Oxford Index Browse

You are looking at 1-15 of 15 items for:

Social Sciences x Economic Development and Growth x Monetary Policy, Central Banking, and the Supply of Money and Credit x clear all

China’s Pseudo-monetary Policy

Yongheng Deng, Randall Morck, Jing Wu and Bernard Yeung.

in Review of Finance

March 2015; p ublished online June 2014 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Financial Regulation; Corporate Regulation; Development Planning and Policy; Housing Markets, Production Analysis, and Business Location. 13490 words.

China’s monetary stimulation after the global financial crisis rapidly boosted its GDP. We argue that its efficacy derives from state control over its banking and corporate sectors. Beijing...

Economic Shocks and Subjective Well-Being: Evidence from a Quasi-Experiment

Jacob Gerner Hariri, Christian Bjørnskov and Mogens K. Justesen.

in The World Bank Economic Review

January 2016; p ublished online March 2015 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Public Economics; Welfare and Poverty; Development Planning and Policy. 8760 words.

This article examines how economic shocks affect individual well-being in developing countries. Using the case of a sudden and unanticipated currency devaluation in Botswana as a...

Implications of food subsistence for monetary policy and inflation

Rafael Portillo, Luis-Felipe Zanna, Stephen O’Connell and Richard Peck.

in Oxford Economic Papers

July 2016; p ublished online July 2016 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Development Planning and Policy; Economic Growth and Aggregate Productivity. 11113 words.

We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural...

Inflation targeting and macroeconomic performance since the Great Recession

Thomas Barnebeck Andersen, Nikolaj Malchow-Møller and Jens Nordvig.

in Oxford Economic Papers

July 2015; p ublished online March 2015 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 7538 words.

Has inflation targeting (IT) conferred benefits in terms of economic growth on countries that followed this particular monetary policy strategy during the crisis period 2007–13? We answer...

Go to »  abstract

Is There a Case for Formal Inflation Targeting in Sub-Saharan Africa?

James Heintz and Léonce Ndikumana.

in Journal of African Economies

May 2011; p ublished online May 2011 .

Journal Article. Subjects: Economywide Country Studies; Prices, Business Fluctuations, and Cycles; Monetary Policy, Central Banking, and the Supply of Money and Credit. 13416 words.

This paper examines the question of whether inflation-targeting monetary policy is an appropriate framework for Sub-Saharan African countries. The paper presents an overview of inflation...

Macroeconomic constraints to growth of the Brazilian economy: diagnosis and some policy proposals

Jose Luis Oreiro, Lionello F. Punzo and Eliane C. Araújo.

in Cambridge Journal of Economics

July 2012; p ublished online May 2012 .

Journal Article. Subjects: Economywide Country Studies; International Economics; Monetary Policy, Central Banking, and the Supply of Money and Credit. 9876 words.

The recent accelerated expansion of the Brazilian economy, from 2004 to 2007, was driven by exports and gross fixed capital formation. Although this pace of growth is more robust than it...

Go to »  abstract

Making sense of a crank case: monetary diversity in Argentina (1999–2003)

Georgina M. Gómez and Paolo Dini.

in Cambridge Journal of Economics

September 2016; p ublished online July 2016 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Development Planning and Policy; Economic Sociology. 9898 words.

Based on empirical data, this study discusses the introduction, acceptance and circulation of two complementary currencies in Argentina that do not fit well in the main approaches to the...

Measuring and Mending Monetary Policy Effectiveness under Capital Account Restrictions: Lessons from Mauritania

Robert Blotevogel.

in Journal of African Economies

June 2014; p ublished online February 2014 .

Journal Article. Subjects: Economywide Country Studies; Economic Development; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 9199 words.

I propose a new approach to identifying exogenous monetary policy shocks in low-income countries with capital account restrictions. In the case of Mauritania, a domestic repatriation...

Note on ‘Growth, cycles, and stabilization policy’

Ragchaasuren Galindev.

in Oxford Economic Papers

January 2009; p ublished online July 2008 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Prices, Business Fluctuations, and Cycles; Monetary Policy, Central Banking, and the Supply of Money and Credit. 1871 words.

This note presents an analysis which generalizes the results reached by Blackburn and Pelloni (2005) on the relationship between short-term stabilization policy and long-term growth by...

Go to »  abstract

Productivity growth and volatility: how important are wage and price rigidities?

Barbara Annicchiarico and Alessandra Pelloni.

in Oxford Economic Papers

January 2014; p ublished online April 2013 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Prices, Business Fluctuations, and Cycles; Monetary Policy, Central Banking, and the Supply of Money and Credit. 6549 words.

We study the implications of having different sources of nominal rigidities on the relationship between productivity growth and shocks volatility in a model with procyclical R&D and...

Go to »  abstract

Sources of Inflation in Sub-Saharan Africa

Régis Barnichon and Shanaka J. Peiris.

in Journal of African Economies

November 2008; p ublished online February 2008 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Prices, Business Fluctuations, and Cycles; Monetary Policy, Central Banking, and the Supply of Money and Credit. 5235 words.

This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap and the real money gap. Using heterogeneous panel...

Stagnant productivity and low unemployment: stuck in a Keynesian equilibrium

Wendy Carlin and David Soskice.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Economic Growth and Aggregate Productivity. 10060 words.

Abstract

A major challenge is to build simple intuitive macroeconomic models for policy-makers and professional economists as well as students. A specific...

Stagnation Traps

Gianluca Benigno and Luca Fornaro.

in The Review of Economic Studies

July 2018; p ublished online November 2017 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Technological Change; Research and Development; Economic Growth and Aggregate Productivity. 23962 words.

Abstract

We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high...

Towards a Rule-based Approach to Monetary Policy Evaluation in Sub-Saharan Africa

Stephen A. O'Connell.

in Journal of African Economies

May 2011; p ublished online May 2011 .

Journal Article. Subjects: Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Development Planning and Policy; Agricultural Economics; Monetary Policy, Central Banking, and the Supply of Money and Credit; Economic Development. 10023 words.

I review the three-equation AS/IS/MP model that is at the core of the dynamic stochastic general equilibrium (DSGE) models in use within central banks in the industrial countries. Monetary...

What does excess bank liquidity say about the loan market in Less Developed Countries?

Tarron Khemraj.

in Oxford Economic Papers

January 2010; p ublished online May 2009 .

Journal Article. Subjects: Market Structure, Firm Strategy, and Market Performance; Banking; Monetary Policy, Central Banking, and the Supply of Money and Credit; Economic Development. 7602 words.

Evidence about commercial banks’ liquidity preference says the following about the loan market in less developed countries (LDCs): (i) the loan interest rate is a minimum mark-up rate; (ii)...

Go to »  abstract