A model of the Federal Reserve Act under the international gold standard system

Article Abstract:

Federal Reserve Act's external policy goal is based on international gold standard, and its domestic policy is based on Real Bills Doctrine. The two-country model of Freeman shows that efficiency of equilibrium can be enhanced if central banks supply fiat money elastically both in the domestic credit market and foreign exchange market.

Credit market, Credit markets, Foreign exchange market

---

Technology shocks and monetary policy: assessing the Fed's performance

Article Abstract:

The Fed's systematic response to technology shocks is described. This response is evaluated by simple monetary policy rule.

Monetary policy

---

Supply-side reforms and learning dynamics

Article Abstract:

Implication of a supply side reform in the form of a capital tax cut on adaptive response is examined.

Supply-side economics, Capital levy, Capital taxes

Similar abstracts:

• Abstracts: Stages of growth in economic development. The economic case for international labour standards
• Abstracts: Sectoral and regional analysis of the consequences of Russia's accession to the World Trade Organization: assessments of costs and benefits
• Abstracts: Welfare costs of sticky wages when effort can respond. Optimal fiscal policy under multiple equilibria. Should fiscal policy be different in a non-competitive framework?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.