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В разделе собрана информация о статьях по экономике, социологии и менеджменту. Во многих случаях приводятся полные тексты статей. (подробнее...)

Economics Letters

Выпуск N1 за 2007 год

Опубликовано на портале: 03-12-2007
Patrick Fève, Julien Matheron, Céline Poilly Economics Letters. 2007.  Vol. 96. No. 1. P. 97-102. 
We investigate identification issues in estimated Taylor rules. Embedding two alternative views about monetary policy, inertia versus serially correlated shocks, in a single equation, we show that using euro data, it is impossible to discriminate between these two competing representations.
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Опубликовано на портале: 03-12-2007
Jonathan G. James, Phillip Lawler Economics Letters. 2007.  Vol. 96. No. 1. P. 77-83. 
We assume that, while the central bank has an information advantage in respect of aggregate productivity shocks, the private sector has superior knowledge of local disturbances. It is shown that there is no policy trade-off between inflation and employment stability: moreover macroeconomic outcomes are independent of the weight assigned to inflation by the central bank.
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