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Hjalmar Schacht : Präsident der Reichsbank zwischen zwei Weltkriegen

Hek, Arie van der - 2020

-1939) -- Schachts Kommentare zur Geldpolitik der Nachkriegszeit -- Nachwort. - Anhang 1 - Statistisches Material -- Anhang 2 …

Persistent link: https://www.econbiz.de/10012402873

Wie funktionieren Zentralbanken? : Geld- und Währungspolitik verstehen

Herger, Nils - 2016

können, was dürfen Zentralbanken und was nicht? In der Tat ist es nicht immer einfach nachzuvollziehen, wie eine Zentralbank … überhaupt Einfluss auf die Gesamtwirtschaft nehmen kann: Wie steuert eine Zentralbank beispielsweise die Geldmenge? Über welche … Kanäle beeinflusst die Geldpolitik relevante Wirtschaftsgröe︢n wie die Inflation oder die Konjunkturlage? Warum ist es …

Persistent link: https://www.econbiz.de/10014009990

Hjalmar Schacht : Präsident der Reichsbank zwischen zwei Weltkriegen

Hek, Arie van der - 2020

Persistent link: https://www.econbiz.de/10012125590

CREDIT AND GROWTH UNDER LIMITED COMMITMENT

AZARIADIS, COSTAS; Kaas, Leo - London School of Economics and Political Science - 2008

We consider a linear growth model with idiosyncratic productivity shocks in whichproducers cannot commit to repay their loans. Borrowing constraints are determinedendogenously by the borrowers’ incentives to repay, assuming that defaulters lose a shareof output and are excluded from future...

Persistent link: https://www.econbiz.de/10009138462

Neue Segel, alter Kurs? : die Eurokrise und ihre Folgen für das europäische Wirtschaftsregieren

Bieling, Hans-Jürgen (ed.); Guntrum, Simon (ed.) - 2019

Persistent link: https://www.econbiz.de/10011971573

Creating an Integrated Payment System: The Evolution of Fedwire

Adam, Gilbert; Hunt, Dara; Winch, Kenneth C. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This paper traces the evolution of Fedwire fromtwelve separate payment operations, linked only by aninterdistrict communications arrangement, to a more unifiedand efficient system. Our account highlights both thedifficulties the Federal Reserve encountered as it soughtto standardize and...

Persistent link: https://www.econbiz.de/10005870268

Rule-based monetary policy under central bank learning

Aoki, Kosuke; Nikolov, Kalin - London School of Economics and Political Science - 2005

The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...

Persistent link: https://www.econbiz.de/10005870371

Optimal commitment policy under noisy information

Aoki, Kosuke - London School of Economics and Political Science - 2005

This paper studies an advantage of commitment over discretion when a central bankobserves only noisy measures of current inflation and output, in the context of an optimizingmodel with nominal-price stickiness. Under a commitment regime, if current policy turns outto be too expansionary...

Persistent link: https://www.econbiz.de/10005870372

PRICE-LEVEL DETERMINATION UNDER DISPERSED INFORMATION AND MONETARY POLICY

Aoki, Kosuke - London School of Economics and Political Science - 2006

This paper considers the determination of aggregate price level under dispersed information.A Central Bank sets policy in response to its noisy measure of the price level, andeach agent makes its decisions by observing a subset of data. Information revealed to theagents and the bank is...

Persistent link: https://www.econbiz.de/10005870374

Central Bank Tools and Liquidity Shortages

Cecchetti, Stephen G.; Disyatat, Piti - London School of Economics and Political Science

The global financial crisis that began in mid-2007 has renewedconcerns about financial instability and focused attention onthe fundamental role of central banks in preventing andmanaging systemic crises. In response to the turmoil, centralbanks have made extensive use of both new and existing...

Persistent link: https://www.econbiz.de/10005869394