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finance and national bureau of economic research and policy
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- Optimal Monetary and Fiscal Policy in a Currency Union
- This paper lays out a tractable model for fiscal and monetary policy analysis in a currency union, and analyzes its implications for the optimal design of such policies. The model incorporates country-specific shocks and nominal rigidities. Under the assumptions, the optimal monetary policy requires that inflation be stabilized at the...
- White papers 2005-12-01
- Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models
- This paper uses a micro-founded macro econometric modeling framework to investigate the design of monetary policy when the central bank faces uncertainty about the true structure of the economy. It applies Bayesian methods to estimate the parameters of the baseline specification using postwar U.S. data, and then determine the policy...
- White papers 2005-07-01
- Optimal Monetary and Fiscal Policy
- "This paper propose an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky and the only available sources of government revenue are distorting taxes. The linear-quadratic approach allows us to nest both conventional analyses of optimal monetary stabilization...
- White papers 2003-08-13
- Optimal Monetary and Fiscal Policy: A Linear Quadratic Approach
- This article proposes an integrated treatment of the problems of optimal monetary and fiscal policy, for an economy in which prices are sticky and the only available sources of government revenue are distorting taxes. The linear-quadratic approach allows nesting both conventional analyses of optimal monetary stabilization policy and analyses of...
- White papers 2003-08-01
Additional Resources
- CHINA'S 5TH BIGGEST BANK TO ANNOUNCE ESTABLISHMENT
- AsiaInfo Services03-30-2006China's 5th Biggest Bank to Announce EstablishmentBEIJING, Mar 30, 2006 SinoCast via COMTEX -- China will spare no efforts in forming a postal savings bank this year, Cai Esheng, vice chairman with the China Banking Regulatory Commission CBRC addressed at a meeting.The postal savings bank will be controlled and...
- Articles 2006-03-30
- NBER Profile: Richard G. Frank
- Richard G. Frank is the Margaret T. Morris Professor of Health Economics in the Department of Health Care Policy at Harvard Medical School and a Research Associate of the National Bureau of Economic Research. He received his B.A. degree from Bard College and his Ph.D. in economics from Boston University....
- Articles 2000-12-22
- Economic Sense and Nonsense
- Misconceptions of the Global Economy Regarded as one of the world's most influential economic thinkers, Jagdish Bhagwati has had a significant impact on economic discourse in both political and academic circles. He is currently professor of economics and political science at Columbia University and a director at the...
- Articles 2000-09-22
- NBER Profile: James R. Hines, Jr
- James Hines is associate professor of public policy at the John F. Kennedy School of Government at Harvard University, and a faculty research fellow of the National Bureau of Economic Research. He teaches courses on tax policy both in the Kennedy School and in the economics department at Harvard. Hines...
- Articles 1994-09-22
- The Economics of Art Museums
- In December 1989, thirty-nine participants met in a conference to exchange views and information on four themes: (1) The Museum's Collection, (2) The Museum and the Public, (3) Museum Finances, and (4) The Museum and the Government. The conference was organized and hosted by the National Bureau of Economic Research....
- Articles 1993-07-01
- The Macroeconomics of Populism in Latin America
- The papers collected in this volume are research products from a project organized by the National Bureau of Economic Research. The papers note that macroeconomic instability has dominated the economic history of Latin America in the past century. Some of this instability has been exacerbated by the repeated adoption of...
- Articles 1993-04-01
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