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approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition … on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …
Persistent link: https://www.econbiz.de/10003484173
Persistent link: https://www.econbiz.de/10011618396
and therefore policy outcomes. We then apply our results to the Bank of England and the Federal Reserve. A general finding … expressed by the members, as is the case at the Bank of England and appears to be the case in the FOMC under Chairman Bernanke …. -- Monetary policy committee ; voting ; Bank of England ; Federal Open Market Committee …
Persistent link: https://www.econbiz.de/10003867075
This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank …, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of …
Persistent link: https://www.econbiz.de/10008659377
The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of … the diversity of views on the economic outlook that enhance the effectiveness of central bank communication …
Persistent link: https://www.econbiz.de/10003209188
Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …
Persistent link: https://www.econbiz.de/10003230443
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … strategy amid a collegial approach to decision-making, while the Bank of England is using a collegial communication strategy …
Persistent link: https://www.econbiz.de/10003014292
We test for mean reversion in real exchange rates using a recently developed unit root test for non-normal processes based on quantile autoregression inference in semi-parametric and non-parametric settings. The quantile regression approach allows us to directly capture the impact of different...
Persistent link: https://www.econbiz.de/10003358655
Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at the frequency ù=0 has exhibited little variationbeing, most of the time, close to onein the U.S., the U.K., and several other countries, thus implying that the fraction of...
Persistent link: https://www.econbiz.de/10003832319
productivityboth per hour and per workerin the United States, the Eurozone, the United Kingdom, Australia, and Japan over the post …
Persistent link: https://www.econbiz.de/10003410608