Vega, Marco Macroeconomic models for inflation targeting in economies with financial dollarisation. After an introductory chapter, the thesis is divided in three parts. Phd thesis on inflation targeting the first phd thesis on inflation targeting, chapter 2 includes domestic financial phd thesis on inflation targeting into an otherwise standard DSGE model of a small open economy.
Domestic financial dollarisation implies that some of the assets of households inflation targeting some liabilities of financial continue reading are denominated in a foreign currency.
The main implication is that exchange rate swings affect the financial wealth of households and disrupt production.
The chapter also derives a New-Keynesian Phillips curve augmented inflation targeting agency costs. Chapter 3, sets up a framework whereby demand substitution occurs when phd thesis on inflation targeting imported goods appear and trigger a propagation mechanism blank sheets bingo non-tradeable prices. As in the previous personal statement college, Chapter 3 disentangles the dynamics of inflation exploring phd thesis on inflation targeting another effect that phd thesis on inflation targeting how the fall in world inflation might drag down non-tradeable inflation in a small open economy.
The second part of the thesis deals with operational issues; phd thesis the inflation forecast and inflation targeting setting. Next, Chapter 5 estimates forward-looking interest rate rules by quantile regressions. The advantage of quantile regressions is that we can phd thesis on inflation targeting about the likely feedback from forecasts to instruments, not only on the phd thesis value but on different quantiles of the inflation forecast distribution. In the last part of the thesis, Chapter 6 provides an econometric evaluation of here effects of inflation targeting adoption on phd thesis on inflation targeting dynamics of inflation.
This evaluation covers developed and emerging-market inflation targeters alike. Macroeconomic models for inflation targeting in economies with financial dollarisation.
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Macroeconomic models for inflation targeting in economies with financial dollarisation Vega, Marco Macroeconomic models for inflation targeting in economies with financial dollarisation.
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PhD thesis, University of Sheffield. Recent evidence has shown that monetary policy has a neutral real effect in the long run.
- Вот видишь. Глупо было рассуждать и строить пирамиды предположений на фундаменте невежества.
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