Showing 1 - 10 of 612
We discuss the evolution in macroeconomic thought on the monetary policy transmission mechanism and present related empirical evidence. The core channels of policy transmission — the neoclassical links between short-term policy interest rates, other asset prices such as long-term interest...
Persistent link: https://www.econbiz.de/10014025672
The world economy has experienced the largest financial crisis in generations, a global pandemic, and a resurgence in inflation during the first quarter of the 21st century, yielding important insights for central banking. Price stability has important benefits and is the responsibility of a...
Persistent link: https://www.econbiz.de/10014512091
Persistent link: https://www.econbiz.de/10011938217
Persistent link: https://www.econbiz.de/10013188349
In this paper, we estimate the dynamic impact of unconventional monetary policy in the US on international REITs. Unlike existing studies which are limited to conventional policy tools and undertake a static approach, we use an event study approach and estimate a time-varying parameter model to...
Persistent link: https://www.econbiz.de/10012628426
Persistent link: https://www.econbiz.de/10012500112
Persistent link: https://www.econbiz.de/10011593731
Persistent link: https://www.econbiz.de/10008938484
Persistent link: https://www.econbiz.de/10013485433
Persistent link: https://www.econbiz.de/10001034653