Retrieving the vanishing liquidity effect - a threshold vector autoregressive model

Article Abstract:

The application of a threshold vector autoregressive model made it possible to observe the effects of varying monetary policies on both a high-inflation and a low-inflation environment. The result indicated that, in a low-inflation economy, money does not behave in a neutral manner as it affects the output via the liquidity effect. The reverse is true for high-inflation environment where the inflationary forces immediately respond to money growth.

Administration of General Economic Programs, Economic Planning & Research, Usage, Economic conditions, Autoregression (Statistics)

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Monetary policy, stock returns and inflation

Article Abstract:

An analytical framework of monetary policy regime and supply and demand shocks, in determining inflation and stocks situation, is presented. 1930s and 1952 to 1974 periods are taken as examples to empirically study the frame work.

Economic aspects, World War II, 1939-1945, Stock markets, Stock market

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The Taylor rule and the appointment cycle of the chairperson of the Federal Reserve

Article Abstract:

Impact of the appointments of Federal Reserve chairmanships of Paul A. Volcker and Alan Greenspan on inflation, output gap, monetary policy and macro economy is analyzed.

United States, Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Greenspan, Alan, United States. Federal Reserve Board, Macroeconomics, Volcker, Paul A.

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