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Optimal central bank lending

Schabert, Andreas - 2010

Persistent link: https://www.econbiz.de/10003985256

Debt, deficits and destabilizing monetary policy in open economies

Schabert, Andreas; Wijnbergen, Sweder van - 2006

Persistent link: https://www.econbiz.de/10003311073

The advantage of transparent instruments of monetary policy

Atkeson, Andrew; Kehoe, Patrick J. - 2001

Persistent link: https://www.econbiz.de/10001630802

The advantage of transparent instruments of monetary policy

Atkeson, Andrew; Kehoe, Patrick J. - 2001

Persistent link: https://www.econbiz.de/10001637144

The advantage of transparent instruments of monetary policy

Atkeson, Andrew; Kehoe, Patrick J. - 2003 - Rev

Persistent link: https://www.econbiz.de/10001854129

The advantage of transparent instruments of monetary policy

Atkeson, Andrew; Kehoe, Patrick J. - 2006 - Rev

Persistent link: https://www.econbiz.de/10003349075

When is quantitative easing effective?

Hoermann, Markus; Schabert, Andreas - 2010 - This version: December 22, 2010

, this set-up gives rise to an (il-)liquidity premium on non-eligible assets. Then, a quantitative easing policy, which …

Persistent link: https://www.econbiz.de/10011382672

Interest rate spreads and forward guidance

Bredemeier, Christian; Kaufmann, Christoph; Schabert, … - 2018

We provide evidence that liquidity premia on assets that are more relevant for private agents' intertemporal choices … specification of liquidity premia based on assets' differential pledgeability to a basic New Keynesian model to replicate this … guidance period and are substantially smaller than if liquidity premia were neglected. This indicates that there are no …

Persistent link: https://www.econbiz.de/10011921015

Debt, deficits, and destabilizing monetary policy in open economies

Schabert, Andreas; Wijnbergen, Sweder van - 2006 - Revised Version: May 2006

Blanchard (2005) suggested that active interest rate policy might induce unstable dynamics in highly-indebted economies. We examine this in a dynamic general equilibrium model where Calvo-type price rigidities provide a rationale for inflation stabilization. Unstable dynamics can occur when the...

Persistent link: https://www.econbiz.de/10011349206

An interest rate peg might be better than you think

Hörmann, Markus; Schabert, Andreas - 2009

Active interest rate policy is frequently recommended based on its merits in reducing macroeconomic volatility and being a simple and transparent policy device. In a standard New Keynesian model, we show that an even simpler policy, namely an interest rate peg, can be welfare enhancing: The...

Persistent link: https://www.econbiz.de/10003850900