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Privatisierung von Schieneninfrastruktur zusammengefasst. …
Persistent link: https://www.econbiz.de/10009481011
life of term bonds in order to understand the yield curve effect of central banks’ government bond purchases. Motivated by … structure model. We find that an asset purchase shock equivalent to 10% of euro area GDP lowers the 10-year average yield of the …-free (OIS) yield curve, the same shock lowers the 10-year rate and term premium by 35 and 26 bp, respectively. …
Persistent link: https://www.econbiz.de/10013482139
life of term bonds in order to understand the yield curve effect of central banks’ government bond purchases. Motivated by … structure model. We find that an asset purchase shock equivalent to 10% of euro area GDP lowers the 10-year average yield of the …-free (OIS) yield curve, the same shock lowers the 10-year rate and term premium by 35 and 26 bp, respectively. …
Persistent link: https://www.econbiz.de/10013523637
Uma avaliação empírica da existência de racionamento de crédito, segundo Stiglitz e Weiss (1981), requer o estudo do impacto da política monetária sobre o mercado de crédito, em especial sobre a taxa de juros dos empréstimos. Desta forma, o objetivo deste artigo é analisar as...
Persistent link: https://www.econbiz.de/10009446743
Monetary policy's weight in macroeconomic policy has increased over the past years, especially with the liberalization of financial markets and development of new financial instruments. With this new global economy, the gap between countries has become wider, and the less developed are...
Persistent link: https://www.econbiz.de/10009460826
The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation expectations in South Africa, and offers an additional method,...
Persistent link: https://www.econbiz.de/10009480482
Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert … habitually formed preferences and Bayesian techniques to yield theoretical and empirical insights, which help to reduce the …
Persistent link: https://www.econbiz.de/10009467149
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 …
Persistent link: https://www.econbiz.de/10009467170
-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine …
Persistent link: https://www.econbiz.de/10009476166
Information asymmetries seem to play an important role in monetary economics. We consider three forms of information transmission which can be used to alleviate these information asymmetries. First, if information is verifiable or the publication of information is in the central bank's interest,...
Persistent link: https://www.econbiz.de/10009476206