nigerian economies. The advancement had prompted "remarkable disturbances in worldwide graceful...
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Hiroyuki Taguchi and Ganbayar Gunbileg
This article aims to examine the monetary policy rule under an inflation targeting in Mongolia with a focus on its conformity to the Taylor principle, through two kinds of approaches: a monetary policy reaction function by the generalized-method-of-momen...
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Luciano Campos
Pág. 05 - 29
I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the potential output and the output gap using the Blanchard-Quah decomposition for this country and compare it to the estima- tions I obtained fo...
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Beldi Lamia,Mouldi Djelassi
Pág. 69 - 78
The political transition in the Arab Spring countries has been accompanied by a deterioration of economic and financial indicators like in the Tunisian case. This paper aims to get a deeper understanding of the nature of the rule that reflects the behavi...
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Esther Barros-Campello, Carlos Pateiro-Rodríguez, J. Venancio Salcines-Cristal, Carlos Pateiro-López
Pág. 97 - 124
In this paper, we discuss the management of monetary policy of the Latin American central banks that have fully established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments. This analy...
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Sander van Cranenburgh, Caspar G. Chorus
Pág. 848 - 867
This paper is the first to study to what extent decision rules, embedded in disaggregate discrete choice models, matter for large-scale aggregate level mobility forecasts. Such large-scale forecasts are a crucial underpinning for many transport infrastru...
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Pei-Tha Gan,Nyuk-Ling Lee,Mohd Yahya Mohd Hussin,Norimah Rambeli
Pág. 1585 - 1590
The motivation for this paper is the external factors can be the important objectives of the monetary policy in a small open economy. This study will extend the standard Taylor rule that initially encompassed output and inflation by adding the exchange r...
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Mete Han Yagmur
Pág. 1392 - 1399
Notwithstanding exchange rate stability concerns in practice, exchange rate arguments are often omitted from monetary policy analysis and simple interest rate rules do not comprise exchange rate arguments even in small open economy set-ups. In order to i...
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José Mauricio Gil León
Pág. 381 - 401
This paper explores the monetary policy positions from different eco-nomic schools of thought, which can be linked to the stability behavior of the economic and financial cycle. As such, it is based on the traditional debate between non-interventionism a...
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