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safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … 2003 2013. Our results suggest that the potential success of OMTs in restoring the monetary transmission mechanism is …
Persistent link: https://www.econbiz.de/10010480578
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an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … 2003-2013. Our results suggest that the potential success of OMTs in restoring the monetary transmission mechanism is …
Persistent link: https://www.econbiz.de/10010246072
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This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...
Persistent link: https://www.econbiz.de/10002593305
This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...
Persistent link: https://www.econbiz.de/10002578199
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