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The role of board oversight in central bank governance : key legal design issues
Bossu, Wouter; Rossi, Arthur - 2019
governance. This form of oversight is the decision-making responsibility through which an internal body of the central bank …-the Oversight Board-ensures that the central bank is well-managed. First, the paper will contextualize the role of Board oversight … into the broader legal structure for central bank governance by considering this form of oversight as one of the core …
Persistent link: https://www.econbiz.de/10012155156
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Bank of Japan's Quantitative and Credit Easing : Are they Now More Effective
Fasano-Filho, Ugo - 2002
This paper asks whether the BoJ''s recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds some evidence that BoJ''s monetary policy measures during 1998-2010 have had an impact on...
Persistent link: https://www.econbiz.de/10014396895
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Bank of Japan'S Monetary Easing Measures : Are they Powerful and Comprehensive?
Lam, Raphael W. - 2011
With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …
Persistent link: https://www.econbiz.de/10014412167
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Financial plumbing and monetary policy
Kumar, Manmohan S. - 2014
Persistent link: https://www.econbiz.de/10010387292
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Measuring U.S. core inflation : the stress test of COVID-19
Ball, Laurence M.; Leigh, Daniel; Mishra, Prachi; … - 2021
Large price changes in industries affected by the COVID-19 pandemic have caused erratic fluctuations in the U.S. headline inflation rate. This paper compares alternative approaches to filtering out the transitory effects of these industry price changes and measuring the underlying or core level...
Persistent link: https://www.econbiz.de/10012795049
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China's monetary policy communication : frameworks, impact, and recommendations
McMahon, Michael; Schipke, Alfred; Li, Xiang - 2018
Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of …
Persistent link: https://www.econbiz.de/10011978360
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Cash use across countries and the demand for central bank digital currency
Tanai Khiaonarong; Humphrey, David B. - 2019
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While … access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card …
Persistent link: https://www.econbiz.de/10012009449
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Monetary policy frameworks : an index and new evidence
Unsal, D. Filiz; Papageorgiou, Chris; Garbers, Hendre - 2022
We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We construct the IAPOC index by analyzing central banks' laws and websites for 50 advanced economies,...
Persistent link: https://www.econbiz.de/10013170321
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Distributional effects of monetary policy
Bonifacio, Valentina; Brandao Marques, Luis; Budina, Nina; … - 2021
As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels...
Persistent link: https://www.econbiz.de/10012605530
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A survey of research on retail central bank digital currency
Kiff, John; Alwazir, Jihad; Davidovic, Sonja; Farias, … - 2020
This paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based … on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It …
Persistent link: https://www.econbiz.de/10012252038