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China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The framework, grounded in relevant institutional elements,...
Persistent link: https://www.econbiz.de/10011776819
This paper examines the degree of monetary policy coordination between major industrialized countries from a completely new perspective. The analysis uses a new data set on central bank issued interest rate targets for 14 OECD countries. The methodology that we use decomposes the notion of...
Persistent link: https://www.econbiz.de/10010318611
We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates, and equity prices in the U.S. Their simultaneous changes enable us to distinguish between a systematic and "exogenous" response to monetary-policy news. And, those tail...
Persistent link: https://www.econbiz.de/10012030329
Central banks regularly monitor select financial and macroeconomic variables in order to obtain early indication of the impact of monetary policies. This practice is discussed on the Federal Reserve Bank of New York website, for example, where one particular set of macroeconomic indicators is...
Persistent link: https://www.econbiz.de/10010282848
The method for simulation of labor market participation used in the LIMTIP models for Argentina, Chile, and Mexico is …
Persistent link: https://www.econbiz.de/10010318666
The quality of match of three statistical matches used in the LIMTIP estimates for Argentina, Chile, and Mexico is … Argentina. The second match combines the 2007 Encuesta Experimental sobre Uso del Tiempo en el Gran Santiago (EUT 2007) with the … 2006 Encuesta Caracteristización Socioeconómica Nacional (CASEN 2006) for Chile. The third match combines the 2008 Encuesta …
Persistent link: https://www.econbiz.de/10010286561
The transition to a market driven development strategy in Latin America for more than a decade has redefined business strategies and reshaped the state`s traditional role as guarantor of employment, stability, and protection. These changes, plus the move to create more flexible labor markets in...
Persistent link: https://www.econbiz.de/10010326986
Persistent link: https://www.econbiz.de/10010327179
household saving behavior in two countries in each region (Mexico, Peru, Thailand and Taiwan). We make four contributions. First …
Persistent link: https://www.econbiz.de/10010327161
Argentina. The results show that the heterogeneous nature of the entities, in terms of size and origin of ownership, impacts on …
Persistent link: https://www.econbiz.de/10010325101