Download Brookings Papers on Economic Activity: Fall 2009 by David H. Romer, Justin Wolfers PDF

By David H. Romer, Justin Wolfers

Brookings Papers on monetary job (BPEA) presents educational and company economists, govt officers, and participants of the monetary and company groups with well timed examine on present financial issues.


Editors' Summary

Heeding Daedalus: optimum Inflation and the 0 reduce sure by way of John C. Williams

The Age of cause: monetary judgements over the lifestyles Cycle and Implications for law through Sumit Agarwal, John C. Driscoll, and Xavier Gabaix

Interpreting the radical U.S. financial coverage of 2007-09 through Ricardo Reis

By How a lot Does GDP upward push If the govt. Buys extra Output? via Robert E. Hall

When the North final Headed South: Revisiting the 2930s via Carmen M. Reinhart and Vincent R. Reinhart

Show description

Read or Download Brookings Papers on Economic Activity: Fall 2009 PDF

Best economic policy & development books

Economics for Real People

The second one version of the joys and engaging advisor to the most rules of the Austrian institution of economics, written in glowing prose specifically for the non-economist. Gene Callahan indicates that sturdy economics isn't really approximately executive making plans or statistical types. it truly is approximately humans and the alternatives they make within the actual global.

Digital Integration, Growth and Rational Regulation

This publication makes a speciality of the function of knowledge and conversation applied sciences for fiscal integration, networking and development. Technological and regulatory dynamics are highlighted with recognize to ecu nations and the united states. The research offers with the most problems with rational laws in open economies.

Extra info for Brookings Papers on Economic Activity: Fall 2009

Sample text

Melick. 2005. ” Journal of Futures Markets 25, no. 12 (December): 1203–42. Christiano, Lawrence, Martin Eichenbaum, and Sergio Rebelo. 2009. : National Bureau of Economic Research (October). Clouse, James, Dale Henderson, Athanasios Orphanides, David H. Small, and P. A. Tinsley. 2003. ” Topics in Macroeconomics 3, no. 1, article 12. Coenen, Günter. 2003. ” In Background Studies for the ECB’s Evaluation of Its Monetary Policy Strategy, edited by Otmar Issing. Frankfurt: European Central Bank. Coenen, Günter, Athanasios Orphanides, and Volker Wieland.

Orphanides, Athanasios, and John C. Williams. 2002. ” BPEA, no. 2: 63–118. ———. 2007. ” Journal of Monetary Economics 54, no. 5 (July): 1406–35. Orphanides, Athanasios, Richard D. Porter, David Reifschneider, Robert Tetlow, and Frederico Finan. 2000. ” Journal of Economics and Business 52, no. 1–2: 117–41. , and John M. Roberts. 2006. ” Journal of the Japanese and International Economies 20, no. 3 (September): 314–37. , and John C. Williams. 2000. ” Journal of Money, Credit, and Banking 32, no.

Other factors that have contributed to a somewhat lower equilibrium real rate of return over the past decade, such as the remarkable accumulation of dollar assets by Asian central banks, may well prove temporary as well, leading to an equilibrium real rate of return more like that observed in past decades. Even under his worst-case assumptions, Williams’s results provide modest support at best for an inflation target higher than 2 percent. The main results that he emphasizes concern the stability of output and inflation under a “simple” Taylor rule with one implicit inflation target or another; Williams argues that the greater stability of real activity under an inflation target of 3 or even 4 percent is sufficient to offset the harm done by the COMMENT and DISCUSSION 41 higher average rate of inflation under such rules.

Download PDF sample

Rated 4.69 of 5 – based on 3 votes