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Flexible majority rules for cryptocurrency issuance

Gersbach, Hans - 2019 - This version: May 2019

optimal money growth rates are realized if agents entering financial contracts anticipate ensuing inflation rates determined …

Persistent link: https://www.econbiz.de/10012023545

Macroprudential policy in the New Keynesian world

Gersbach, Hans; Hahn, Volker; Liu, Yulin - 2018

We integrate banks and the coexistence of bank and bond financing into an otherwise standard New Keynesian framework. There are two policy-makers: a central banker, who can decide on short-term nominal interest rates, and a macroprudential policy-maker, who can vary aggregate capital...

Persistent link: https://www.econbiz.de/10011894696

Modeling two Macro policy instruments : interest rates and aggregate capital requirements

Gersbach, Hans; Hahn, Volker - 2011 - This Version: September 2011

We present a simple neoclassical model to explore how an aggregate bank-capital requirement can be used as a macroeconomic policy tool and how this additional tool interacts with monetary policy. Aggregate bank-capital requirements should be adjusted when the economy is hit by cost-push shocks...

Persistent link: https://www.econbiz.de/10009307956

On the Negative Social Value of Central Banks' Knowledge Transparency

Gersbach, Hans - 2014

growth and future inflation, and between employment and inflation. We show that the social value of transparency concerning …

Persistent link: https://www.econbiz.de/10014207141

Signaling and Commitment : Monetary Versus Inflation Targeting

Gersbach, Hans; Hahn, Volker - 2005

The article compares the social efficiency of monetary targeting and inflation targeting when central banks may have …. Under inflation targeting and monetary targeting, central banks may have an incentive to signal their private information in … order to influence the public's expectations about future inflation. We show that inflation targeting is superior to …

Persistent link: https://www.econbiz.de/10014173888

Leverage constraints and bank monitoring: bank regulation versus monetary policy

Böser, Florian; Gersbach, Hans - 2021 - This version: June 30, 2021

Bank leverage constraints can emerge from regulatory capital requirements as well as from central bank collateral requirements in reserve lending facilities. While these two channels are usually examined separately, we are able to compare them with the help of a bank money creation model in...

Persistent link: https://www.econbiz.de/10012585515