Showing 1 - 10 of 196
inhabited by consumers, firms, a Cournotian monopolistically compet- itive banking system, besides, an inflation … effect of a lower inflation target on growth is ambiguous, with the ultimate effect depending on the initial levels of growth …
Persistent link: https://www.econbiz.de/10005773185
a lower inflation target on growth is ambiguous, with the ultimate effect depending on the initial levels of growth and …
Persistent link: https://www.econbiz.de/10009195451
The paper develops a short-run model of a small open financially repressed economy characterized by unorganized money markets, intermediate good imports, capital mobility and flexible exchange rates. The analysis shows that financial liberalization, in the form of increased rate of interest on...
Persistent link: https://www.econbiz.de/10005773168
The paper analyzes the effects of financial liberalization on steady-state inflation. We develop an overlapping … sign of the inflation-financial repression relationship depends crucially on the elasticity of substitution between the …
Persistent link: https://www.econbiz.de/10005773203
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005773210
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005168551
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/10013201113
, residential investment, real house prices and mortgage loans, while private consumption and nominal interest rate responses are …
Persistent link: https://www.econbiz.de/10009690177
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
, residential investment, real house prices and mortgage loans, while private consumption and nominal interest rate responses are …
Persistent link: https://www.econbiz.de/10011277019