Showing 1 - 10 of 38
The economics literature lacks articles that provide a broad roadmap-let alone a logical explanation-of the new set of Federal Reserve policy tools that were created to counter the COVID-19 recession. This study provides an overview of the motivation for these new credit-easing programs-namely...
Persistent link: https://www.econbiz.de/10012800421
Persistent link: https://www.econbiz.de/10012388061
Galí (2014) showed that a monetary policy rule that raises interest rates in response to bubbles can paradoxically lead to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising interest rates aggressively enough. This result is different...
Persistent link: https://www.econbiz.de/10014316806
Persistent link: https://www.econbiz.de/10010402622
Persistent link: https://www.econbiz.de/10012873157
Persistent link: https://www.econbiz.de/10012806278
Persistent link: https://www.econbiz.de/10000168508
Persistent link: https://www.econbiz.de/10003636502
Eine auf den Fundamentaldaten beruhende Regelbindung der Geldpolitik ohne Selbstverpflichtung, die bei vollkommen … geeigneter Weise in die optimale Geldpolitik einbezogen werden. Diese eindeutige Schlußfolgerung gilt auch dann, wenn sich der … wichtig es ist, die Geldpolitik angemessen zu gestalten und dabei nicht nur die Fundamentaldaten, sondern auch direkt die …
Persistent link: https://www.econbiz.de/10011418901
Persistent link: https://www.econbiz.de/10008909537