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Monetary policy and endogenous market structure in a schumpeterian economy
Angus C., Chu; Lei, Ji - Volkswirtschaftliche Fakultät, … - 2012
In this study, we develop a monetary Schumpeterian growth model with endogenous market structure (EMS) to explore the effects of monetary policy on the number of firms, �firm size, economic growth and social welfare. EMS leads to richer implications and different results from previous studies...
Persistent link: https://www.econbiz.de/10011259473
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Central bank independence: monetary policies in selected jurisdictions (II)
Ayadi, Felix; Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
Through an investigation of selected jurisdictions, this paper aims to contribute to the extant literature in investigating the relationship between central bank independence and price stability, as well as how such a relationship varies between different jurisdictions – even though it is...
Persistent link: https://www.econbiz.de/10011259909
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Monetary policy and excess liquidity: the case of Guyana
Khemraj, Tarron - Volkswirtschaftliche Fakultät, … - 2007
up excess liquidity by selling Treasury bills. The paper examines the potential sources of persistent excess reserves. It …
Persistent link: https://www.econbiz.de/10011260472
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Исследование возможностей и диапазонов применения методологии экономико-математического моделирования на основе тензорного анализа денежного поля: теоретические и методологические...
Maslov, Alexander - Volkswirtschaftliche Fakultät, … - 2012
The paper analyzes practical application of money field theory, which was published before. Using econometric and linear modeling of time-series as a basis for the analysis of Canada’s financial indicators, inferences are made towards the country’s stability and actions monetary authorities...
Persistent link: https://www.econbiz.de/10011260619
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Excess reserves in Jamaican Commercial Banks: The implications for Monetary Policy
Anderson-Reid, Karen - Volkswirtschaftliche Fakultät, … - 2011
two decades. These reserves provide a positive impact in terms of the institutions’ ability to respond to liquidity shocks …
Persistent link: https://www.econbiz.de/10011260653
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Monetary part of Abenomics: a simplified model
Krouglov, Alexei - Volkswirtschaftliche Fakultät, … - 2014
Presented is a simplified mathematical model that describes dynamics developing on financial market after the liquidity …
Persistent link: https://www.econbiz.de/10011260671
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Graph representation of balance sheets: from exogenous to endogenous money
Pitrou, Cyril - Volkswirtschaftliche Fakultät, … - 2015
A graph representation of the financial relations in a given monetary structure is proposed. It is argued that the graph of debt-liability relations is naturally organized and simplified into a tree structure, around banks and a central bank. Indeed, this optimal graph allows to perform payments...
Persistent link: https://www.econbiz.de/10011262872
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Near-rational exuberance
Bullard, James; Evans, George W.; Honkapohja, Seppo - European Central Bank - 2005
We study how the use of judgement or “add-factors” in macroeconomic forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can exist in standard macroeconomic...
Persistent link: https://www.econbiz.de/10005079099
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The daily and policy-relevant liquidity effects
Thornton, Daniel L. - European Central Bank - 2008
The phrase “liquidity effect” was introduced by Milton Friedman (1969) to describe the first of three effects on … interest rates caused by an exogenous change in the money supply. The lack of empirical support for the liquidity effect using … evidence of the liquidity effect could be obtained using daily data – the daily liquidity effect. This paper investigates the …
Persistent link: https://www.econbiz.de/10005079103
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Monetary policy and bank behavior: Empirical evidence from India
Ghosh, Saibal - Volkswirtschaftliche Fakultät, … - 2006
The paper develops an empirical model to explore the role that bank characteristics play in influencing the monetary transmission process. Employing data on Indian commercial banks for the period 1992-2004, the findings indicate that for banks classified according to size and capitalization, a...
Persistent link: https://www.econbiz.de/10005015588