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Abildgren, Kim - In: Journal of financial economic policy 8 (2016) 4, pp. 458-471

Persistent link: https://www.econbiz.de/10011697836

Nicht zu früh bremsen! : der Einfluss der Geldpolitik auf die langfristige Wirtschaftsentwicklung in Deutschland und den USA

Schettkat, Ronald; Sun, Rongrong - 2009

Neutralität von Geldpolitik wurde diese bei der Suche nach den Ursachen europäischer Arbeitslosigkeit verschont. Tatsächlich … Arbeitsmarktinstitutionen. Wir argumentieren, dass das Zusammenwirken negativer Schocks und einer restriktiven Geldpolitik die wesentliche –wenn … Europa war. Die Bundesbank –Europas „Zentralbank“ vor Etablierung der EZB- hat eine asymmetrische Geldpolitik in dem Sinne …

Persistent link: https://www.econbiz.de/10003836155

Revisiting the Great Moderation : policy or luck?

Minford, Patrick; Ou, Zhirong; Wickens, Michael R. - 2014 - May 2012, updated April 2014

We investigate the relative roles of monetary policy and shocks in causing the Great Moderation, using indirect inference where a DSGE model is tested for its ability to mimic a VAR describing the data. A New Keynesian model with a Taylor Rule and one with the Optimal Timeless Rule are both...

Persistent link: https://www.econbiz.de/10010354539

Early exit from ECB bond purchase program could reduce GDP growth and inflation

Clemens, Marius; Gebauer, Stefan; Rieth, Malte - In: DIW economic bulletin 7 (2017) 49, pp. 533-540

The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic implications of different exit strategies. The...

Persistent link: https://www.econbiz.de/10011750746

Macroeconomic Policy in India Since the Global Financial Crisis : Trends, Policies and Challenges in Economic Revival Post-Covid

Morris, Sebastian - 2022

Chapter 1. Introduction -- Chapter 2. Trends in Growth since the GFC -- Chapter 3. Credit, Employment and the Current Account -- Chapter 4. Capital Formation and Foreign Investment -- Chapter 5. Inflation and Monetary Developments -- Chapter 6. Policy and Analyses Chapter -- 7. Reflexive, not...

Persistent link: https://www.econbiz.de/10013203515

Monetary Policy and Economic Performance Since the Financial Crisis

Caldara, Dario - 2020

The analysis in this paper was presented to the Federal Open Market Committee as background for its discussion of the Federal Reserve's review of monetary policy strategy, tools, and communication practices. The Committee discussed issues related to the review at five consecutive meetings from...

Persistent link: https://www.econbiz.de/10012824115

Monetary Policy and Economic Performance Since the Financial Crisis

Caldara, Dario; Gagnon, Etienne; Martínez-García, Enrique - 2020

We review macroeconomic performance over the period since the Global Financial Crisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate reached the effective lower bound....

Persistent link: https://www.econbiz.de/10014048774

Monetary Policy and Economic Performance Since the Financial Crisis

Caldara, Dario; Gagnon, Etienne; Martínez-García, Enrique - 2021

We review the macroeconomic performance during the Global Financial Crisis and subsequent economic expansion, as well as the challenges in the pursuit of the Federal Reserve's dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate...

Persistent link: https://www.econbiz.de/10013323823

Monetary discipline and macroeconomic performance : the case of Indonesia

Ramayandi, Arief; Rosario, Aleli - 2010

Lax monetary policy in the United States has been pointed out as one of the responsible factors behind the recent global crisis. Similar loose monetary conditions also prevailed in many European countries before the crisis and were argued to be among the accommodating factors behind the run-up...

Persistent link: https://www.econbiz.de/10008826302

New evidence on the effectiveness of "Quantitative Easing" in Japan

Voutsinas, Konstantinos; Werner, Richard A. - 2011

Central banks have recently introduced new policy initiatives, including a policy called "Quantitative Easing" (QE). Since it has been argued by the Bank of England that "Standard economic models are of limited use in these unusual circumstances, and the empirical evidence is extremely limited"...

Persistent link: https://www.econbiz.de/10009356669