Modeling small change: a review article

Article Abstract:

Implementation of the monetary system, called standard formula, required several things like a good technology to make coins, understanding of the relevant monetary theory and a government wanting to convert token coins into full-bodied coins on demand. It is argued that problems associated with full-bodied coinage system are not depicted.

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Robust monetary policy with competing reference models

Article Abstract:

The existing literature on robust monetary policy rules has largely focused on the case in which the policymaker has a single reference model. A more promising approach is to consider a range of distinct reference models and to identify rules that provide robust performance across these models.

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Comment on: 'endogenous objectives and the evaluation of targeting rules for monetary policy.'

Article Abstract:

The impact of price stability, on monetary reforms, is examined.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Pricing policies

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