Monetary policy

Short-Run Dynamics of Inflation: Do Monetary and Exchange Rates Policies Matter? A VECM Analysis for Burundi Jean NDENZAKO[1] African Development Bank, Tunis, Tunisia Abstract Using the generalized impulse response analysis advocated by Pesaran and Shin (1998), this paper attempts to empirically investigate the importance of monetary factors in the dynamics of inflation in Burundi. To this end, we employ a vector error autoregression (VECM) model that incorporates as its endogenous variables:

world have to take kinds of monetary policies and fiscal policies to stimulate domestic investment and consumption, hoping that can eliminate the impact of financial crisis and maintain economic growth. As the emerging economic entity in recent years, China has maintained a good momentum of economic growth. To offset the impact of financial crisis on China and continue to maintain steady and rapid economic growth, the Chinese government has adopted a package of loose monetary policies and active fiscal

économique le long des lignes monétaires. Parlons de cette période, on doit commencer par l´état des débats monétaires en R-U au début des années 1980. Il y avait trois choses à prendre en considération à cette époque. La publication de Green Paper Monetary Control. L´introduciotn de ce document était centré sur l´adoption des objectifs monétaires et on a décrit comment sa politique devrait fonctionner dans la pratique. Quelques semaines plus tard, Government´s Medium Term Financial Strategy est apparu

Literature, vol. XXXII, pp. 573-619. BEVERIDGE, S. et C.R. NELSON (1981), « A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the “business cycle” », Journal of Monetary Economics, vol. 7, n° 2, pp. 151-174. BLANCHARD, O. et L.H. SUMMERS (1987), « Fiscal increasing returns, hysteresis, real wages, and unemployment », European Economic Review, vol. 31, n° 3, pp. 543-560. BLANCHARD, O. et L.F. KATZ (1997), « What we

MONETARY AND FISCAL POLICY CO-ORDINATION IN FIJI Faizul Ariff Ali T.K. Jayaraman Working Paper 2001/01 May 2001 Economics Department Reserve Bank of Fiji Suva Fiji The authors wish to acknowledge the helpful comments provided by Mr Savenaca Narube, Governor, Reserve Bank of Fiji and Mr Barry Whiteside, Chief Manager (Currency and Corporate Services). The views expressed are those of the authors and do not necessarily reflect those of the Reserve Bank of Fiji or University of the South

ECONOMICS How is fiscal policy established and implemented in the United States and the European Union? STUDY GROUP PROJECT – COMPARATIVE ECONOMICS Abstract This paper deals with a presentation of the fiscal policy in United States and in the European Union. This is a research proposal paper of the main differences between these policies. In economics, fiscal policy is the use of government expenditure and revenue collection to influence the economy. Fiscal policy can be contrasted with

1634 to 1637 or the French Mississippi bubble in 1719. What are the tools to struggle with a bubble, according to the economists? Thus, we will try to understand what an asset price bubble is, the difficulties to foresee the bubble and how a good policy can tackle the deleterious effects of the bubble after its burst. There is no consensus about the existence of asset price bubbles in the economics world. Well reputed economists claim that even the most famous historical bubbles as well as the

DOCUMENT DE TRAVAIL N° 291 BANKS' FINANCIAL CONDITIONS AND THE TRANSMISSION OF MONETARY POLICY: A FAVAR APPROACH R. Jimborean, J-S. Mésonnier September 2010 DIRECTION GÉNÉRALE DES ÉTUDES ET DES RELATIONS INTERNATIONALES DIRECTION GÉNÉRALE DES ÉTUDES ET DES RELATIONS INTERNATIONALES BANKS' FINANCIAL CONDITIONS AND THE TRANSMISSION OF MONETARY POLICY: A FAVAR APPROACH R. Jimborean, J-S. Mésonnier September 2010 Les Documents de travail reflètent les idées personnelles de

MacMillan g) Keynes J. M. (.) “A tract on monetary reform” h) Tobin J. (1956) “The interest elasticity of the transaction demand for cash”, Review of Economics and Statistics i) Tobin J. (1958) “Liquidity preference as behavior towards the risk”, Review of Economic Studies, vol 25, Feb, pp 65 – 86. j) Tobin J. (1965) “Money and economic growth”, Econometrica, vol 33, pp 671 – 684. k) Friedman, B. and Hahn, F. (1990): Handbook of monetary economics. North Holland l) Stiglitz

Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy. The Bank's roles and functions have evolved and changed over its three-hundred year history. Since its foundation, it has been the Government's banker and, since the late 18th century