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Monetary policy transmission and financial stability in a LIC : the case of Bangladesh

Rafiq, Sohrab - 2015

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....

Persistent link: https://www.econbiz.de/10011408240

What's different about monetary policy transmission in remittance-dependent countries?

Barajas, Adolfo; Chami, Ralph; Ebeke, Christian; … - 2016

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation) pressure on real exchange rates, reducing the quality of institutions, delaying...

Persistent link: https://www.econbiz.de/10011445365

Monetary transmission mechanism with firm turnover

Uusküla, Lenno - In: Journal of macroeconomics 50 (2016), pp. 1-18

Persistent link: https://www.econbiz.de/10011707859

Excess Liquidity and the Effectiveness of Monetary Policy : Evidence From Sub-Saharan Africa

Saxegaard, Magnus - 2006

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …

Persistent link: https://www.econbiz.de/10014400369

Macrofinancial analysis in the world economy : a panel dynamic stochastic general equilibrium approach

Vitek, Francis - 2015

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover...

Persistent link: https://www.econbiz.de/10011408247

Cross-border transmission of fiscal shocks : the role of monetary conditions

Blagrave, Patrick; Ho, Giang; Koloskova, Ksenia; … - 2018

Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillovers. Standard New Keynesian models predict the cross-border transmission of...

Persistent link: https://www.econbiz.de/10011852565

The inequality channel of monetary transmission

Areosa, Waldyr Dutra; Areosa, Marta Baltar Moreira - In: Journal of macroeconomics 48 (2016), pp. 214-230

Persistent link: https://www.econbiz.de/10011707794

Portfolio rebalancing in Japan : constraints and implications for quantitative easing

Arslanalp, Serkan; Botman, Dennis P. J. - 2015

Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …

Persistent link: https://www.econbiz.de/10011373924

Zombies on the brink : evidence from Japan on the reversal of monetary policy effectiveness

Hong, Gee Hee; Igan, Deniz; Lee, Do - 2021

How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from a corporate finance perspective. Using a rich bank-firm matched data of Japanese...

Persistent link: https://www.econbiz.de/10012518322

Trade linkages, balance sheets, and spillovers : the Germany-Central European Supply Chain

Elekdaǧ, Selim Ali; Muir, Dirk - 2013

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key...

Persistent link: https://www.econbiz.de/10012667496

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