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Determinants of nonperforming loans in Central, Eastern and Southeastern Europe
Jakubik, Petr; Reininger, Thomas - In: Focus on European economic integration (2013) 3, pp. 45-63
Persistent link: https://www.econbiz.de/10009793363
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A comment on monetary policy and rational asset price bubbles
Allen, Franklin; Barlevy, Gadi; Gale, Douglas - 2023
to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising …
Persistent link: https://www.econbiz.de/10014316806
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Financial fragility, bubbles and monetary policy
Illing, Gerhard - 2001
The paper models the links between financial fragility, asset markets and monetary policy. It is shown that central … of an asset price bubble. In an economy with a highly leveraged financial structure, the central bank has an incentive to … a central bank to inject liquidity in a crisis. …
Persistent link: https://www.econbiz.de/10011398119
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Financial stability and monetary policy
Hellwig, Martin - 2015 - This version: April 1, 2015
, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate … stabilization to serving as a lender of the last resort. With the ascent of macroeconomics, these traditional tasks of central banks … fiat money system has widened the scope for central bank policies, which are no longer constrained by legal obligations …
Persistent link: https://www.econbiz.de/10011301235
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On the distributive effects of inflation
Gottlieb, Charles - 2015
This paper undertakes a quantitative investigation of the effects of anticipated inflation on the distribution of household wealth and welfare. Consumer Finance Data on household financial wealth suggests that about a third of the US population holds all its financial assets in transaction...
Persistent link: https://www.econbiz.de/10011345075
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Quantitative easing in the United Kingdom : evidence from financial markets on QE1 and QE2
Joyce, Michael A. S.; McLaren, Nick; Young, Chris - In: Oxford review of economic policy 28 (2012) 4, pp. 671-701
Persistent link: https://www.econbiz.de/10009727399
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Stability price index, core inflation and output volatility
Charemza, Wojciech; Shah, Imran - 2012
Persistent link: https://www.econbiz.de/10009670645
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Using financial markets to estimate the macro effects of monetary policy : an impact-identified FAVAR
Pitschner, Stefan - 2013
In this paper, I use high-frequency financial market estimates to identify the monetary policy shock in a non-recursive 133 variable FAVAR. All restrictions are imposed exclusively on impact, and only on financial market variables. Using the economy's underlying factor structure as the link...
Persistent link: https://www.econbiz.de/10009760371
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Control of finance as a prerequisite for successful monetary policy : a reinterpretation of Henry Simons’ “Rules versus Authorities in Monetary Policy”
Moe, Thorvald - In: Accounting, Economics, and Law : AEL ; a convivium 3 (2013) 3, pp. 261-276
Persistent link: https://www.econbiz.de/10010225585
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Ensuring financial stability : financial structure and the impact of monetary policy on asset prices
Assenmacher-Wesche, Katrin; Gerlach, Stefan - 2008 - Revised draft
This paper studies the responses of residential property and equity prices, inflation and economic activity to monetary policy shocks in 17 countries, using data spanning 1986 - 2006. We estimate VARs for individual economies and panel VARs in which we distinguish between groups of countries on...
Persistent link: https://www.econbiz.de/10010382339