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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 … zu vereinbaren. Ein faktorbasiertes DSGE Modell wird gemeinsam mit einem dynamischen Faktormodell geschätzt. Hierbei wird …
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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Optimal Monetary and Fiscal Policy for Small Open and Emerging Economies
Fasolo, Angelo Marsiglia - 2010
This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single...
Persistent link: https://www.econbiz.de/10009475440
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Fiscal expenditure spillovers in the euro area: An empirical and model-based assessment
Alloza Frutos, Mario; Ferdinandusse, Marien; Jacquinot, … - 2020
Este documento describe los principales canales de transmisión de los efectos desbordamiento (spillovers) de las políticas fiscales nacionales a otros países de la zona del euro y analiza su magnitud utilizando diferentes modelos. En el contexto de la Unión Económica y Monetaria (UEM), los...
Persistent link: https://www.econbiz.de/10012524802
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Monetary policy and disintermediation in South Africa : 1970–2010 / Michael Oldfield
Oldfield, Michael John - 2011
This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...
Persistent link: https://www.econbiz.de/10009455940
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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
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Credit supply : identifying balance-sheet channels with loan applications and granted loans
Jiménez Zambrano, Gabriel; Ongena, Steven; Peydró, … - 2010
To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and all loans granted in Spain. We find that during the period analyzed both worse economic and tighter monetary conditions reduce loan granting, especially to firms or from banks...
Persistent link: https://www.econbiz.de/10012530305
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Robust Control and Persistence in New Keynesian Monetary Policy Analysis
Paetz, Michael - 2007
von gestörten Modellen um das Referenzmodell und wählt die optimale Geldpolitik so, dass diese im ungünstigsten Modellfall … geldpolitisches Instrument beinhaltet. Wesentlich für die Herleitung der optimalen Geldpolitik ist die Persistenz in der Inflations … zwischen Geldpolitik und verschiedenen Arten von Unsicherheit verdeutlicht, bevor in Kapitel 3 die derzeitige state …
Persistent link: https://www.econbiz.de/10009449715