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Persistent link: https://www.econbiz.de/10008906374
States, the United Kingdom, Euro area and Japan- the Systemic Four-on global monetary and liquidity conditions. Overall, the … countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but …
Persistent link: https://www.econbiz.de/10011445532
States, the United Kingdom, Euro area and Japan - the Systemic Four - on global monetary and liquidity conditions. Overall … individual S4 countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global … liquidity but negative association with securities issuance. The quantitative easing (QE) of the Bank of England has the …
Persistent link: https://www.econbiz.de/10013000776
States, the United Kingdom, Euro area and Japan-the Systemic Four-on global monetary and liquidity conditions. Overall, the … countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but …
Persistent link: https://www.econbiz.de/10012996076
Persistent link: https://www.econbiz.de/10001400640
This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world...
Persistent link: https://www.econbiz.de/10013170322
Persistent link: https://www.econbiz.de/10012509640
Persistent link: https://www.econbiz.de/10011688323
For Matías Vernengo and Esteban Pérez Caldentey (2020), the MMT literature overemphasizes the choice of the exchange rate regime and the relevance of a flexible exchange rate regime, as well as the ultimate effect of that choice upon the policy space. In addition, they argue that the role of...
Persistent link: https://www.econbiz.de/10014551300
Persistent link: https://www.econbiz.de/10014317096