perc.tamu.edu 1 hen the economy expands too quickly, the Federal Reserve may take steps to slow economic growth by raising short-term interest rates or selling Treasury bonds. Such measures, known as tight monetary policy, reduce the demand for money and curb inflation. However, if restrictive monetary policy actions are unanticipated, they may induce an asset shift from stocks to credit instru...

To date, the study of societal change in social and political psychology has been dominated by an intergroup relations research agenda. But in addition to intergroup dynamics, there are other major pathways to societal change and emancipation, which are almost never systematically considered in psychological research. The distribution of technologies (e.g., “ICT for development”) or money (e.g....

The CMA (Common Monetary Area) is a quadrilateral monetary arrangement encompassing South Africa, Namibia, Lesotho, and Eswatini. four countries have undergone gradual improvement in regional economic integration for the effective coordination of their policymaking. Despite coordination, are still experiencing poor performance. This study traces how shock or an unanticipated change anchor count...

This paper analyzes the dynamic eff ects of anticipated and unanticipated oil price increases in a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. Common external oil price disturbances lead in this asymmetric macroeconomic setup to temporary divergences in output development...

This paper analyzes the dynamic effects of anticipated and unanticipated foreign price increases of imported raw materials for a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. It is shown that both types of input price disturbances lead to temporary divergences in output dev...