-section of individual bank portfolio decisions. For this purpose, an augmented version of the DSGE model of Gertler and Karadi … (2013), featuring a segmented banking sector, is estimated for the euro area and combined with a bank portfolio optimisation … approach using granular bank level data. An important feature of our modelling approach is that it captures the heterogeneity …

representation of this regime, we formulate the central bank’s optimisation problem under the assumption that it is possible for the … MT in the period 1999-2005. We find that during this period Romania's MT regime can be characterised by a concern for … price stability and an additional role for smoothing of the central bank's instrument (base money growth). Our results …

, Romania, Slovakia and Slovenia over the last boom-bust cycle in 2004-2012. The results confirm that exporting is related to …

representation of this regime, we formulate the central bank's optimisation problem under the assumption that it is possible for the … MT in the period 1999-2005. We find that during this period Romania's MT regime can be characterised by a concern for … price stability and an additional role for smoothing of the central bank's instrument (base money growth). Our results …

Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …

-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … and powerful part of the central bank’s toolkit since it has the ability to move financial markets, to enhance the …