Demand-side Innovation Policies

Demand-side Innovation Policies PDF

Author: OECD

Publisher: OECD Publishing

Published: 2011-05-17

Total Pages: 190

ISBN-13: 9264098887

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This book examines dynamics between demand and innovation and provides insights into the rationale and scope for public policies to foster demand for innovation.

Monetary Policy Alternatives at the Zero Bound

Monetary Policy Alternatives at the Zero Bound PDF

Author: Ben S. Bernanke

Publisher: www.bnpublishing.com

Published: 2009-03

Total Pages: 0

ISBN-13: 9781607961055

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The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on "non-standard" policy alternatives. To assess the potential effectiveness of such policies, we analyze the behavior of selected asset prices over short periods surrounding central bank statements or other types of financial or economic news and estimate "noarbitrage" models of the term structure for the United States and Japan. There is some evidence that central bank communications can help to shape public expectations of future policy actions and that asset purchases in large volume by a central bank would be able to affect the price or yield of the targeted asset.

EMU @ 10

EMU @ 10 PDF

Author: European Commission. Directorate-General for Economic and Financial Affairs

Publisher: European Communities

Published: 2008

Total Pages: 328

ISBN-13: 9789279083846

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This publication series appears six times a year, and contains important reports and communications from the Commission to the Council and the European Parliament on the economic situation and developments.

Behavioural Finance

Behavioural Finance PDF

Author: James Montier

Publisher: John Wiley & Sons

Published: 2002-10-11

Total Pages: 0

ISBN-13: 9780470844878

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A concrete guide that links the theory of behavioral finance with applications in financial products Behavioral finance is a rapidly expanding field, with major implications for the way in which the investment process is conducted. Behavioural Finance links the concepts of behavioral finance to measurable variables and smarter investment decision making. Comprehensive coverage relating theory to practical investment analysis provides a usable, practical guide for real-world situations.

The Exchange Rate System

The Exchange Rate System PDF

Author: John Williamson

Publisher: Peterson Inst for International Economics

Published: 1985

Total Pages: 110

ISBN-13: 9780881320343

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Now available directly from: IIE 11 Dupont Circle, NW Washington, DC 20036 Tel: (202) 328-9000 This book examines the system of flexible exchange rates, estimating misalignments of major currencies and analyzing costs and benefits of volatility and deviations from equilibrium. It considers target zones, reference rates, and other alternatives for stabilizing the system.

Japanese Monetary Policy

Japanese Monetary Policy PDF

Author: Kenneth J. Singleton

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 208

ISBN-13: 0226760685

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How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success. The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity. This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.