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Persistent link: https://www.econbiz.de/10014433096
This paper reviews the rationale for quantitative easing when central bank policy rates reach near zero levels in light of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal Reserve and the European Central Bank. Empirical evidence...
Persistent link: https://www.econbiz.de/10013149980
In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new data base of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...
Persistent link: https://www.econbiz.de/10012757616
In this paper, we investigate the properties of alternative monetary policy rules using four structural macroeconometric models: the Fuhrer-Moore model, Taylor's Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB staff model. All four models incorporate the assumptions of...
Persistent link: https://www.econbiz.de/10013223571
Persistent link: https://www.econbiz.de/10011720739
Europäischen Zentralbank lief bereits seit Oktober 2021 und ging im Oktober 2023 in eine Vorbereitungsphase über. In anderen … Fragen, die Haushalte und Unternehmen, Geschäftsbanken sowie die Zentralbank betreffen. Unter anderem stellen sich folgende … Geldform erfüllen, die von einer Zentralbank emittiert wird? Welche Risiken und Chancen ergeben sich mit dem digitalen Euro? …
Persistent link: https://www.econbiz.de/10014484290