Showing 1 - 10 of 640
This dissertation focuses on monetary policy rules in the OECD countries at both theoretical and empirical levels. It is divided into seven chapters.Chapter 1 presents some recent literature on monetary policy rules and introduces the goal and organization of this dissertation.Chapter 2 explores...
Persistent link: https://www.econbiz.de/10009452583
area banks to loans and deposits during the 1994-2004 period, using a novel measure of competition called the Boone … pass-through of market rates to bank interest rates, we likewise find that banks tend to price their loans more in … suggest that the competitive pressure is heavier in the loan market than in the deposit markets, so that banks compensate for …
Persistent link: https://www.econbiz.de/10012530221
by a list of victims consisting of banks and hedge funds. Although the current mortgage mess was caused by the subprime …
Persistent link: https://www.econbiz.de/10009452579
supply decisions of banks in the light of expectations about the future course of monetary policy. Using the model as a guide …
Persistent link: https://www.econbiz.de/10009433724
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
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
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
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
is a pointer that explains if the central banks policies expansionary or tight. The reality that MCI can have influence …
Persistent link: https://www.econbiz.de/10011529234
. As assets and borrowing shifted from banks to pension funds and other institutional investors, the market-based systems … that replaced bank-based systems became more procyclical and more vulnerable to systemic risk. In addition, banks’ receding … share of financial assets undermined their role in channeling monetary policy initiatives and thus eroded central banks …
Persistent link: https://www.econbiz.de/10009467882