Narrow search
Showing 1 - 10 of 30,119
Cover Image
States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives
Danthine, Jean-Pierre; Rochet, Jean Charles; Moe, … - SUERF - The European Money and Finance Forum
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the papers in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011070915
Cover Image
Monetary policy and the oil futures market
Eickmeier, Sandra; Lombardi, Marco J. - Deutsche Bundesbank - 2012
We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial...
Persistent link: https://www.econbiz.de/10010957148
Cover Image
What Does Pakistan Have to Join the Inflation Targeters’ Club—a Royal Flush or a Seven-Deuce Offsuit?
Rizvi, Syed Kumail Abbas; Naqvi, Bushra; Rizavi, Sayyid … - In: Lahore Journal of Economics 17 (2012) 2, pp. 35-62
The economic and institutional structure required to successfully adopt and implement an inflation targeting framework (ITF) is often lacking in emerging economies. This paper evaluates these structures both qualitatively and quantitatively for Pakistan’s economy.Although our comprehensive...
Persistent link: https://www.econbiz.de/10010905790
Cover Image
Home production and sticky price models: Implications for monetary policy
Lester, Robert - In: Journal of Macroeconomics 41 (2014) C, pp. 107-121
generates close to twice the output response to a monetary policy shock. I consider the implications of several nominal interest …
Persistent link: https://www.econbiz.de/10010907071
Cover Image
Measuring Monetary Policy Under Zero Interest Rates With a Dynamic Stochastic General Equilibrium Model: An Application of a Particle Filter
Kitamura, Tomiyuki - Bank of Japan - 2010
This paper proposes an empirical dynamic stochastic general equilibrium (DSGE) framework to measure the degree of monetary policy accommodation when the nominal interest rate is zero. The framework employs a hypothetical DSGE model in which the nominal interest rate can be lowered below zero...
Persistent link: https://www.econbiz.de/10010907471
Cover Image
The World in Balance Sheet Recession
Koo, Richard - In: Ensayos Económicos 1 (2011) 63, pp. 7-39
There is quite a bit of confusion in the policy circles, in the academic circles and also in the markets regarding the international economic situation unleashed by the 2007-2008 crisis. And, as there is so much confusion, the economic policy responses have been largely inconsistent, not only in...
Persistent link: https://www.econbiz.de/10010551972
Cover Image
The Monetary Paradigm in the Misesian Theory
Daniel, Liparã - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 576-579
policy. This paper is a tribute to the philosopher Mises, who focused on human acting and who enriched the monetary theory … with an analytical perspective and deductive models, creating the so called Misesian theory. What is Mises contribution to … rule? And most important how does the business cycle theory influence money? …
Persistent link: https://www.econbiz.de/10010838964
Cover Image
The Strategy of Direct Inflation Targeting: Between Theory and Practice
TEICA, Ramona-Andreea - In: Finante - provocarile viitorului (Finance - Challenges … 1 (2011) 13, pp. 204-210
This work has the purpose to analyse the strategy of direct inflation targeting starting from theoretical aspects and arriving at the revealing of main characteristics of this strategy in the case of our country. Likewise the work proposes itself to state out the decisions of monetary policy...
Persistent link: https://www.econbiz.de/10010611846
Cover Image
Model-Based Forecasts and Monetary Policy Rules.
Wouters, R.; Dombrecht, M. - Department of Economics, University of Warwick - 2000
In this paper, the interaction between inflation and monetary policy rules is analysed within the framework of a dynamic general equilibrium model derived from optimizing behaviour and rational expectations.
Persistent link: https://www.econbiz.de/10005780083
Cover Image
The Use of Robust Estimators as Measures of Core Inflation.
Aucremanne, L. - Department of Economics, University of Warwick - 2000
This paper examines robust estimators of core inflation for Belgian historical CPI data, and the euro area Harmonised indices of Consumer Prices.
Persistent link: https://www.econbiz.de/10005780087