منابع مشابه
Should the Central Bank Be Concerned About Housing Prices?
Housing is an important component of the consumption basket. Since both rental prices and goods prices are sticky, the literature suggests that optimal monetary policy should stabilize both types of prices, with the optimal weight on rental inflation proportional to the housing expenditure share. In a two-sector DSGE model with sticky rental prices and goods prices, however, we find that the op...
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Before the crisis, bank regulation relied to a large extent on capital regulation. Liquidity regulation was not widely used. The liquidity problems during the crisis led to calls for liquidity regulation. As a result, the Basel III accord introduced global liquidity standards. An important issue in the construction of such liquidity regulations is the exact nature of the problem they are trying...
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Dr. Nijs et al (1) provided criteria for the classification of central sensitization (CS) pain. Peripheral neuro-pathic pain and nociceptive pain cause CS in the central nervous system if the 2 kinds of pain persist. Therefore, pure peripheral neuropathic pain and pure nociceptive pain are rare in clinical practice. I believe that CS is one of causes of central neuropathic pain. CS pain may be ...
متن کاملCommentary: Should the European Central Bank and the Federal Reserve Be Concerned about Fiscal Policy?
Canzoneri, Cumby, and Diba have written a very good paper on the relationship between fiscal and monetary policy. It is informative, clear, and persuasive. As the title indicates, the analysis deals exclusively with the cases of the United States and the European Union (EU). In a way, however, these are the countries where the discussion on the connection between fiscal and monetary policy is l...
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ژورنال
عنوان ژورنال: Journal of Economic Literature
سال: 2010
ISSN: 0022-0515
DOI: 10.1257/jel.48.1.123