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Effectiveness of the easing of monetary policy in the Japanese economy, incorporating energy prices
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - 2014
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve … sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary … significantly in Japan with lower interest rates. Private investment displays this unconventional behavior because of uncertainty …
Persistent link: https://www.econbiz.de/10010425704
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The Covid-19 lesson from Sweden : don't lock down
Andersson, Fredrik N. G.; Jonung, Lars - In: Economic affairs : journal of the Institute of Economic … 44 (2024) 1, pp. 3-16
Persistent link: https://www.econbiz.de/10014531971
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The Covid-19 lesson from Sweden : don't lockdown
Andersson, Fredrik N. G.; Jonung, Lars - 2023
The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social distancing were imposed, commonly known as lockdowns. In some cases, entire countries were virtually locked down for several weeks at a time, contributing to a very severe downturn...
Persistent link: https://www.econbiz.de/10014390569
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Oil price shocks and macroeconomic dynamics in an oil-exporting emerging economy : a New Keynesian DSGE approach
Oladunni, Sunday - In: CBN journal of applied statistics 11 (2020) 1, pp. 1-34
The global oil dynamics has significant implications for both oil exporting and importing small open economies. However, much of the literature on oil shocks is oriented towards advanced oil-importing economies. Micro-founded studies that explore the effects of oil shocks from the standpoint of...
Persistent link: https://www.econbiz.de/10012297450
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Capital Markets, COVID-19 and Policy Measures
ElFayoumi, Khalid; Hengge, Martina - 2021
The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...
Persistent link: https://www.econbiz.de/10013234704
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Understanding U.S. Inflation During the COVID Era
Ball, Laurence; Leigh, Daniel; Mishra, Prachi - 2022
This paper analyzes the dramatic rise in U.S. inflation since 2020, which we decompose into a rise in core inflation as measured by the weighted median inflation rate and deviations of headline inflation from core. We explain the rise in core with two factors, the tightening of the labor market...
Persistent link: https://www.econbiz.de/10014238516
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Monetary Policy and COVID-19
Brzoza-Brzezina, Michal; Kolasa, Marcin; Makarski, Krzysztof - 2022
We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with nominal rigidities. We evaluate various containment policies and show that they allow to dramatically reduce the welfare cost of the disease. Then we investigate the role that...
Persistent link: https://www.econbiz.de/10013298753
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The backfiring effects of monetary and gift incentives on Covid-19 vaccination willingness
Zhanga, Xinrui; Lane, Tom - 2022
Policies offering material incentives for Covid-19 vaccination have been widely used around the world as countries pursue the pressing objective of boosting immunity. This paper reports an experiment in China aimed at testing the effects of such interventions on vaccination willingness. We...
Persistent link: https://www.econbiz.de/10013389372
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Demographics and real interest rates : inspecting the mechanism
Carvalho, Carlos Viana de; Ferrero, Andrea; Nechio, Fernanda - 2016
The demographic transition can affect the equilibrium real interest rate through three channels. An increase in longevity - or expectations thereof - puts downward pressure on the real interest rate, as agents build up their savings in anticipation of a longer retirement period. A reduction in...
Persistent link: https://www.econbiz.de/10011439850
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Demographics and real interest rates : inspecting the mechanism
Carvalho, Carlos Viana de; Ferrero, Andrea; Nechio, Fernanda - 2016
Persistent link: https://www.econbiz.de/10011532326