Similar Search Results

Economic consequences of the financial crisis - A Keynesian point of view

Asensio, Angel - HAL - 2008

The paper discusses the possible economic consequences of the financial crisis from a (Post)Keynesian point of view. It examines the forthcoming depressive mechanisms, including the orthodox reactions of monetary and fiscal authorities, in the vein of those inferred in Europe by the mandate of...

Persistent link: https://www.econbiz.de/10008794314

Quantitative easing works: Lessons from the unique experience in Japan 2001-2006

Girardin, Eric; Moussa, Zakaria - HAL - 2010

Japanese monetary policy during the "lost" decade and quantify the effect of quantitative easing on Japan's activity and prices …

Persistent link: https://www.econbiz.de/10008794832

The Bank of France and the Open-Market instrument: an impossible wedding?

Barbaroux, Nicolas - HAL - 2014

In the aftermath of the sovereign debt criss, open-market interventions prevailed within the central bank's policy answers known under the label unconventional monetary policy measures. During interwar period, France was an isolated case, among the leading countries, by everlastingly rejecting...

Persistent link: https://www.econbiz.de/10010933149

Rational Bubbles and Macroeconomic Fluctuations: The (De-)Stabilizing Role of Monetary Policy

Clain-Chamosset-Yvrard, Lise; Seegmuller, Thomas - HAL - 2013

We are interested in the occurrence of expectation-driven fluctuations of a rational bubble and the (de-)stabilizing role of monetary policy. Our explanation of fluctuations is based on credit market imperfections. For this purpose, we consider an overlapping generations exchange economy where...

Persistent link: https://www.econbiz.de/10010933831

Hoarding of International Reserves and Sterilization in Dollarized and Indebted Countries : an effective monetary policy?

Mansour, Layal - HAL - 2012

The primary aim of this paper is to explore the effectiveness of Hoarding International Reserves and Sterilization in dollarized and indebted countries such as Turkey and Lebanon, by measuring the sterilization coefficient, and the offset coefficient. It also focuses on exploring the link...

Persistent link: https://www.econbiz.de/10010899390

STOCK PRICES AND MONETARY POLICY SHOCKS: A GENERAL EQUILIBRIUM APPROACH

Challe, Edouard; Giannitsarou, Chryssi - HAL - 2012

Recent empirical literature documents that unexpected changes in the nominal interest rates have a significant effect on real stock prices: a 25-basis point increase in the nominal interest rate is associated with an immediate decrease in broad real stock indices that may range from 0.6 to 2.2...

Persistent link: https://www.econbiz.de/10010899509

International Reserves versus External Debts : Can International reserves avoid future Financial Crisis in indebted Countries ?

Mansour, Layal - HAL - 2013

The aim of this paper is to evaluate the economic consequences on the countries that on one hand protect themselves from future financial crises by accumulating international reserves (IR) while on the other hand expose themselves to severe financial crisis due to their excessive internal and/or...

Persistent link: https://www.econbiz.de/10010899523

Determinants of Global Liquidity Dynamics:a FAVAR approach

Djigbenou, Marie-Louise - HAL - 2014

Global liquidity, which consists of both monetary liquidity (quantitative easing and traditional policies) and funding … liquidity, follows specific dynamics. The importance of these dynamics is reﬂected by the growing interest in international … by capturing the determinants of global liquidity dynamics. To this end, I employ a Factor-Augmented VAR model, with …

Persistent link: https://www.econbiz.de/10010899663

The Power of International Reserves: the impossible trinity becomes possible

Mansour, Layal - HAL - 2014

This aim of the present paper is to measure first, the degree of trilemma indexes: exchange rate stability, monetary independence capital account openness while taking into account the increase of hording IR ratio over GDP, over External Debt and over Short Term External Debt. The evolution of...

Persistent link: https://www.econbiz.de/10010899918

The French Monetary Management in the Inter-war Period: the Dismissal of Open Market Procedure?

Barbaroux, Nicolas - HAL - 2006

The notion of rule surrounded the gold standard system. For instance, it is not seldom to present the gold standard system under the 1925 Keynesian expression as the rules of the game. However, it is nowadays quite crystal clear that gold standard system was not such a self regulating system in...

Persistent link: https://www.econbiz.de/10008794111