Matches in SemOpenAlex for { <https://semopenalex.org/work/W4387349125> ?p ?o ?g. }
Showing items 1 to 97 of
97
with 100 items per page.
- W4387349125 endingPage "188" @default.
- W4387349125 startingPage "159" @default.
- W4387349125 abstract "This chapter argues on the limited explanatory and forecasting ability of current monetary policy models and methods in view of radical uncertainty, with special reference to antecedent experience over the past century. Central banks realize that the large-scale asset purchases have uncomfortable fiscal and distributional consequences, in addition to the lack of clarity on the definition of price stability and the concerns about the legitimacy of large balance sheet expansions, which also foster inflationary consequences. The belief in a stable flat Phillips curve—tied to the policymakers’ belief in their own credibility of commitment to control inflation—helps explain why monetary policymakers failed to anticipate the current surge in inflation (even leaving aside the unforecastable war in Ukraine). As COVID-19 was not an ordinary business cycle downturn, it is certainly possible to debate the transmission mechanism between an increase in broad money and its impact on the resurgence of inflation. The assessment of economic slack given the recovery’s uncharted nature prolongs a considerable level of uncertainty. Prolonged supply disruptions, commodity and housing price shocks, longer-term expenditure commitments, and a de-anchoring of inflation expectations could lead to significantly higher inflation than predicted in the baseline." @default.
- W4387349125 created "2023-10-05" @default.
- W4387349125 creator A5041101807 @default.
- W4387349125 date "2023-01-01" @default.
- W4387349125 modified "2023-10-06" @default.
- W4387349125 title "Monetary Theory and Policy: The Implications of Radical Uncertainty" @default.
- W4387349125 cites W1493376445 @default.
- W4387349125 cites W1506556468 @default.
- W4387349125 cites W1528857264 @default.
- W4387349125 cites W1560350676 @default.
- W4387349125 cites W1578180415 @default.
- W4387349125 cites W1587594635 @default.
- W4387349125 cites W1912964553 @default.
- W4387349125 cites W1972190631 @default.
- W4387349125 cites W1978282661 @default.
- W4387349125 cites W2005711429 @default.
- W4387349125 cites W2008506668 @default.
- W4387349125 cites W2061164134 @default.
- W4387349125 cites W2140630989 @default.
- W4387349125 cites W2141857487 @default.
- W4387349125 cites W2145317511 @default.
- W4387349125 cites W2154267219 @default.
- W4387349125 cites W2236906603 @default.
- W4387349125 cites W2607405307 @default.
- W4387349125 cites W2943869326 @default.
- W4387349125 cites W3084775785 @default.
- W4387349125 cites W3111554765 @default.
- W4387349125 cites W3121148014 @default.
- W4387349125 cites W3121956495 @default.
- W4387349125 cites W3123827556 @default.
- W4387349125 cites W3124010463 @default.
- W4387349125 cites W3124442682 @default.
- W4387349125 cites W3124768786 @default.
- W4387349125 cites W3125420330 @default.
- W4387349125 cites W3125813198 @default.
- W4387349125 cites W3125948881 @default.
- W4387349125 cites W3125979291 @default.
- W4387349125 cites W3151765582 @default.
- W4387349125 cites W3210374124 @default.
- W4387349125 cites W4214664405 @default.
- W4387349125 cites W4230643465 @default.
- W4387349125 cites W4231546411 @default.
- W4387349125 cites W4236584637 @default.
- W4387349125 cites W4242057542 @default.
- W4387349125 cites W4252127857 @default.
- W4387349125 doi "https://doi.org/10.1007/978-3-031-41958-4_7" @default.
- W4387349125 hasPublicationYear "2023" @default.
- W4387349125 type Work @default.
- W4387349125 citedByCount "0" @default.
- W4387349125 crossrefType "book-chapter" @default.
- W4387349125 hasAuthorship W4387349125A5041101807 @default.
- W4387349125 hasConcept C121332964 @default.
- W4387349125 hasConcept C126285488 @default.
- W4387349125 hasConcept C139719470 @default.
- W4387349125 hasConcept C162324750 @default.
- W4387349125 hasConcept C165556158 @default.
- W4387349125 hasConcept C17744445 @default.
- W4387349125 hasConcept C188466206 @default.
- W4387349125 hasConcept C195742910 @default.
- W4387349125 hasConcept C199539241 @default.
- W4387349125 hasConcept C200941418 @default.
- W4387349125 hasConcept C2780224610 @default.
- W4387349125 hasConcept C33332235 @default.
- W4387349125 hasConcept C556758197 @default.
- W4387349125 hasConcept C83873408 @default.
- W4387349125 hasConceptScore W4387349125C121332964 @default.
- W4387349125 hasConceptScore W4387349125C126285488 @default.
- W4387349125 hasConceptScore W4387349125C139719470 @default.
- W4387349125 hasConceptScore W4387349125C162324750 @default.
- W4387349125 hasConceptScore W4387349125C165556158 @default.
- W4387349125 hasConceptScore W4387349125C17744445 @default.
- W4387349125 hasConceptScore W4387349125C188466206 @default.
- W4387349125 hasConceptScore W4387349125C195742910 @default.
- W4387349125 hasConceptScore W4387349125C199539241 @default.
- W4387349125 hasConceptScore W4387349125C200941418 @default.
- W4387349125 hasConceptScore W4387349125C2780224610 @default.
- W4387349125 hasConceptScore W4387349125C33332235 @default.
- W4387349125 hasConceptScore W4387349125C556758197 @default.
- W4387349125 hasConceptScore W4387349125C83873408 @default.
- W4387349125 hasLocation W43873491251 @default.
- W4387349125 hasOpenAccess W4387349125 @default.
- W4387349125 hasPrimaryLocation W43873491251 @default.
- W4387349125 hasRelatedWork W1488638671 @default.
- W4387349125 hasRelatedWork W1542856926 @default.
- W4387349125 hasRelatedWork W1572284029 @default.
- W4387349125 hasRelatedWork W1596360283 @default.
- W4387349125 hasRelatedWork W1831066490 @default.
- W4387349125 hasRelatedWork W2073767706 @default.
- W4387349125 hasRelatedWork W2278828098 @default.
- W4387349125 hasRelatedWork W2944769454 @default.
- W4387349125 hasRelatedWork W3121229087 @default.
- W4387349125 hasRelatedWork W3127416766 @default.
- W4387349125 isParatext "false" @default.
- W4387349125 isRetracted "false" @default.
- W4387349125 workType "book-chapter" @default.