This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real ex
Weekly Economic Calendar shows future release dates of key economic data and publications used by NSW Treasury for monitoring and analysis. Note: This resource was originally...
Weekly Economic Calendar shows future release dates of key economic data and publications used by NSW Treasury for monitoring and analysis. Note: This resource was originally...
Economists often seek to estimate unobserved variables, representing “equilibrium” or “expected” values of economic variables, as benchmarks against which observed, realised values of these variables
Organisation for Economic Co-operation and Development110
Government spending at the zero lower bound (ZLB) is not necessarily welfare enhancing, even when its output multiplier is large. We illustrate this point in the context of a standard New Keynesian mo
