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Did Monetary Laxity in Japan Cause the Bubble?
Posen, Adam S. - In: CESifo Forum 4 (2003) 4, pp. 21-26
Persistent link: https://www.econbiz.de/10005013171
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Shock from Graying; Is the Demographic Shift Weakening Monetary Policy Effectiveness
Imam, Patrick A. - International Monetary Fund (IMF) - 2013
Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in unemployment—compared to the past. We examine another...
Persistent link: https://www.econbiz.de/10011242214
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Deciding to Enter a Monetary Union; TheRole of Trade and Financial Linkages
Lama, Ruy; Rabanal, Pau - International Monetary Fund (IMF) - 2012
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....
Persistent link: https://www.econbiz.de/10011242323
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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. 03-18
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/10010684155
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Japan; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper examines implications for long-term bond yields in case of Japan. The analysis finds that so far, upward pressure on interest rates from high public debt has been offset by domestic factors, including a stable investor base with a preference for safe assets. As these...
Persistent link: https://www.econbiz.de/10011245208
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Monetary Policy during Very Low Inflation
Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 1-2, pp. 64-67
The article summarizes the main points discussed at the seminar on Monetary Policy during Very Low Inflation, held by the Czech Economic Association in June 2003. There were two main speakers at the seminar. The first was Jan Frait (Czech National Bank), who summarized the main ideas of...
Persistent link: https://www.econbiz.de/10008495641
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The Effects of Unconventional Monetary Policies on Bank Soundness
Lambert, Frederic; Ueda, Kenichi - International Monetary Fund (IMF) - 2014
Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...
Persistent link: https://www.econbiz.de/10011142163
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United Kingdom: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the United Kingdom
International Monetary Fund (IMF); International … - 2014
KEY ISSUES The economy has rebounded strongly and prospects are promising. Headwinds that previously held back the economy—relating notably to credit conditions and confidence—have eased. Nonetheless, sustaining strong growth will depend on a recovery in productivity growth and...
Persistent link: https://www.econbiz.de/10011245420
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The New Monetary Policy Framework of the United Kingdom
Stiehler, Ulrich - International Monetary Fund (IMF) - 1995
Persistent link: https://www.econbiz.de/10005769376
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The Impact of Uncertainty Shocks on the UK Economy
Denis, Stephanie; Kannan, Prakash - International Monetary Fund (IMF) - 2013
This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at...
Persistent link: https://www.econbiz.de/10010790244