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Foreign Exchange Market Interventions: New Empirical Views of Emerging Markets

Brause, Alexander F. - 2010

Ergebnisse dieser Studien führten in den letzten Jahren zu der weitverbreiteten Meinung, dass Interventionen am Devisenmarkt kein … mit den Interventionserfahrungen von Emerging Markets. Geldpolitik in Emerging Markets zeichnet sich oftmals durch eine … über Notenbankinterventionen am Devisenmarkt näher zu bringen und neue Aspekte in Bezug auf Emerging Markets zu diskutieren …

Persistent link: https://www.econbiz.de/10009433706

Two essays on monetary policy under the Taylor rule

Goldberg, Dror (contributor); Li, Qi (contributor) - 2004

In this dissertation, two questions concerning monetary policy under the Taylor rule have been addressed. The ﬁrst question is on, under the Taylor rule, whether a central bank should be responsible for both bank supervision and monetary policy or whether the two tasks should be exercised by...

Persistent link: https://www.econbiz.de/10009464972

The difficulty of discerning what's too tight: Taylor rules and Japanese monetary policy

Posen, Adam; Kuttner, Kenneth - 2003

Observers have relied increasingly on simple reaction functions, such as the Taylor rule, to assess the conduct of monetary policy. Applying this approach to deflationary or near-zero inflation environments is problematic, however, and this paper examines two shortcomings of particular relevance...

Persistent link: https://www.econbiz.de/10009472315

How European is the European Central Bank's Monetary Policy?

Petrova, Teodora D. - 2010

and could drive their economies out of alignment (Salvatore, 2002).The literature on the topic suggests a theory also …

Persistent link: https://www.econbiz.de/10009449317

The Taylor rule and dynamic stability in a small macroeconomic model

Chappell, David; Turner, Paul - 2003

In this paper we embed the Taylor interest rate rule in a simple macroeconomic model with Calvo contracts. We contrast this with the case in which the interest rate is determined by the conventional LM curve along with a fixed value for the monetary aggregate. We derive conditions under which...

Persistent link: https://www.econbiz.de/10009461225

AN ANALYSIS ON MONETARY CONDITION INDEX IN TURKEY BY USING STRUCTURAL VAR ANALYSIS

AÇCI, Yunus; TASAR, Izzet - 2016

The Central Bank of Turkey (TCMB) has a significant power on aggregate demand and inflation expectation via monetary policy tools. While deciding monetary policies it’s a crucial question and a discussion topic for TCMB (Turkish Republic Central Bank) if the policy makers should take into...

Persistent link: https://www.econbiz.de/10011529234

How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia

Horváth, Roman; Rusnák, Marek - 2008

In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...

Persistent link: https://www.econbiz.de/10009477391

Economic structures, the nature of shocks and the role of exchange rate in the monetary policy formation in the emerging countries of East-Asia

Siok Kun Sek - 2009

This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...

Persistent link: https://www.econbiz.de/10009429030

Essays on speculative bubbles in financial markets

Mungule, Oswald Kombe - 2012

exchange rate andthe stock price. By invoking the rational bubbles theory and using the residuals,we compute the asset price … bubbles using the expectational restriction for rationalbubbles theory. Three robustness checks on the computed bubbles con rm …

Persistent link: https://www.econbiz.de/10009481284

Essays on asset pricing and the macroeconomy

Kliem, Martin - 2009

Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert …

Persistent link: https://www.econbiz.de/10009467149

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