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Climate actions and stranded assets : the role of financial regulation and monetary policy

Diluiso, Francesca; Annicchiarico, Barbara; Kalkuhl, … - 2020

Limiting global warming to well below 20C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...

Persistent link: https://www.econbiz.de/10012260638

Financial cycles, credit bubbles and stabilization policies

Corrado, Luisa; Schuler, Tobias - 2018

This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking sector. We augment a New Keynesian macroeconomic framework by endogenizing boundedly-rational expectations on asset values of loan portfolios and allow for interbank trading. We...

Persistent link: https://www.econbiz.de/10011952012

Heterogeneous consumers, segmented asset markets, and the real effects of monetary policy

Enders, Zeno - 2017

This paper proposes a novel mechanism by which changes in the distribution of money holdings have real effects. Specifically, I develop a flexible-price model of segmented asset markets that generates real aggregate effects of monetary policy through the dependence of optimal markups on the...

Persistent link: https://www.econbiz.de/10011653639

Makroökonomische Implikationen der Mitgliedschaft Deutschlands in der Europäischen Währungsunion

Clausen, Volker; Hayo, Bernd - In: Vierteljahrshefte zur Wirtschaftsforschung 71 (2002) 3, pp. 339-353

Deutschlands im Euroraum findet die deutsche Konjunktur implizit starke Berücksichtigung in der Geldpolitik der EZB. Die Schocks in … Deutschland. Bei Zugrundelegung von Daten für das gesamte Eurowährungsgebiet wird zunächst gezeigt, dass sich das Verhalten der … die Übertragung der Geldpolitik auf die EZB Anpassungslasten auf die nationale Fiskal- und Tarifpolitik. Insgesamt sind …

Persistent link: https://www.econbiz.de/10010377582

Makroökonomische Implikationen der Mitgliedschaft Deutschlands in der Europäischen Währungsunion

Clausen, Volker; Hayo, Bernd - In: Vierteljahrshefte zur Wirtschaftsforschung 71 (2002) 3, pp. 339-353

Persistent link: https://www.econbiz.de/10001710169

Notenbankpolitik und Kapitalzinsentwicklung in Westdeutschland

Pohl, Reinhard - In: Vierteljahrshefte zur Wirtschaftsforschung (1960) 1, pp. 89-103

Persistent link: https://www.econbiz.de/10002658499

The ECB's enhanced credit support : keynote address at the Univ. of Munich, 13 July 2009

Trichet, Jean-Claude - 2009

Persistent link: https://www.econbiz.de/10003897431

The transmission mechanism of credit support policies in the Euro Area

Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2017

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have indeed been succesful in stimulating the credit flow of...

Persistent link: https://www.econbiz.de/10011646726

Money creation in decentralized finance : a dynamic model of stablecoin and crypto shadow banking

Li, Ye; Mayer, Simon - 2021

Stablecoins rise to meet the demand for safe assets in decentralized finance. Stablecoin issuers transform risky reserve assets into tokens of stable values, deploying a variety of tactics. To address the questions on the viability of stablecoins, regulations, and the initiatives led by large...

Persistent link: https://www.econbiz.de/10012607298

Simple macroeconomics of crypto currency and the political economy of monetary policy in a democracy

Marjit, Sugata; Gupta, Kausik - 2023

The paper attempts to examine the macroeconomic implications of the coexistence of crypto currency with legal tender money in the context of a democratic country such as India. The paper shows that macroeconomic implications of crypto currency can be captured by a simple extension of the IS-LM...

Persistent link: https://www.econbiz.de/10014366054