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作者：Cameron, S
作者单位：University of Bradford
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作者：Cobham, D
作者单位：University of St Andrews
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作者：Coakley, J
作者单位：London Metropolitan University
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作者：Akerlof, GA
作者单位：University of California System; University of California Berkeley; Brookings Institution
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作者：Begg, I
作者单位：London South Bank University
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作者：Li, HY; Squire, L; Zou, HF
作者单位：Chinese University of Hong Kong; The World Bank; Wuhan University
摘要：This paper explores the propositions that, income inequality is relatively stable within countries; and that it varies significantly among countries. A new and expanded data set provides broad support for both propositions. Drawing on a political economy and capital market imperfection arguments to explain the intertemporal and international variation in inequality, the empirical analysis shows that the predicted variables associated with the first argument (a measure of civil liberties and th...
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作者：Artis, M; Mizen, P; Kontolemis, Z
作者单位：University of Nottingham; International Monetary Fund
摘要：Establishment of the European Central Bank presents a rare opportunity to define the operations of a central bank without a prior track record. This paper asks what might Ire learnt from the recent experience of inflation targeting at the Bank of England before the ECB specifies an, as yet undefined, operational target. We consider whether there should be single or multiple targets and which inflation measure should be used, if at all. If inflation is targeted then a forecast of its value beco...
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作者：Budd, A
摘要：This paper describes the way in which the Monetary Policy Committee (MPC) of the Bank of England seeks to meet the tasks it has been given under the new arrangements for the conduct of monetary policy. It starts with the definition of the tasks, then describes the activities that lead up to the MPC's decisions and the publication of its Inflation Report.
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作者：Bayoumi, T; Masson, PR
作者单位：International Monetary Fund
摘要：This paper looks at theoretical and empirical issues associated with the operation of fiscal stabilisers within an economy. It argues that such stabilisers operate most effectively at a national, rather than local, level. As differing cycles across regions tend to offset each other for the country as a whole, national fiscal stabilisers are not associated with the same increase in future tax liabilities for the region as local ones. Accordingly, the negative impact from the Ricardian effects a...
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作者：Allsopp, C
作者单位：University of Oxford
