أعرض تسجيلة المادة بشكل مبسط

dc.creator Scheide, Joachim
dc.date 1988
dc.date.accessioned 2013-10-16T06:05:49Z
dc.date.available 2013-10-16T06:05:49Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/491
dc.identifier ppn:042029368
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/491
dc.description The concept of rules for monetary policy has been more and more critized in recent years. The Deutsche Bundesbank is also urged to give up monetary targeting. The idea is that the economic performance could be improved if monetary policy became more pragmatic and was more concerned about slow growth and high unemployment. In reality, however, monetary policy in the past decades has been highly unstable and has thus contributed to business cycle fluctuations and inflation. The intended policy oriented at the production potential has not been followed in West Germany. In this paper, a simple model is used to analyze what could have been expected from a rule similar to the one the Bundesbank has intended to pursue since 1974. The simulations for the period 1972-1987 show that strict application of a k-percent rule would have implied less pronounced cyclical fluctuations of domestic demand and a stable price level on average. This result contradicts the view that rules for monetary policy are useless or even counterproductive.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kiel Working Papers 337
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.subject Geldmengensteuerung
dc.subject Deutschland
dc.title A k-percent rule for monetary policy in West Germany
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط