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This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock. The paper attempts to give quantitative answers to...
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Macroeconomic regulations and Chinese Central Bank under the old normal -- The new normal and new challenges -- Central … Bank's new monetary policy -- New objectives for monetary policy -- Revolutions in monetary policy instruments -- New … monetary policy transmission mechanism -- The Central Bank and financial regulation -- The globalization of Central Bank under …
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Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper …
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This note proposes an update to Figure 1 in "Macroeconomic Shocks and their Propagation" in the Handbook of Macroeconomics of 2016 (Ramey, 2016). Figure 1 of Ramey (2016) reports Impulse-Response Functions (IRFs) of variables of interest to a shock in the Federal Funds Rate, following the...
Persistent link: https://www.econbiz.de/10012416282
framework and the roles of the central banks were no longer tenable. This prompted rethinking of central bank objectives …’ bearing on the roles and responsibilities of the National Bank of the Republic of North Macedonia. In the last decade, legal … of the central bank, to enhance financial stability coordination among regulatory agencies, as well as to improve micro …
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