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Browsing by Subject "Monetary economics"
Now showing items 1-3 of 3
Title:The effect of financial depth on monetary transmission
Author(s):PITZEL, Danny; UUSKULA, LennoDate:2007Type of Publication:ArticleAbstract:Several papers have looked at the relationship between country-specific factors and the strength of monetary transmission. For example, Cecchetti (1999) concentrated on legal aspects, while De Grauwe and Storti (2004) ...
Title:An evolutionary theory of inflation inertia
Author(s):ANAGNOSTOPOULOS, Alexis; LICANDRO, Omar; BOVE, Italo; SCHLAG, Karl H.Date:2007Type of Publication:ArticleAbstract:We provide a simple theory of inflation inertia in a staggered price setting framework à la Calvo (1983). Contrary to Calvo's formulation, the frequency of price changes is allowed to vary according to an evolutionary ...