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Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program ; conference paper
Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014
This paper explores the potential effectiveness of the ECB s Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10010480578
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Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program
Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014
This paper explores the potential effectiveness of the ECBś Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10010246072
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Power-sharing in monetary policy committees : evidence from the United Kingdom and Sweden
Chappell, Henry W.; McGregor, Rob Roy; Vermilyea, Todd A. - In: Journal of money, credit and banking : JMCB 46 (2014) 4, pp. 665-692
Persistent link: https://www.econbiz.de/10010466740
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Majority rule, consensus building, and the power of the cairman : Arthur Burns and the FOMC
Chappell, Henry W.; McGregor, Rob Roy; Vermilyea, Todd - In: Journal of money, credit and banking : JMCB 36 (2004) 3,1, pp. 407-422
Persistent link: https://www.econbiz.de/10002144766