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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 …
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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Monetary policy and poverty reduction
Chowdhury, Anis - University of Western Sydney; University of Western Sydney; … - 2005
There is now a consensus that economic growth is a dominant determinant of poverty. That is, poverty reduction requires sustained economic growth significantly above the population growth so that per capita income continues to rise. Economic growth raises mean income and reduces the proportion...
Persistent link: https://www.econbiz.de/10009481914
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Are shocks to national income persistent? New global evidence
Narayan, Seema; Narayan, Paresh Kumar - 2011
Purpose – This paper aims to investigate the integrational properties of real GDP for 125 countries . Design/methodology/approach – The paper applies the Kwiatkowski et al. univariate test and a KPSS-type univariate test that accounts for multiple structural breaks – a test procedure...
Persistent link: https://www.econbiz.de/10009483850
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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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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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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
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Dynamics of sectoral contributions to productivity development in context of business cycle
Novotná, Martina; Volek, Tomáš - 2012
The main aim of this paper is to analyse sectoral contributions to dynamics productivity and output development in context of business cycle. Used dates were Czech Republic behind years 1995- 2009 (15 years). The main used indicators were labour productivity and capital productivity. The...
Persistent link: https://www.econbiz.de/10011315945