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The Global Financial Cycle
Miranda-Agrippino, Silvia; Rey, Hélène - National Bureau of Economic Research - 2021
effects of the monetary policies of the US Federal Reserve, the European Central Bank and of the People's Bank of China on the …
Persistent link: https://www.econbiz.de/10012660005
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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86
Fischer, Stanley - 1987
Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of … Japan as a projection. None of the countries has stuck rigorously to the targets, though the Bank of Japan has come close …Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and …
Persistent link: https://www.econbiz.de/10012476592
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Globalization and Monetary Control
Woodford, Michael - 2007
than the supply of liquidity by a national central bank alone; by making real interest rates dependent on the global …
Persistent link: https://www.econbiz.de/10012465321
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Consequences of FTA withdrawal : evidence from "Uxit"
Gnutzmann, Hinnerk; Gnutzmann-Mkrtchyan, Arevik; Korn, … - 2021
We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We...
Persistent link: https://www.econbiz.de/10012421152
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Monetary Policy in an Era of Global Supply Chains
Wei, Shang-Jin - 2020
We study the implications of global supply chains for the design of monetary policy, using a small-open economy New Keynesian model with multiple stages of production. Within the family of simple monetary policy rules with commitment, a rule that targets separate producer price inflation at...
Persistent link: https://www.econbiz.de/10012479127
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The trade growth under the EU-SADC economic partnership agreement : an empirical assessment
Cipollina, Maria - In: Economies : open access journal 10 (2022) 12, pp. 1-16
The objective of this paper is an ex-post evaluation of the European Union-Southern African Development Community Economic Partnership Agreement (EU-SADC EPA) stemming from changes in trade flows from the six members of the SADC (Botswana, Eswatini, Lesotho, Mozambique, Namibia, and South...
Persistent link: https://www.econbiz.de/10013499856
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Supply chain interconnectedness in times of crises : a gravity model with DiD analysis of COVID-19 effects on central and Eastern European Trade
Burinskas, Arūnas; Cohen, Viktorija; Droždz, Jolanta - In: Economies : open access journal 12 (2024) 1, pp. 1-14
This paper explores the impact of COVID-19-induced disruptions on supply chains, specifically focusing on the interconnectedness of supply chains and the transmission effects they cause. The gravity model framework, together with difference-in-differences analysis, is employed to analyze monthly...
Persistent link: https://www.econbiz.de/10014496421
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Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
Calomiris, Charles W. - 2011
fundamental reserve demands of Fed member banks, we find that despite being doubled, reserve requirements were not binding on bank …
Persistent link: https://www.econbiz.de/10012461969
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Central Bank Policy and the Concentration of Risk : Empirical Estimates
Coimbra, Nuno; Kim, Daisoon; Rey, Hélène - National Bureau of Economic Research - 2021
Before the 2008 crisis, the cross-sectional skewness of banks' leverage went up and macro risk concentrated in the balance sheets of large banks. Using a model of profit-maximizing banks with heterogeneous Value-at-Risk constraints, we extract the distribution of banks' risk-taking parameters...
Persistent link: https://www.econbiz.de/10012585391
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A Framework for Monetary and Banking Analysis
Fischer, Stanley - 1982
The paper sets out and analyzes a simple model of money, banking, and price level determination. The model is first used to illustrate recent developments in the theory and analysis of banking, particularly the distinction between the portfolio management services provided by banks and their...
Persistent link: https://www.econbiz.de/10012478171