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Monetary Policy Transmission in Systemically Important Economies and China’s Impact

Lombardi, Domenico - 2018

financial sector is essential to unpacking various channels through which monetary policy operates. Global factors play a …

Persistent link: https://www.econbiz.de/10012909440

Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?

Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20

This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...

Persistent link: https://www.econbiz.de/10012816140

Macroeconomic risks and monetary policy in Central European countries : parallels in the Czech Republic, Hungary, and Poland

Ábel, István; Siklos, Pierre L. - In: Risks : open access journal 11 (2023) 11, pp. 1-26

Changes in interest rates, inflation, and exchange rates are the main components of macroeconomic risks (financial risks) in projects evaluation. However, the conduct of monetary policy as well as its impact on the economic environment is seldom considered as an important component of...

Persistent link: https://www.econbiz.de/10014436574

Central Bank Digital Currency : a Review and Some Macro-Financial Implications

Chen, Hongyi; Siklos, Pierre L. - 2021

Central Bank Digital Currency (CBDC) has become a major policy interest among global central banks. However, its …

Persistent link: https://www.econbiz.de/10013238268

Monetary Aggregates as Indicators of Economic Activity in Canada : Empirical Evidence

Siklos, Pierre L.; Barton, Andrew G. - 2001

Empirical evidence concerning the link between monetary aggregates and inflation or GDP growth has been underemphasized in recent years. This paper re-examines existing simple sum and creates composite monetary aggregates a la Feldstein and Stock (1996) in the Canadian context over the 1971-99...

Persistent link: https://www.econbiz.de/10014155493

Is the Mci a Useful Signal of Monetary Policy Conditions? An Empirical Investigation

Siklos, Pierre L. - 2000

This paper considers the role of the monetary conditions index as a tool to coomunicate the stance of monetary policy. The MCI is a linear combination of interest rate and exchange rate changes. Canada and New Zeland are pioneers in its usage. While the MCI was intended to increase monetary...

Persistent link: https://www.econbiz.de/10014142548

Central bank digital currency : A review and some macro-financial implications

Chen, Hongyi; Siklos, Pierre L. - 2022

Central Bank Digital Currency (CBDC) has attracted considerable interest and its deployment on a global scale is …

Persistent link: https://www.econbiz.de/10013306958

Monetary aggregates as indicators of economic activity in Canada: empirical evidence

Siklos, Pierre L.; Barton, Andrew G. - In: Canadian Journal of Economics 34 (2001) 1, pp. 1-17

Empirical evidence linking monetary aggregates to variables such as inflation and economic growth has weakened over the past two decades. In this study we re-examine these relationships by creating composite monetary aggregates that switch among existing monetary aggregates, using quarterly data...

Persistent link: https://www.econbiz.de/10005111455

Together or Apart? Monetary Policy Divergences in the G4

Howorth, Samuel - 2019

global element, pre- and post-crisis. Our divergence index also suggests more divergence in the stance of monetary policy … US monetary policy's impact among other systemically important economies has increased since the global financial crisis …We evaluate monetary policy divergence in the G4. A Taylor rule is extended that admits a global element and also …

Persistent link: https://www.econbiz.de/10012895307

Identifying the Shocks Driving Inflation in China

Siklos, Pierre L.; Zhang, Yang - 2008

The time profile of inflation in China resembles the one experienced in major industrial countries. Given the uncertainty surrounding the sources of economic shocks, this paper compares results from three sets of alternative identification conditions, namely the standard Blanchard-Quah approach,...

Persistent link: https://www.econbiz.de/10014223156

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