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Are loans cheaper when tomorrow seems further?

Godlewski, Christophe J.; Weill, Laurent - In: Economic modelling 94 (2021), pp. 1058-1065

Persistent link: https://www.econbiz.de/10012695620

How bank competition influences liquidity creation

Horváth, Roman; Seidler, Jakub; Weill, Laurent - In: Economic modelling 52 (2016), pp. 155-161

Persistent link: https://www.econbiz.de/10011645594

Regional bank efficiency and its effect on regional growth in "normal" and "bad" times

Belke, Ansgar; Haskamp, Ulrich; Setzer, Ralph - In: Economic modelling 58 (2016), pp. 413-426

Persistent link: https://www.econbiz.de/10011647453

Unconventional monetary policy and inflation expectations in the Euro area

Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - In: Economic modelling 102 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012796955

Monetary Policy and Endogenous Financial Crises

Boissay, Frederic; Collard, Fabrice; Galí, Jordi; … - National Bureau of Economic Research - 2021

We study whether a central bank should deviate from its objective of price stability to promote financial stability. We … financial crises. We compare several interest rate rules, under which the central bank responds more or less forcefully to … central bank can both reduce the probability of a crisis and increase welfare by departing from strict inflation targeting and …

Persistent link: https://www.econbiz.de/10012794628

Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations

Galí, Jordi - 2020

I analyze an extension of the New Keynesian model that features overlapping generations of finitely-lived agents and (stochastic) transitions to inactivity. In contrast with the standard model, the proposed framework allows for the existence of rational expectations equilibria with asset price...

Persistent link: https://www.econbiz.de/10012479320

Uncovered Interest Parity, Forward Guidance, and the Exchange Rate

Galí, Jordi - 2020

Under uncovered interest parity (UIP), the size of the effect on the real exchange rate of an anticipated change in real interest rate differentials is invariant to the horizon at which the change is expected. Empirical evidence using US, euro area and UK data points to a substantial deviation...

Persistent link: https://www.econbiz.de/10012479321

Insider-Outsider Labor Markets, Hysteresis and Monetary Policy

Galí, Jordi - 2020

I develop a version of the New Keynesian model with insider-outsider labor markets and hysteresis that can account for the high persistence of European unemployment. I study the implications of that environment for the design of monetary policy. The optimal policy calls for strong emphasis on...

Persistent link: https://www.econbiz.de/10012481580

Monetary Policy and Unemployment

Galí, Jordi - 2010

Much recent research has focused on the development and analysis of extensions of the New Keynesian framework that model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and properties of those models, and their implications for...

Persistent link: https://www.econbiz.de/10012462779

Macroeconomic Modeling for Monetary Policy Evaluation

Galí, Jordi - 2007

central bank of tracking of the flexible price equilibrium values of the natural levels of output and the real interest rate …

Persistent link: https://www.econbiz.de/10012465104