|Statement||by Jack Jones Zulu ; prepared by Jubilee-Zambia/Debt Project ; hosted by JCTR.|
|LC Classifications||HJ8835.5 .Z95 2003|
|The Physical Object|
|Pagination||11 leaves ;|
|Number of Pages||11|
|LC Control Number||2004360481|
This book is a collection of some of the most humorous, touching, and thoughtful prose of Max Coots. While it serves as a wonderful introduction to the philosophy and spirit behind Unitarian Universalism, it's true value lies in it's universal accessibility. It's a rare book that can be simoultaneously humorous, introspective and enlightening.5/5(6). Pierre-Olivier Weill, "Leaning Against the Wind," Review of Economic Studies, Oxford University Press, vol. 74(4), pages NBER Working Paper No. Issued in August NBER Program (s): Monetary Economics Program. “Leaning against the wind” (LAW), that is, tighter monetary policy for financial-stability purposes, has costs in terms of a weaker economy with higher unemployment and lower inflation and possible benefits from a lower probability or magnitude of a (financial) by: 3. IMF Books and Working Papers: Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework, Working Paper No. 20/, J Monetary Policy Transmission in Emerging Markets and Developing Economies, .
By. Economists have carried on a longstanding debate about the role of monetary policy over the business cycle—the alternating sequence of expansion and contraction in economic activity. The prevailing view seems to be that the Federal Reserve, as the nation's monetary authority, pursues an activist, countercyclical monetary policy. In economic parlance, this is referred to as "leaning against the wind.". Norges Bank paper offers insights on when to ‘lean against the wind’. Working paper investigates use of monetary policy in mitigating financial imbalances. 03 Jun Monetary policy . Leaning Against the Wind: Macroprudential Policy in Asia Prepared by Longmei Zhang and Edda Zoli1 Authorized for distribution by Romain Duval February Abstract In recent years, macroprudential policy has become an increasingly active policy area. Many. LINDA HASSELSTROM is the author of many highly acclaimed books of nonfiction and poetry and the coeditor of Leaning into the Wind and Woven on the Wind. She divides her time between Wyoming and South Dakota. Based in Wyoming, Gaydell Collier is Reviews:
An obvious cost of “leaning against the wind” is a weaker economy if no (financial) crisis occurs. Possible benefits are lower probabilities and smaller magnitudes of crises. A second cost—less obvious, previously overlooked, but higher—is a weaker economy if a crisis occurs. For representative estimates, costs exceed benefits by. Leaning Against the Wind When Credit Bites Back∗ Karsten R. Gerdrup, Frank Hansen, Tord Krogh, and Junior Maih Norges Bank This paper analyzes the cost-beneﬁt trade-oﬀ of leaning againstthewind(LAW)rtingpoint is a New Keynesian regime-switching model where the econ-omy can be in a normal state or in a crisis state. A leaning‐against‐the‐wind intervention that has only a temporary effect on the exchange rate and that is not too aggressive can be shown analytically to yield positive expected profits to a central bank even when the exchange‐rate process is nonstationary. These profits arise if there are some transitory shocks to the exchange rate. Since the mids, capital flows to Asia have surged and become increasingly volatile, recording a boom from Q4 to Q3, followed by a sharp decline during the Global Financial Crisis (GFC), and another upswing from Q3 to Q3 that came to an end more recently (Fig. 1a).The post-crisis rebound of inflows was largely driven by robust regional growth, accommodative monetary .