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Corrado, Luisa; Rossi, Isolina - In: Journal of macroeconomics 62 (2019), pp. 1-24

Persistent link: https://www.econbiz.de/10012243488

Macroeconomic and financial policies for climate change mitigation : a review of the literature

Krogstrup, Signe; Oman, William - 2019

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The...

Persistent link: https://www.econbiz.de/10012103638

Effectiveness of internal audit and oversight at central banks : safeguards findings - trends and observations

Chamoun, Elie; Greuning, Riaan van - 2018

Experience under the safeguards policy has shown that central banks continued to strengthen their safeguards frameworks, but that vulnerabilities prevailed in the areas of internal audit and oversight by the audit committee (AC). This paper takes steps to help unravel why this was the case,...

Persistent link: https://www.econbiz.de/10011866392

The role of board oversight in central bank governance : key legal design issues

Bossu, Wouter; Rossi, Arthur - 2019

This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper...

Persistent link: https://www.econbiz.de/10012155156

Does Global Liquidity Matter for Monetary Policy in the Euro Area?

Berger, Helge - 2009

Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the … euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for … longer-term interest rate and output effects. We find that especially excess liquidity in the U.S. leads developments in euro …

Persistent link: https://www.econbiz.de/10014404266

The flexible system of global models : FSGM

Andrle, Michal; Blagrave, Patrick; Espaillat, Pedro; … - 2015

The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on...

Persistent link: https://www.econbiz.de/10011281974

Policy analysis and forecasting in the world economy : a panel unobserved components approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

Persistent link: https://www.econbiz.de/10009618572

Impact of demographic changes on inflation and the macroeconomy

Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014

Persistent link: https://www.econbiz.de/10010479415

Central bank independence, fiscal deficits and currency union : Lessons from Africa

Strong, Christine; Yayi, Constant - In: Journal of macroeconomics 68 (2021), pp. 1-20

Persistent link: https://www.econbiz.de/10012631028

Booms, crises, and recoveries : a new paradigm of the business cycle and its policy implications

Cerra, Valerie; Saxena, Sweta Chaman - 2017

All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for...

Persistent link: https://www.econbiz.de/10011763625

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