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Essays in empirical macroeconomics with application to monetary policy in a data-rich environment
Amir Ahmadi, Pooyan - 2010
untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt … Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar … explizit ökonomische Theorie zur Datenanalyse verwendet. Zur Identifikation makroökonomischer Schocks verwende ich sowohl …
Persistent link: https://www.econbiz.de/10009467170
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Customer Markets and the Real Effects of Monetary Policy Shocks
Hristov, Nikolay - 2008
In recent years the New Keynesian Model with price stickiness of the Calvo type has become the most widely used theoretical framework for addressing various normative issues such as how optimal monetary and fiscal policy should be conducted. However, the New Keynesian Model has been criticized...
Persistent link: https://www.econbiz.de/10009482289
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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
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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
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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
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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
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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
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Essays in macroeconomics and asset pricing.
Manaenkov, Daniil - 2009
University of Minnesota Ph.D. dissertation. July 2011. Major:Economics. Advisor: Patrick Kehoe. 1 computer file (PDF); ix, 119 pages, appendices A-B.
Persistent link: https://www.econbiz.de/10009462856
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Hazardous times for monetary policy : what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?
Jiménez Zambrano, Gabriel; Saurina Salas, Jesús - 2008
We identify the impact of short-term interest rates on credit risk-taking by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was mostly decided abroad. Discrete choice, within borrower comparison and duration analyses show that...
Persistent link: https://www.econbiz.de/10012530228