The monetary transmission mechanism: an empirical framework

Article Abstract:

A simple empirical framework is used to analyze the monetary transmission mechanism. The range of the framework reaches the international level. Changes in the exchange rate play an important function in the transmission mechanism. It is shown that the framework is an effective empirical tool for evaluating policy and for judging the occurrences of monetary transmission mechanism changes.

Analysis, Monetary policy

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Should America save for its old age? Fiscal Policy, population aging, and national saving

Article Abstract:

Potential fiscal responses to an aging population in the United States are evaluated. Factors which influence both consumption and national saving are discussed and future economic management modes suggested.

United States, Economic aspects, Economic policy, Demographic transition

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