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Asymmetric monetary policy rules for the euro area and the US

Maih, Junior; Mazelis, Falk; Motto, Roberto; … - 2021

We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro area (EA) and the US. The estimations show that until mid-2014 the ECB's response to inflation was more forceful when inflation was above 2% than below 2%. Since then, the ECB's...

Persistent link: https://www.econbiz.de/10012650006

From a fixed exchange rate regime to inflation targeting : a documentation paper on Norges Bank and monetary policy, 1992-2001

Kleivset, Christoffer - 2012

Persistent link: https://www.econbiz.de/10009741020

The macroeconomic effects of forward communication

Brubakk, Leif; Ellen, Saskia ter; Robstad, Ørjan; Xu, Hong - 2019

This paper provides an empirical assessment of the power of forward guidance at different horizons, shedding new light on the strength of the "forward guidance puzzle". Our identification strategy allows us to disentangle the change in future interest rates stemming from deviations from the...

Persistent link: https://www.econbiz.de/10012214409

The Norwegian overnight interbank market during the Covid pandemic

Akram, Qaisar Farooq; Findreng, Jon; Smith, Lyndsie - 2023

and the central bank's liquidity support measures following the Covid-19 pandemic. The liquidity measures enabled banks to … fulfil their liquidity needs primarily through participation in extraordinary liquidity auctions. The distribution of central … bank reserves across banks did not change due to these measures, but interbank trading fell sharply. Ample liquidity …

Persistent link: https://www.econbiz.de/10014314135

Simple monetary policy rules and exchange rate uncertainty

Leitemo, Kai; Söderström, Ulf - 2001

Persistent link: https://www.econbiz.de/10001636118

Estimating the natural rates in a simple new Keynesian framework

Bjørnland, Hilde Christiane; Leitemo, Kai; Maih, Junior - 2007

Persistent link: https://www.econbiz.de/10003617143

Identifying the depreciation rate of durables from marginal spending responses

Cao, Jin; Cui, Chao; Dinger, Valeriya; Holm, Martin Blomhoff - 2022

This paper presents a novel method to estimate the depreciation rate of durable goods using a combination of identified marginal and average spending shares. We apply our method to Chinese spending responses to disposable income changes induced by monetary policy in 2008-2009. The marginal...

Persistent link: https://www.econbiz.de/10012818789

Matching efficiency and business cycle fluctuations

Furlanetto, Francesco; Groshenny, Nicolas - 2012

Persistent link: https://www.econbiz.de/10009571666

Matching efficiency and business cycle fluctuations

Furlanetto, Francesco; Groshenny, Nicolas - 2012

Persistent link: https://www.econbiz.de/10009614327

Oil wealth and real exchange rates : the FEER for Norway

Akram, Q. Farooq - 2004

Persistent link: https://www.econbiz.de/10002475644