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Record Nr. |
UNINA9910973990003321 |
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Autore |
N'Diaye Papa |
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Titolo |
Macroeconomic Implications for Hong Kong SAR of Accommodative U.S. Monetary Policy / / Papa N'Diaye |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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9786612844508 |
9781462331543 |
1462331548 |
9781452733913 |
1452733910 |
9781451874020 |
1451874022 |
9781282844506 |
1282844504 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (30 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Monetary policy - United States |
Economics - China - Hong Kong |
Asset prices |
Credit |
Deflation |
Fiscal Policy |
Fiscal policy |
Income economics |
Inflation |
Labor Demand |
Labor |
Labour |
Macroeconomics |
Monetary economics |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Money and Monetary Policy |
Price Level |
Prices |
Public Finance |
Self-employed |
Self-employment |
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Hong Kong Special Administrative Region, People's Republic of China |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Implications for Hong Kong SAR of U.S. Monetary Policy; A. The Fed's Unconventional Monetary Policy Actions; B. Impact on Hong Kong SAR; III. A Simulation of Hong Kong SAR Asset and Goods Markets When Confronted by an Accommodative U.S. Monetary Stance; A. Model Overview; B. Model Simulations; IV. Conclusions; References; Footnotes |
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Sommario/riassunto |
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This paper discusses the potential macroeconomic implications for Hong Kong SAR of accommodative monetary policy in the United States. It shows, through model simulations, that a resumption of the credit channel in Hong Kong SAR has the potential to create inflation in both goods and asset markets. Expansionary financial conditions will likely have a greater impact in fueling asset price inflation, manifested in the model through a strong increase in equity prices. Higher asset prices could, in turn, through a financial accelerator mechanism, lead to further credit expansion and an upward cycle of asset prices and credit. This cycle, if unchecked, can potentially feed into volatility in consumption, output and employment and complicate macroeconomic management. The simulation results suggest there is a role for countercyclical prudential regulations to mitigate the amplitude of the cycle and lessen the financial and macroeconomic volatility associated with an unwinding of the credit-asset price cycle. |
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2. |
Record Nr. |
UNINA9910768484603321 |
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Autore |
Wolf Jean-Claude |
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Titolo |
Analytische Moralphilosophie |
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Pubbl/distr/stampa |
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Baden-Baden, : Nomos Verlagsgesellschaft mbH & Co. KG, 1998 |
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Baden-Baden, : Karl Alber, [1998] |
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ISBN |
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Descrizione fisica |
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1 online resource (221 p.) |
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Collana |
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Praktische Philosophie ; Band 54 |
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Altri autori (Persone) |
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Soggetti |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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Der Band erschließt Probleme, Positionen und Begriffe der philosophischen Ethik unseres Jahrhunderts. Als kompakt orientierender Leitfaden richtet er sich an alle, die sich in kaum noch überschaubaren Diskussionen über Fragen der Metaethik, der normativen Ethik und der angewandten Ethik zuverlässig informieren wollen. Darüber hinaus kommen Anregungen aus den empirischen Wissenschaften zur Sprache sowie das Verhältnis der philosophischen Ethik zu den Theorien des guten Lebens. |
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