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Monetary regimes : is there a trade-off between consumption and employment variability?

Matthews, Kent; Meenagh, David; Minford, Patrick; Webb, … - 2006

Persistent link: https://www.econbiz.de/10003322820

Non-linear exchange rate pass-through in emerging markets

Caselli, Francesca G.; Roitman, Agustin - 2016

This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate fluctuations to prices using local projection techniques to obtain state dependent...

Persistent link: https://www.econbiz.de/10011436820

Fiscal dominance in Sub-Saharan Africa revisited

Hooley, John; Nguyen, Lam; Saito, Mika; Towfighian, … - 2021

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...

Persistent link: https://www.econbiz.de/10012517915

Monetary policy and the financing of firms

De Fiore, Fiorella; Teles, Pedro; Tristani, Oreste - 2009

Persistent link: https://www.econbiz.de/10003879823

Does Global Liquidity Matter for Monetary Policy in the Euro Area?

Berger, Helge - 2009

Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the … euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for … longer-term interest rate and output effects. We find that especially excess liquidity in the U.S. leads developments in euro …