2 edition of Monetary policy delegation and optimal wage indexation found in the catalog.
Monetary policy delegation and optimal wage indexation
Iannis A. Mourmouras
by London University, Queen Mary and Westfield College, Department of Economics in London
Written in English
|Statement||by Iannis A. Mourmouras.|
|Series||Economics working paper series / London University, Queen Mary and Westfield College, Department of Economics -- no.342, Economics working paper (London University, Queen Mary and Westfield, Department of Economics) -- no.342.|
"Optimal Monetary and Fiscal Policy with Costly Wage Bargaining" David Arseneau, Federal Reserve Board. November 7 "Human Capital Risk Management: The Optimal Exercise of Career Options" Jonathan Treussard, Boston University. November 14 "Who does Microfinance Fail to Reach? Experimental Evidence on Gender and Microenterprise Returns". Optimal Monetary Policy Under Incomplete Financial Markets when Money is Essential: By Gaetano Antinolfi; Washington University in Saint Louis Enrique Kawamura; Universidad de San Andrés: Presented by: Gaetano Antinolfi, Washington University in Saint Louis ; Session ID Capital Markets and Investment J to Carlson
The monetary-fiscal mix continues to matter, and governments continue to care about deviations of actual output from potential output. Rather the case for delegation of monetary policy rests on the argument that the joint outcome for output and inflation will be better when the choice of the policy mix is not dominated by the fiscal authorities. 5. Full text of "To amend the Bretton Woods agreements act to authorize consent to an increase in the United States quota in the International Monetary Fund: hearings before the Subcommittee on International Trade, Investment, and Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, second sesson, on H.R.
Gross National Product by Sector from Economic Report of the President, Optimal Monetary Policy with Relative Price Distortions Tack Yun Abstract This paper analyzes optimal monetary policy in a sticky price model with Calvo-type staggered price-setting. In the paper, the optimal monetary policy maximizes the expected utility of a representative household without having to rely on a set of linearly approximated.
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Mourmouras (b) shows that wage indexation is inflationary in the sense that it weakens the will of government to fight inflation and delegates monetary policy to a central banker that is less. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol.
85(3), pagesJune. Mourmouras, Iannis A, "Monetary Policy Delegation and Optimal Wage Indexation," Bulletin of Economic Research, Wiley Blackwell, vol. 49(4), pagesOctober.
The paper examines optimal monetary policy delegation in an economy where wages are set strategically by a single economy-wide union whose objectives relate to employment and the real : Phillip Lawler. Downloadable (with restrictions). Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation and shorter contract length than non-membership.
This counteracts the stabilisation policy cost of giving up monetary independence. But more wage flexibility is only an imperfect substitute for an individual monetary policy. Optimal Wage Indexation, Foreign-Exchange Intervention and Monetary Policy with Jacob A.
Frenkel: w Published: Aizenman, Joshua and Jacob A. Frenkel. "Optimal Wage Indexation, Foreign Exchange Intervention and Monetary Policy." American Economic Review, Vol. 75, No.
3, (June ), pp. citation courtesy of. March No Monetary Policy Delegation and Optimal Wage Indexation I. Mourmouras; No Monetary Policy Credibility, Inflation and Long-Run Growth I. Mourmouras; No The Role of Temporal Aggregation in Asset Pricing Tests A.
Roy; No A Satisficing Model of. Changes in the field of central banking over the past two decades have been nothing short of dramatic. Moreover, they have spanned the globe.
They include the importance of central bank autonomy, the desirability of low and stable inflation, and the vital role played by how central banks communicate their views and intentions to the markets and the public more generally. Vol. No. 3, September Published by: Mohr Siebeck GmbH & Co.
Delegation of Authority as an Optimal (In)Complete Contract. Delegation of Authority as an Optimal Wage Indexation and Monetary Policy. Wage Indexation and Monetary Policy (pp.
Profesor Otmar Issing was a member of the Board of the European Central Bank (ECB) from toafter a long career as professor of economics and monetary policy and, from to The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States.
The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary. Wage Indexation and Monetary Policy pp. Frank Heinemann Using Optional Job Rotation Programs to Gauge On-the-Job Learning pp.
Anil Arya and Brian Mittendorf Overlapping Jurisdictions, Proprietary Communities, and Competition in the Realm of Law pp. Edward Stringham Book Review pp. Patrick Schmitz.volume. Author Index of Volume () Arya, Anil Bac, Mehmet Bar-Gill, Oren Barzuza, Michal Beckert, Jens Bebchuk, Lucian Black, Bernard S.
The explanation given by Simonsen () is based on the assumption of lagged wage indexation. For Simonsen is not perfect indexation but lagged wage indexation "the usual type of wage contract found in real life" (p. He points out that the reason is partly to be found in the inevitable information by: 5.
Poole, W. (), Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model, Quarterly Journal of Economics, 85, 33–42 Google Scholar Prebisch R. (), The Economic Development of Latin America and ist Principal Problems, The Economic Bulletin for Latin America, 7, 1–51 Google Scholar.
ALIDOU, Sahawal (): Degree of price rigidity in LICs and implication for monetary policy. Abad, José M and Loeffler, Axel and Zemanek, Holger (): TARGET2 Unlimited: Monetary Policy Implications of Asymmetric Liquidity Management within the Euro Area.
Abbas, Kalbe and Fazal, Husain (): Money, Income and Prices in Pakistan: A Bi-variat and Tri-varate Causility. The Ministry of Finance has denied a news report published in a section of the press suggesting and insinuating a Rs billion cut in the Public Sector Development Programme (PSDP) for the current fiscal year as per briefing by the Finance Secretary to the National Assembly’s Standing Committee on Finance and Revenue the other day.
Nicolae Văcăroiu (Romanian pronunciation: [nikoˈla.e vəkəˈroju]; born on 5 December in Cetatea Albă, now Bilhorod-Dnistrovskyi in Ukraine) is a Romanian politician, member of the Social Democratic Party, who served as Prime Minister between and Before the Revolution he worked at the Committee for State Planning, together with Theodor ed by: Traian Băsescu.
Part I deals with monetary policy in a simple Phillips curve model: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of Cited by: “Rules, Discretion and Reputation in a Model of Monetary Policy.” Journal of Monetary Economics – Barro, Robert and Xavier Sala-I-Martin.
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Trade Policy under Firm-Level Heterogeneity in a Small Economy: w Jan Eeckhout Boyan Jovanovic: Occupational Choice and Development: w Gordon H. Hanson Craig McIntosh: The Great Mexican Emigration: w Bruce A.
Blonigen Benjamin H. Liebman Wesley W. Wilson: Trade Policy and Market Power: The Case of the US Steel Industry.Advanced macroeconomics (4e david romer) 1, 0. Phạm Quang Huy Gửi tin inertia, –, and long-run output-inﬂation tradeoff, n in new Keynesian models, with partial indexation, with wage inﬂation, New political economy, – Optimal Monetary Policy in a Simple Backward-Looking Model.Financial Markets and Monetary Policy Introduction Interest Rates and Monetary Policy Interest Rate Rules and the Price Level Interest Rate Policies in General Equilibrium Liquidity Traps The Term Structure of Interest Rates The Expectations Theory of the Term Structure Policy and the Term.