Beyond Divine Coincidence

Beyond Divine Coincidence
Author :
Publisher : kassel university press GmbH
Total Pages : 112
Release :
ISBN-10 : 9783737600484
ISBN-13 : 3737600481
Rating : 4/5 (481 Downloads)

Book Synopsis Beyond Divine Coincidence by : Palek, Jakob

Download or read book Beyond Divine Coincidence written by Palek, Jakob and published by kassel university press GmbH. This book was released on 2016-01-01 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the so-called Great Moderation the variability of output, employment and inflation declined substantially in most of the major economies. Because of this positive co-movement the ultimate objective of monetary policy was clear. By stabilizing inflation output will also stay at its potential and the central bank does not face any trade-off between its targets – a situation known as the divine coincidence. With the onset of the financial crisis 2007 these relationships changed. This book contributes to the research on the optimal macroeconomic policy design in the presence of financial frictions. These are incorporated via the cost channel approach into a two-country currency union model. Ultimately, a supply-side effect arises which lowers the efficiency of monetary policy - divine coincidence is not possible any more. Three questions are in the focus of interest of this analysis: What is the optimal monetary policy in the presence of country-specific financial frictions? What role can fiscal policy play? Is macroprudential policy able to improve welfare if the central bank targets a financial stability measure?


Beyond Divine Coincidence Related Books

Beyond Divine Coincidence
Language: en
Pages: 112
Authors: Palek, Jakob
Categories:
Type: BOOK - Published: 2016-01-01 - Publisher: kassel university press GmbH

DOWNLOAD EBOOK

During the so-called Great Moderation the variability of output, employment and inflation declined substantially in most of the major economies. Because of this
Divine Set-Ups Coincidence Or Destiny?
Language: en
Pages: 238
Authors: Kathleen O'Donnell Dew
Categories:
Type: BOOK - Published: 2021-03-23 - Publisher:

DOWNLOAD EBOOK

Are you missing your purpose? You've got everything it takes to live out an extraordinary destiny, created only for you! Your uniqueness is a design to attract
The Divine Language of Coincidence
Language: en
Pages: 304
Authors: Sophie Demas
Categories:
Type: BOOK - Published: 2021-03-02 - Publisher: Mascot Books

DOWNLOAD EBOOK

Sophia Demas did not want to get married, have children, or write a book; the Universe, however, had other plans. In this penetrating memoir, Sophia examines th
Platonism at the Origins of Modernity
Language: en
Pages: 293
Authors: Douglas Hedley
Categories: Philosophy
Type: BOOK - Published: 2007-12-22 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

This collection of essays offers an overview of the range and breadth of Platonic philosophy in the early modern period. It examines philosophers of Platonic tr
More Than a Coincidence
Language: en
Pages: 123
Authors:
Categories: Angels
Type: BOOK - Published: 2015-03-19 - Publisher: 1006 Books

DOWNLOAD EBOOK

Mysterious angels who appear when you need them most, a dream that helped save a life, a voice from beyond the grave-these are just a few of the "coincidences"