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New evidence on the effectiveness of "Quantitative Easing" in Japan

Voutsinas, Konstantinos; Werner, Richard A. - 2011

approach and have focused on the QE-experience, on which substantial data is available, namely that of Japan (2001 … policy goal of monetary policy. The empirical research finds that the policy conducted by the Bank of Japan between 2001 and …

Persistent link: https://www.econbiz.de/10009356669

The lessons from QE and other "unconventional" monetary policies : evidence from the Bank of England

Lyonnet, Victor; Werner, Richard A. - 2011 - This Version: June 29, 2011

March 2009. Similar policies had been previously implemented in Japan, the U.S. and the Eurozone. The effectiveness is …

Persistent link: https://www.econbiz.de/10009356677

The unintended consequences of the debt : will increased government expenditure hurt the economy?

Werner, Richard A. - 2011 - This Version: September 2011

that of Japan in the 1990s. Then a weak economy with risk-averse banks seemed to require some of the largest peacetime …). -- Credit ; Crowding Out ; Equation of Exchange ; Fiscal Policy ; Japan ; Monetarism ; Monetary Policy ; Quantity Equation …

Persistent link: https://www.econbiz.de/10009314101

Inflation rate dispersion and convergence in monetary and economic unions : lessons for the ECB

Weber, Axel A. (contributor); Beck, Günter W. (contributor) - 2005

Persistent link: https://www.econbiz.de/10003351590

Price stability, inflation convergence and diversity in EMU : does one size fit all?

Weber, Axel A. (contributor); Beck, Günter W. (contributor) - 2005

Persistent link: https://www.econbiz.de/10003314597

Money in monetary policy design : monetary cross-checking in the New-Keynesian Model

Beck, Günter W.; Wieland, Volker - 2009

In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary aggregates as long as certain standard assumptions on the distributions of unobservables are satisfied. The model has been criticized for failing to explain common trends in...

Persistent link: https://www.econbiz.de/10003887442

Three great American disinflations

Bordo, Michael D.; Erceg, Christopher J.; Levin, Andrew T. - 2006

Persistent link: https://www.econbiz.de/10003448346

Money in monetary policy design under uncertainty : the two-pillar Phillips curve versus ECB-style cross-checking

Beck, Günter W. (contributor); Wieland, Volker (contributor) - 2006

Persistent link: https://www.econbiz.de/10003448552

Money in monetary policy design under uncertainty : a formal characterization of ECB-style cross-checking

Beck, Günter W. (contributor); Wieland, Volker (contributor) - 2006

Persistent link: https://www.econbiz.de/10003448559

Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality

Beck, Günter W.; Lein-Rupprecht, Sarah M. - 2016

To model the observed slow response of aggregate real variables to nominal shocks, most macroeconomic models incorporate real rigidities in addition to nominal rigidities. One popular way of modelling such a real rigidity is to assume a non-constant demand elasticity. By using a homescan data...

Persistent link: https://www.econbiz.de/10011532828