Non Linear Dynamics In The Euro Area Demand For Mi
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Non Linear Dynamics In The Euro Area Demand For Mi
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Author : Alessandro Calza
language : en
Publisher:
Release Date : 2006
Non Linear Dynamics In The Euro Area Demand For Mi written by Alessandro Calza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Non Linear Dynamics In The Euro Area Demand For M1
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Author : Alessandro Calza
language : en
Publisher:
Release Date : 2006
Non Linear Dynamics In The Euro Area Demand For M1 written by Alessandro Calza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Nonlinearities In The Dynamics Of The Euro Area Demand For M1
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Author : Alessandro Calza
language : en
Publisher:
Release Date : 2008
Nonlinearities In The Dynamics Of The Euro Area Demand For M1 written by Alessandro Calza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Demand for money categories.
Modelling Bank Lending In The Euro Area
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Author : Leonardo Gambacorta
language : en
Publisher:
Release Date : 2007
Modelling Bank Lending In The Euro Area written by Leonardo Gambacorta and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Bank loans categories.
Reconstructing Keynesian Macroeconomics Volume 2
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Author : Carl Chiarella
language : en
Publisher: Routledge
Release Date : 2013-01-17
Reconstructing Keynesian Macroeconomics Volume 2 written by Carl Chiarella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-17 with Business & Economics categories.
This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. In this second volume the authors present a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics, one that integrates goods, labour and financial markets, and another from the perspective of a conventional type of LM-analysis or interest-rate policy of the central bank. The authors employ rigorous dynamic macro-models of a descriptive and applicable nature, which will be of interest to all macroeconomists who use formal model-building in their investigations. The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume. Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.
A Portfolio Balance Approach To Euro Area Money Demand In A Time Varying Environment
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Author :
language : en
Publisher:
Release Date : 2007
A Portfolio Balance Approach To Euro Area Money Demand In A Time Varying Environment written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Demand for money categories.
Dynamic Approaches To Global Economic Challenges
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Author : Birgit Bednar-Friedl
language : en
Publisher: Springer
Release Date : 2015-09-30
Dynamic Approaches To Global Economic Challenges written by Birgit Bednar-Friedl and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-30 with Business & Economics categories.
This book addresses three big economic challenges from a dynamic perspective: European integration, economic growth, and global climate change. In the light of the recent crises of the European Union (EU), the first part of the book deals with challenges to the real, monetary and fiscal integration of the EU and required institutional adjustments. The second part of the book addresses fundamental challenges of advanced market economies like economic growth and changes of technologies. The final part focuses on the global challenge of climate change from an economic perspective and discusses policy strategies for a successful mitigation of climate change.
Zero Lower Bound And Monetary Policy In The Euro Area
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Author : Lars Protze
language : en
Publisher: Diplomica Verlag
Release Date : 2008-08
Zero Lower Bound And Monetary Policy In The Euro Area written by Lars Protze and has been published by Diplomica Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08 with Business & Economics categories.
Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates approached zero. This Book starts with an overview of monetary policy with the restriction that interest rates can not fall below zero. Then optimal monetary policy in a low inflation environment is treated. This is done by using a New Keynesian model with sticky prices. Therefore the model and the necessary optimality conditions will be derived (this will be done extensively in the appendix). After deriving the optimality conditions it will be shown how optimal monetary policy will be conducted. To evaluate the outcome of monetary policy a welfare function will be derived. It will be shown how the welfare function to evaluate the outcome of monetary policy is derived from the utility function of the household. As a result it will be shown that a price level target is welfare maximizing although most central banks nowadays use an inflation target instead. Reasons for an inflation target will be shown in the discussion of the model. The second part of the book describes the inflation dynamics in the euro area to see what monetary authority shall do to prevent the economy from falling into the vicious circle of deflation. Two wage contracting models that describe inflation dynamics in the euro area reasonably well will be explained, the Fuhrer-Moore und the Taylor contracting. After showing the optimal policy it will be discussed how severe the zero bound in the euro area is and what policy alternatives are left when monetary policy is restricted. Finally the results obtained will be discussed to see the pitfalls of price level targeting. The large appendix provides the complete derivation of the model and the optimality conditions.
Instability And Nonlinearity In The Euro Area Phillips Curve Scholar S Choice Edition
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Author : Alberto Musso
language : en
Publisher:
Release Date : 2015-02-16
Instability And Nonlinearity In The Euro Area Phillips Curve Scholar S Choice Edition written by Alberto Musso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-16 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Econometric Models Of The Euro Area Central Banks
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Author : Gabriel Fagan
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
Econometric Models Of The Euro Area Central Banks written by Gabriel Fagan and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.
This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole. The volume takes stock of the current macroeconometric modelling infrastructure available within the Eurosystem, highlighting not only the structures and main features of the models used but also their purposes and underlying model-building philosophies. A bird s eye view of the key details of the design, structure and characteristics of the models is provided, along with information on the responses of these models to a series of standard economic and policy shocks. This is the first time that a comprehensive description and systematic comparison of the main macroeconomic models has been published. This book will be of great interest to Central Bank and government economists, as well as academics, economists and students with an interest in central banking, econometric modelling, forecasting and macroeconomic policy.