Similar Search Results

Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Persistent link: https://www.econbiz.de/10011710723

Central bank communications before, during and after the crisis : from open-market operations to open-mouth policy

Vayid, Ianthi - 2013

The days when secrecy and opacity were the bywords of central banking are gone. The advent of inflation targeting in the early 1990s acted as the catalyst for enhanced transparency and communications in the conduct of monetary policy. In the wake of the 2007 - 09 global financial crisis, this...

Persistent link: https://www.econbiz.de/10010202233

Has Inflation Targeting Become Less Credible? Oil Prices, Global Aggregate Demand and Inflation Expectations During the Global Financial Crisis

Sussman, Nathan - 2018

inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices … expectations reacted more strongly to global aggregate demand conditions embedded in oil prices. Within this framework we cannot … reject the hypothesis that expectations remained anchored …

Persistent link: https://www.econbiz.de/10012916305

Systemic risk in a network model of interbank markets with central bank activity

Georg, Co-Pierre; Poschmann, Jenny - 2010

The breakdown of the interbank money markets in the face of the recent financial crisis has forced central banks and governments to take extraordinary measures to sustain financial stability. In this paper we investigate which influence central bank activity has on interbank markets. In our...

Persistent link: https://www.econbiz.de/10003971540

Stability and identification with optimal macroprudential policy rules

Chatelain, Jean-Bernard; Ralf, Kirsten - 2014 - Preprint

This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest...

Persistent link: https://www.econbiz.de/10010378907

Stability and Identification with Optimal Macroprudential Policy Rules

Chatelain, Jean-Bernard - 2014

Persistent link: https://www.econbiz.de/10013055547

Monetary Policy and Fears of Financial Instability

Brousseau, Vincent; Detken, Carsten - 2021

Exploiting a specific sunspot equilibrium in a standard forward-looking New Keynsian model, we present an example of a possible conflict between short-term price stability and financial stability. We find a conflict because the sunspot process consists of a self-fulfilling belief linking the...

Persistent link: https://www.econbiz.de/10013320710

Monetary policy and large crises in a financial accelerator agent-based model

Giri, Federico; Riccetti, Luca; Russo, Alberto; … - 2016

An accommodating monetary policy followed by a sudden increase of the short term interest rate often leads to a bubble burst and to an economic slowdown. Two examples are the Great Depression of 1929 and the Great Recession of 2008. Through the implementation of an Agent Based Model with a...

Persistent link: https://www.econbiz.de/10011509432

Taming macroeconomic instability : monetary and macro prudential policy interactions in an agent-based model

Popoyan, Lilit; Napoletano, Mauro; Roventini, Andrea - 2015

We develop an agent-based model to study the macroeconomic impact of alternative macro prudential regulations and their possible interactions with different monetary policy rules. The aim is to shed light on the most appropriate policy mix to achieve the resilience of the banking sector and...

Persistent link: https://www.econbiz.de/10011404599

Winter is possibly not coming : mitigating financial instability in an agent-based model with interbank market

Popoyan, Lilit; Napoletano, Mauro; Roventini, Andrea - 2019

We develop a macroeconomic agent-based model to study how financial instability can emerge from the co-evolution of interbank and credit markets and the policy responses to mitigate its impact on the real economy. The model is populated by heterogenous firms, consumers, and banks that locally...

Persistent link: https://www.econbiz.de/10011999716

1
2
3
4
5
6
7
8
9
10
Next
Last