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Did Monetary Laxity in Japan Cause the Bubble?
Posen, Adam S. - In: CESifo Forum 04 (2003) 4, pp. 21-26
Persistent link: https://www.econbiz.de/10011695739
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Central Bank accountability and transparency: theory and some evidence
Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000
Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …
Persistent link: https://www.econbiz.de/10010295694
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Money in monetary policy design: Monetary cross-checking in the New-Keynesian Model
Beck, Guenter W.; Wieland, Volker - 2009
In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary aggregates as long as certain standard assumptions on the distributions of unobservables are satisfied. The model has been criticized for failing to explain common trends in...
Persistent link: https://www.econbiz.de/10010303717
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Quantitative easing: A rationale and some evidence from Japan
Wieland, Volker - 2009
This paper reviews the rationale for quantitative easing when central bank policy rates reach near zero levels in light of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal Reserve and the European Central Bank. Empirical evidence...
Persistent link: https://www.econbiz.de/10010303752
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The Eurosystem, the US Federal Reserve and the Bank of Japan: similarities and differences
Gerdesmeier, Dieter; Mongelli, Francesco Paolo; Roffia, … - 2007
The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These monetary authorities exhibit somewhat different status and tasks, which reflect different historical conditions and national characteristics. However, widespread changes in central...
Persistent link: https://www.econbiz.de/10011604788
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Money in monetary policy design: Monetary cross-checking in the New-Keynesian model
Wieland, Volker; Beck, Günter W. - 2010
In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary aggregates as long as certain standard assumptions on the distributions of unobservables are satisfied. The model has been criticized for failing to explain common trends in...
Persistent link: https://www.econbiz.de/10011605237
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Zinserhöhung der EZB: Wie groß ist die Inflationsgefahr?
Mayer, Thomas; Schmieding, Holger; Jäger-Ambrozewicz, … - In: ifo Schnelldienst 64 (2011) 14, pp. 3-26
werden. Es wäre somit wünschenswert, wenn die EZB ihre begonnene restriktive Geldpolitik fortsetzen würde. Hans Wolfgang …
Persistent link: https://www.econbiz.de/10011693203
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Führt die Geldpolitik der japanischen Zentralbank zu einem Währungskrieg?
Matthes, Jürgen; Löchel, Horst; Vollmer, Uwe; … - In: ifo Schnelldienst 66 (2013) 10, pp. 3-18
Beginnt die japanische Notenbank mit ihrer lockeren Geldpolitik einen Abwertungswettlauf? Jürgen Matthes, Institut der … japanische Geldpolitik aus der Perspektive der aufstrebenden Volkswirtschaften zu beurteilen. Für sie folge aus dem Kurs der … japanischen Geldpolitik, dass noch mehr Kapital in ihre Länder fließe, was mit der Gefahr der Bildung von Vermögensblasen, einer …
Persistent link: https://www.econbiz.de/10011693495
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The Norges Bank's key rate projections and the news element of monetary policy: A wavelet based jump detection approach
Winkelmann, Lars - 2010
This paper investigates the information content of the Norges Bank's key rate projections. Wavelet spectrum estimates provide the basis for estimating jump probabilities of short- and long-term interest rates on monetary policy announcement days before and after the introduction of key rate...
Persistent link: https://www.econbiz.de/10010281508
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The information content of central bank interest rate projections: Evidence from New Zealand
Detmers, Gunda-Alexandra; Nautz, Dieter - 2011
The Reserve Bank of New Zealand (RBNZ) has been the first central bank that began to publish interest rate projections in order to improve its guidance of monetary policy. This paper provides new evidence on the role of interest rate projections for market expectations about future short-term...
Persistent link: https://www.econbiz.de/10010281576