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Full-Text Articles in Macroeconomics
U.S. Monetary Policy: Qe3, Warren Coats
U.S. Monetary Policy: Qe3, Warren Coats
Warren Coats
The Federal Reserve’s latest round of quantitative easing (QE3) is not likely to help the U.S. economy’s recovery, which is already underway, but increases the risks of new asset bubbles and inflation.
A Global Currency For A Global Economy: Getting From Here To There, Warren Coats
A Global Currency For A Global Economy: Getting From Here To There, Warren Coats
Warren Coats
In this paper Dr. Warren Coats proposes stabilizing the value of money by linking it to an independently defined unit of account with a relatively constant real value. A common unit of account would lower the cost of trading by reducing transaction and information costs and would increase world trade and improve the efficiency of international resource allocation. The unit he suggests, a commodity basket, would not have the shortcomings that afflict the gold standard-gold's fluctuating relative value. The link between money and this unit that he suggests, fixing the value of a unit of money in terms of the …
A Monetary Policy Framework For Sudan, Warren Coats
A Monetary Policy Framework For Sudan, Warren Coats
Warren Coats
This short overview of the money supply process and the central bank's control of the money supply is tailored to the situation of Southern Sudan, now the independent country of South Sudan.
The Principles Of Tax Reform, Warren Coats
The Principles Of Tax Reform, Warren Coats
Warren Coats
Any change in tax laws benefit some and harm others, which is why "improving" the tax code is so difficult. A broad understanding and consensus on what features are fair and least distorting of the economies efficiency provides the best hope for achieving meaningful reform. These principles are not difficult to understand.