Download or read book Household Production Services and Monetary Policy written by Mr.Constant Lonkeng Ngouana and published by International Monetary Fund. This book was released on 2012-08-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to changes in the real wage - the opportunity cost of working at home - and changes in the price of market services. In order to analyze and quantify the implications of this trade-off for monetary policy, I embed a household sector into an otherwise standard sticky price DSGE model, which I calibrate to the U.S. economy. The results of the model are twofold. At the sectoral level, household production augments the service sector's New Keynesian Phillips curve with a sizable extra component that co-moves negatively with the output gap term, lowering the incentive of service sector firms to change their prices. This mechanism endogenously amplifies the real effects of a monetary shock in that sector, unlike in the nondurable goods sector for which households cannot manufacture substitutes at home. At the aggregate level, household production also implies more sluggish prices and a stronger response of real macroeconomic variables to a monetary shock. Some empirical support for this theory is provided.
Download or read book Monetary Policy and the State of the Economy written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2005 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Conduct of Monetary Policy written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1985 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Download or read book The Relationship of Monetary Policy and Rising Prices written by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy and Technology and published by . This book was released on 2011 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Money Production written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy and published by . This book was released on 1997 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Households and Money Supply written by Wolfgang Chr. Fischer and published by BoD – Books on Demand. This book was released on 2013-08-15 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private Households and Money Supply aims to contribute to the knowledge and understanding of the significance of private household production and often this crucial issue had been regarded in the relevant literature of Economics as a quantité négligeable. This research demonstrates that ultimately the development of the private household production is not primarily depending on the level of the economic division of labour, but substantially depending on the realised social and economic order and their further development. This study is focused on the development of private household production and its various factors which could help to minimize the loss of a buffer function for times of economic downturn. Once the ability to establish a self-sufficient household with most of its vital areas of production for instance of nutrition, storage, shopping, cleaning, clothes, natural domestic production and personal care of household members is lost, the dependency on the market is inevitably created. Income in terms of money has to be the source of the members of the household’s activities to maintain a reasonable living. Subsequently the dependency on the state of affairs of the national economy becomes vital. In particular the cash economy and the inflation are looming miseries for the majority of private households. Given the national economy’s integration into the global market this adds to the dependency on international markets. An important challenge in the future will be how the private household production evolves within Western Societies with their dominant free market concepts, even with various market modifications. Sometimes one may ask whether Aldous Huxley’s thoughts in his book Brave New World will come partially true.
Download or read book Reauthorization of the Defense Production Act of 1950 written by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Future of Money written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy and published by . This book was released on 1995 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget of the Federal Reserve System and Legislation to Increase the Number of Class C Directors at District Banks written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1986 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Guide on Valuing Unpaid Household Service Work written by United Nations Publications and published by Index to Proceedings of the Ge. This book was released on 2018-03-29 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication discusses the concept of unpaid household service work, focuses on identifying methodological and implementation issues with measuring own-use production work of services, and the challenges associated with both the measurement of labour input and the subsequent valuation.
Download or read book Future of the 1 cent Coin written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy and published by . This book was released on 1996 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book H R 2203 and H R 2204 Export Import Bank Tied Aid War Chest Reauthorization and Defense Production Act Reauthorization written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy and published by . This book was released on 1996 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Recovery and the Conduct of Monetary Policy written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1983 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the State of the Economy written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the State of the Economy written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Printing Flaws on the Redesigned 50 Bill written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy and published by . This book was released on 1998 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
