Optimal LTV rule, given Monetary Policy
The Optimal Instrument Rule of Indonesian Monetary Policy
... its monetary policy instrument, every central bank guides on the purpose it would like to ...an optimal rule of inflation rate that support the output growth in the ...
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Financial Instability and Optimal Monetary Policy Rule
... an optimal monetary policy literature for an open economy where the real exchange rate plays an important role in the ...the optimal monetary policy rule with respect to ...
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Cross-Checking Optimal Monetary Policy with Information from the Taylor Rule
... delegating monetary policy to a central banker who puts some weight on a Taylor rule mitigates the bias of discretionary ...a monetary policy committee that takes consensus deci- sions ...
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Looking for an Optimal Monetary Policy Rule: The Case of Poland under IT Framework
... Foreign private debt restructuring in 1994 as well as the resolution of bad debts problem in the domestic banking system significantly lowered the country risk and induced a large capital inflow. This in turn resulted in ...
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The Optimal Monetary Rule for the Slovak Republic
... the Optimal Monetary Rule in the Slovak Republic Monetary rules can be divided into two basic groups; forward-looking and backward-looking ...quantified monetary policy ...
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Optimal monetary policy
... Broader monetary aggregate: we return to φ 1 = φ 2 = 1, but calibrate φ 3 and φ 4 using data on M 1 instead of domestically held ...under optimal policy; it is -65 basis points, compared to -9 basis ...
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Optimal Monetary Policy
... ABSTRACT Optimal monetary policy maximizes the welfare of a representative agent, given frictions in the economic ...find optimal monetary policy is governed by two ...
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Microfoundations of a Monetary Policy Rule, Poole's Rule
... the monetary authority should use a specific instrument, interest rate or money supply; in other words, argues whether the Central Bank when making use of any instrument; the interest rate, some monetary ...
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Essays on optimal monetary policy under rule-of-thumb behaviour by price setters
... …nds optimal to induce a rise in the real interest rate without having to rely on costly movements in the rate of ...Ramsey-optimal policy is to raise nominal interest rates by more or less the same ...
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Optimal Monetary Stabilization Policy
... the optimal equilib- rium dynamics is that they do not correspond to the equilibrium outcome in the case of an optimizing central bank that chooses its policy each period without making any commitments ...
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Optimal monetary policy and default
... demand, monetary policy can affect incentives to default; determining optimal monetary policy can then be thought of as equivalent to choosing the optimal default ...different ...
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Is a National Monetary Policy Optimal?
... Figure 2: City Unemployment Rate Difference Now we turn our attention to the composition of production. Figures 3 and 4 show the output shares for private goods and services, percentages shown are the goods share, for ...
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Openness and optimal monetary policy
... 5.4 Welfare Results in Representative Economies In this section we examine the welfare cost of pegging the exchange rate for specific combinations of the parameters γ ch , γ ih , γ cn , γ in , γ v , ρ cn , ρ in affecting ...
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Optimal Monetary Stabilization Policy
... the optimal equilib- rium dynamics is that they do not correspond to the equilibrium outcome in the case of an optimizing central bank that chooses its policy each period without making any commitments ...
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Robustly Optimal Monetary Policy
... analysed optimal monetary policy in a model of time-dependent pricing that imposes no restrictions on how the probability of price adjustment depends on the number of periods a price has remained ...
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Learning and optimal monetary policy
... the optimal rational expectations equilibrium, we now study the impact of real-time learning in the ...the optimal rational expectations equilibrium by simulating the learning environment, given an ...
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Optimal Monetary Policy Inertia
... feedback rule, under the assumption that the signal con- tained in variations in current inflation, while weak, is perfectly observed, so that one need only amplify the signal by responding very strongly to ...the ...
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Unconditionally Optimal Monetary Policy
... a monetary policy, under rational expectations, which is optimal "on ...is, given a model of the economy, including knowledge of the time series properties of the underlying shocks, and ...
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Inflation Targeting as a Monetary Policy Rule
... the monetary policy ...in monetary history has an incentive system been set up with such strong incentives for optimal monetary policy ...optimizing monetary policy ...
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Inflation Targeting as a Monetary Policy Rule
... the monetary policy ...in monetary history has an incentive system been set up with such strong incentives for optimal monetary policy ...optimizing monetary policy ...
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