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How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10011260860
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Impact of monetary policy on gross domestic product (GDP)
Hameed, Irfan; Ume, Amen - Volkswirtschaftliche Fakultät, … - 2011
This research article focuses on the impact of Monetary Policy on GDP. GDP no doubt is affected by the Monetary Policy of the state. The research papers of various authors have been studied in this regard to prove the Hypothesis and after in depth analysis by applying Regression Analysis...
Persistent link: https://www.econbiz.de/10009404627
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Monetary policy in Europe vs the US: what explains the difference?
Uhlig, Harald - Volkswirtschaftliche Fakultät, … - 2007
This paper compares monetary policy in the US and EMU during the last decade, employing an estimated hybrid New Keynesian cash-in-advance model, driven by five shocks. It appears that the difference between the two monetary policies between 1998 and 2006 is due to both surprises in productivity...
Persistent link: https://www.econbiz.de/10005787158
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An Assessment of the Credit Channel in Brazil
Souza-Sobrinho, Nelson - Volkswirtschaftliche Fakultät, … - 2003
This work evaluates the bank lending channel in Brazil, in the post-Real Plan period. The work includes descriptive … predictions of the credit channel theory. Additionally, it highlights the fact that bank loans in Brazil are predominantly short … the existence of a bank lending channel in Brazil, as suggested by the tests based on indicators of prices and quantities …
Persistent link: https://www.econbiz.de/10005837282
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Credit Monitoring in the USA and EU Countries
Kadish, Peter - Volkswirtschaftliche Fakultät, … - 2010
In order to analyze current state of events in the world economy, parallel analysis with the country that has gone through boom cycle in real estate and financial asset prices (as US did during the last decade) and sudden consequential bust in mid 70s and late 80s (USA 2007), namely Japan, is...
Persistent link: https://www.econbiz.de/10008532167
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A note on the long-run neutrality of monetary policy: new empirics
Asongu, Simplice - Volkswirtschaftliche Fakultät, … - 2013
Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...
Persistent link: https://www.econbiz.de/10011108086
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Monetary policy implications of digital money
Berentsen, Aleksander - Volkswirtschaftliche Fakultät, … - 1997
The term digital money refers to various proposed electronic payment mechanisms designed to use by consumers to make retail payments. These mechanisms are based either on smart cards or on network money. Smart cards could potentially replace currency as the predominant means to pay for retail...
Persistent link: https://www.econbiz.de/10011109457
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Monetary Policy of Quantitative Easing at the Central Bank’s High Interest Rates
BLINOV, Sergey - Volkswirtschaftliche Fakultät, … - 2014
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...
Persistent link: https://www.econbiz.de/10011110135
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Money supply in top tax system
Varma, Vijaya Krushna Varma - Volkswirtschaftliche Fakultät, … - 2012
In the future economic system, as suggested by TOP Tax system, the total money supply (real money and debt money/loan money) to be necessary for circulation in banks should be at the minimum level of 100% and at maximum level 110% of the value of GDP of the country. Out of this total money...
Persistent link: https://www.econbiz.de/10011113421
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Une note sur la règle du taux d’intérêt et le rôle de la courbe LM
Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2003
This note takes part in the debate on the topic “a macroeconomics without LM”. It shows that, when the central bank does not control directly the interest rates on the money and financial markets, LM curve has another role to play than to determine in an endogenous way the money supply when...
Persistent link: https://www.econbiz.de/10005623342