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Financial fragility, macroeconomic shocks and banks' loan losses : evidence from Europe
Pesola, Jarmo (contributor) - 2007
Persistent link: https://www.econbiz.de/10003546073
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
liquidity trap lasting three years, about half as large as the effect on core GDP. Accordingly, under a standard ad hoc loss …
Persistent link: https://www.econbiz.de/10011294265
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U.S. macroeconomic policy evaluation in an open economy context using wavelet decomposed optimal control methods
Crowley, Patrick M.; Hudgins, David - 2019
Persistent link: https://www.econbiz.de/10012114884
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Fed QE and bank lending behaviour : a heterogeneity analysis of asset purchases
Grimaldi, Marianna; Kapoor, Supriya - 2023
dependent on banks' solvency and liquidity exposures. Our results highlight that it is necessary to take heterogeneity of …
Persistent link: https://www.econbiz.de/10014393221
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Central bank institutional structure and effective central banking: cross-country empirical evidence
Hasan, Iftekhar (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003782282
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The role of money in monetary policy at the lower bound
Billi, Roberto M.; Söderström, Ulf; Walsh, Carl E. - 2020
In light of the current low-interest-rate environment, we reconsider the merit of a money growth target (MGT) relative to a conventional in ation targeting (IT) regime, and to the notion of price level targeting (PLT). Through the lens of a New Keynesian model, and accounting for a zero lower...
Persistent link: https://www.econbiz.de/10012229943
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The interaction between fiscal and monetary policies : evidence from Sweden
Ankargren, Sebastian; Shahnazarian, Hovick - 2019 - (Updated april 2019)
This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....
Persistent link: https://www.econbiz.de/10011990029
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Central bank liquidity operations during the financial market and economic crisis : observations, thoughts and questions
Pikkarainen, Pentti - 2010
Persistent link: https://www.econbiz.de/10008772095
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The liquidity of the government bond market - what impact does quantitative easing have? : evidence from Sweden
Grimaldi, Marianna; Crosta, Alberto; Zhang, Dong - 2021
We consider the effects of quantitative easing on the liquidity of the Swedish government bonds. To capture multiple … dimensions of liquidity we use several measures built on a unique and highly granular transaction-based dataset. We find that the … Riksbank's purchases of government bonds improved liquidity, but only to a point. In fact, the deterioration in the level of …
Persistent link: https://www.econbiz.de/10012511146
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Money and prices under uncertainty
Nakajima, Tomoyuki; Polemarchakis, Herakles - 2001
Monetary and fiscal policy do not determine the stochastic path of prices: in the absence of financial policy, there remains indeterminacy indexed by an arbitrary probability measure over the set of states of the world. With an interest rate policy, and only if the asset market is complete,...
Persistent link: https://www.econbiz.de/10010318888