In this study, we explore how fiscal policy in euro area periphery countries responds to monetary policy surprises that … finances is undermined by the ability of monetary policy to affect the conditions of external funds. Using Jordà's (2005) local … projection method we find that fiscal discipline, on average, does not wane in response to monetary policy innovations that bring …

sufficiently pessimistic beliefs realize. In extreme cases, monetary policy aims at mitigating productivity losses only, instead of …

liabilities. In particular, we show that with regard to bank monitoring, monetary policy via collateral requirements leads to a … question whether monetary policy remains effective in times with large central bank reserves. …

This paper analyzes the impact of monetary policy on household saving in Japan between 1993 and 2017. Using annual data … mechanism of monetary policy on household saving. …

The recognised approach to designing an optimal monetary policy model is based on the central bank's ability to … States Federal Reserve's (Fed) monetary policy in different economic environments. It provides an empirical solution to the …

Using a structural vector autoregression, we document that a contractionary monetary policy shock triggers a decline in … points to an important transmission channel of monetary policy via financial markets. It has long been recognized that a …, does not generate the empirically observed sectoral co-movement across expenditure categories in response to a monetary …

, EU) uncertainty shocks on major Asian markets present significant asymmetric characteristics. Moreover, our time …This study examines the monetary policy effectiveness of five major Asian countries (China, Hong Kong, India, Japan … provide partial supporting evidence for the economic theory, which asserts that monetary policy efficiency must fall during …

We quantify spillbacks from US monetary policy based on structural scenario analysis and minimum relative entropy … to a contractionary US monetary policy shock. Our analysis suggests that spillbacks materialise as Tobin’s q/cash flow … and stock market wealth effects impinge on US investment and consumption. Contractionary US monetary policy depresses …

deliver price stability in the future. This paper starts by documenting why climate change matters for monetary policy: it … impacts the economic variables relevant to setting the monetary policy stance, it interacts with fiscal and structural … responses and it can generate dislocations in financial markets, which are impossible for monetary policy to ignore. Next, we …

presented in this paper shows that a loosening of US monetary policy leads to higher investment fund in ows to equities and debt …