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The Output Composition Puzzle : A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S
Angeloni, Ignazio - 2003
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...
Persistent link: https://www.econbiz.de/10012468712
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Monetary Transmission in the Euro Area : Does the Interest Rate Channel Explain it All?
Angeloni, Ignazio - 2003
) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary … substantial in almost all. Where the IRC is not dominant, there is normally some direct evidence supporting the presence of a bank …
Persistent link: https://www.econbiz.de/10012468713
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The Output Composition Puzzle : A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S
Angeloni, Ignazio; Kashyap, Anil K.; Mojon, Benoit; … - 2022
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...
Persistent link: https://www.econbiz.de/10013324114
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Monetary Transmission in the Euro Area : Does the Interest Rate Channel Explain it All?
Angeloni, Ignazio; Kashyap, Anil K.; Mojon, Benoit; … - 2021
) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary … substantial in almost all. Where the IRC is not dominant, there is normally some direct evidence supporting the presence of a bank …
Persistent link: https://www.econbiz.de/10013233437
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Sticky Prices : New Evidence from Retail Catalogs
Kashyap, Anil K. - 1994
This paper presents new results on the size, frequency, and synchronization of price changes for twelve selected retail goods over the past 35 years. Three basic facts about the data are uncovered: first, nominal prices are typically fixed for more than one year although the time between changes...
Persistent link: https://www.econbiz.de/10012474056
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Sticky Prices : New Evidence from Retail Catalogs
Kashyap, Anil K. - 2011
This paper presents new results on the size, frequency, and synchronization of price changes for twelve selected retail goods over the past 35 years. Three basic facts about the data are uncovered: first, nominal prices are typically fixed for more than one year although the time between changes...
Persistent link: https://www.econbiz.de/10013127359
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Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan
Hoshi, Takeo - 2008
During the financial crisis that started in 2007, the U.S. government has used a variety of tools to try to rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990s. There are also a surprising number of other...
Persistent link: https://www.econbiz.de/10012464246
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Banks as Liquidity Providers : An Explanation for the Co-Existence of Lending and Deposit-Taking
Kashyap, Anil K. - 1999
This paper addresses the following question: what ties together the traditional commercial banking activities of deposit-taking and lending? We begin by observing that since banks often lend via commitments, or credit lines, their lending and deposit-taking may be two manifestations of the same...
Persistent link: https://www.econbiz.de/10012471845
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2010
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10012757853
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Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan
Hoshi, Takeo - 2010
During the financial crisis that started in 2007, the U.S. government has used a variety of tools to try to rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990s. There are also a surprising number of other...
Persistent link: https://www.econbiz.de/10012758287