Suitable policy instruments for monetary rules

Article Abstract:

The M2 policy instrument satisfied all four requirements for an effective monetary policy during a performance evaluation utilizing altered McCallum's adaptive rule for aiming at nominal GDP levels. The M2 is operational and executes creditably in different macroeconomic models. While on the one hand it effectively adapts to new financial measures or to impacts of binding policy instruments and targets, on the other, it enhances levels of price stability better than historical discretionary policies.

Models, Macroeconomics

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Monetary and exchange rate policy in multisectoral economies

Article Abstract:

The consequences of monetary policy and currency devaluation in different economies are determined by the measure of unionization and openness of the various sectors. This analysis was based on two-sector economy, which is classified as classical/Keynesian in the labor market and traded/nontraded in the product market. Authorities must regard the essential characteristics of the different sectors in the economy prior to the framing policies.

Economics, Research and Development in the Social Sciences and Humanities, Research, Economic policy, Labor economics, Currency devaluation, Devaluation (Currency), Keynesian economics

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The irrelevance of some forms of credit constraints for government monetary and debt policy

Article Abstract:

Credit constraints are examined in relation to Ricardian equivalence and in relation to the impact of government debt and monetary policies.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Consumer Credit Regulation, Laws, regulations and rules, Commercial law, Credit, Consumer credit

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