On the relevance of distinctions between anticipated, unanticipated expansionary, and unanticipated contractionary monetary policy

Article Abstract:

A study focused on the differences existing between anticipated monetary policy alteration, unanticipated positive-money change and unanticipated negative-money modification when denoting movement in real output. It was also discovered that an asymmetry in the effects of anticipated expansionary and anticipated contractionary monetary policy on output occurred although the null hypothesis of no asymmetry in stimulative/contractionary policy was unacceptable. The unanticipated expansionary monetary policy produced a significant effect equivalent to the unanticipated contractionary policy.

Foreign Monetary Policy NEC, International economic relations, Monetary policy, Money demand

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The effect of price control regulations on firms' equity values

Article Abstract:

A study on the impact of announcements of price control regulations on a company's equity values revealed that effects are influenced by the content of the announcements and how these would affect a company's operations. It focused on data on New Zealand firms dated 1970-1972, during which time three announcements were made. The findings of the study found that the regulations and even the threat of one negatively affect a firm's equity values as well as its security prices. Meanwhile, the relaxation or elimination of price controls positively affect these variables.

Price Levels, Laws, regulations and rules, New Zealand, Price control, Price regulations, Wage price policy

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Currency substitution, seigniorage, and currency crises in interdependent economics

Article Abstract:

In a two country framework, factors like currency preferences, currency substitution and tax policies have a role to play in contributing to the potential for agents in both nations to dump their holding of the foreign currency. These factors influence the probability of a currency crisis in the country that fixes its exchange rate.

Foreign Exchange & Reserves Policy, Evaluation, Foreign exchange, Tax policy

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