 | Euro Area Money Demand : Measuring the Opportunity Costs Appropriately Author/Editor: Joaquim Vieira Ferreira Levy, Alessandro Calza, Dieter Gerdesmeier. Release Date:November, 2001 The existence of a well-specified and stable relationship between money and prices has long been perceived as a prerequisite for the use of monetary aggregates in the conduct of monetary policy. This more...
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| Monetary Policy Under EMU : Differences in the Transmission Mechanism? Author/Editor: Benedict J Clements, Zenon Kontolemis, Joaquim Vieira Ferreira Levy. Release Date:August, 2001 This study identifies differences in the monetary policy transmission mechanism across the countries in the euro area. It is argued that part of the differences in the response of economic activity more...
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| Aspects of the Monetary Transmission Mechanism Under Exchange Rate Targeting : The Case of France Author/Editor: Joaquim Vieira Ferreira Levy, Ioannis Halikias. Release Date:April, 1997 This paper examines monetary transmission in France using the vector autoregression methodology. Interest rates are decomposed into external and domestic components, and a nonrecursive more...
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| Some Considerations Relevant to Prefunded Pensions in France Author/Editor: Joaquim Vieira Ferreira Levy. Release Date:July, 1995 Increasing use of life insurance instruments and company-sponsored funds in France suggests that French households may be inclined to a greater reliance on financial savings as a source of retirement more...
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| The Spanish Social Security : Prospects of the Pension and Health-Care Systems Author/Editor: Joaquim Vieira Ferreira Levy. Release Date:July, 1995 The social security system in Spain has steadily expanded since the late 1970s. Currently, social security expenditure exceeds 15 percent of GDP, being a factor of fiscal imbalance. This paper more...
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| Household Saving in France : Stochastic Income and Financial Deregulation Author/Editor: Joaquim Vieira Ferreira Levy, Jonathan David Ostry. Release Date:November, 1994 The household saving ratio in France has undergone very sharp changes over the past two decades, falling dramatically in the first part of the 1980s before rising in more recent years. This paper more...
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| Public Education Expenditure and Other Determinants of Private Investment in the Caribbean Author/Editor: Joaquim Vieira Ferreira Levy, Benedict J Clements. Release Date:October, 1994 This paper presents an analysis of the determinants of private investment in the Caribbean region, using data for the 1977-91 time period. Drawing on the endogenous growth literature, a model is more...
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