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EDWARD ALTMAN GEORGE BENSTON GERALD BIERWAG MARSHALL BLUME RICHARD BREALEY WILLARD CARLETON REW CHEN ELROY DIMSON FRANKLIN EDWARDS ROBERT EISENBEIS WAYNE FERSON MARK FLANNERY CHARLES GOODHART NILS HAKANSSON KOSE JOHN EDWARD KANE GEORGE KAUFMAN RICHARD HERRING ALAN KRAUS DENNIS LOGUE STEWART MYERS STEPHEN SCHAEFER EDUARDO SCHWARTZ KENNETH SCOTT LEMMA SENBET WILLIAM SHARPE JEREMY SIEGEL SEYMOUR SMIDT MARTI SUBRAHMANYAM JAMES VAN HORNE INGO WALTER RICHARD WEST J. FRED WESTON 《实用企业财务杂志》2004,16(1):108-111
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SEBASTIAN SCHMIDT 《Journal of Money, Credit and Banking》2013,45(7):1335-1350
I characterize optimal monetary and fiscal policy in a stochastic New Keynesian model when nominal interest rates may occasionally hit the zero lower bound. The benevolent policymaker controls the short‐term nominal interest rate and the level of government spending. Under discretionary policy, accounting for fiscal stabilization policy eliminates to a large extent the welfare losses associated with the presence of the zero bound. Under commitment, the gains associated with the use of the fiscal policy tool remain modest, even though fiscal stabilization policy is part of the optimal policy mix. 相似文献
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SEBASTIAN G. KESSING 《Journal of Public Economic Theory》2007,9(4):699-710
Individual voluntary contributions to a discrete public good are shown to be strategic complements in a dynamic private provision game. This is in contrast to a public good that can take on any value in a continuum where they are strategic substitutes. 相似文献
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In most of the literature on transparency it has been standard to assume that central banks release truthful information when communicating with the public. However, the monetary policymaker may act strategically and misrepresent private information intending to reduce economic volatility by manipulating inflation expectations. We set up a simple model which includes misrepresentation as a possible action for the central bank and derive some testable implications. The empirical evidence from the analysis of inflation forecasts of six central banks (Brazil, Canada, England, Iceland, New Zealand, and Sweden) is consistent with the existence of strategic forecasting. (JEL E52, E58) 相似文献
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GEOFF W. EDWARDS 《The Economic record》1987,63(2):129-143
A survey is provided of writings between 1978 and 1985 on or directly relevant to Australian agricultural policy. The areas covered are: background and overview; industry policy, including tariff compensation, home consumption price schemes. quotas, input subsidies and futures trading by marketing boards; stabilization; adjustment and the capital market; and macroeconomics and agriculture. An increasingly critical approach has been taken in identifying sources of inefficiency in agriculture and in considering ways of reducing them. Private interest explanations of policy descisions have received serious study and macroeconomic issues have received increasing attention. 相似文献