This paper draws from Japan׳ s recent monetary experiment to examine the effects of an
increase in the inflation target during a liquidity trap. We review Japanese data and examine …

When used to examine disinflation monetary policies, the current workhorse dynamic
stochastic general equilibrium model of business cycle fluctuations is able to quantitatively …

Empirical studies show that successful disinflations entail a period of output contraction.
Using a medium-scale New Keynesian model, we compare the effects of disinflations of …

Recently, China has experienced a surge in patenting and become the leading applicant
nation worldwide. The technological substance of this growth, however, has become …

To identify the labor market reforms that offer the highest payoff, we develop a medium-scale
two-country model representing a currency union featuring real and nominal rigidities and …

Purpose This paper analyzes real and welfare effects of a permanent change in inflation
rate, focusing on macroprudential policy'role and its interaction with monetary policy …

It is widely believed that inflation inertia varies with the policy pursued. In a novel
experiment, price setters determine inflation rates and react to a central bank's indicator …

1-INTRODUCTION Economic insecurity means the existence of risks limiting economic
growth. On the other hand, considering that economic insecurity has important effects on …

Dans cet article, nous analysons le taux d'intérêt réel à trois mois pour les Etats-Unis par
l'intermédiaire d'une représentation M-SETAR (Momentum-Self Exciting Threshold …

ناامنی اقتصادی به مفهوم وجود ریسکهای محدودکننده رشد اقتصادی است که تا حد زیادی متأثر از
سیاستهای اقتصادی کشور است. از طرفی برنامه‎ های مقابله با تورم، یکی از مهم‌ترین موضوعات در …‎