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Effect of Monetary Policies on the Relationship between Advertising and Mutual Fund Flows

Wu, Ming-Hung - 2017

between advertising and subsequent net cash flows for Taiwan's mutual fund industry. Based on a comprehensive mutual fund … dataset and allowing for a precise estimation of fund inflows and outflows, we find that there is positive advertising … advertising works well during relatively low interest rate environments, which are generally interpreted as exhibiting low cost of …

Persistent link: https://www.econbiz.de/10012956355

The effect of monetary policies on the relationship between advertising and mutual fund flows

Wu, Ming-Hung; Tsai, Wei-Che; Chen, Miao-Ling - In: Asia-Pacific journal of financial studies 45 (2016) 5, pp. 673-704

Persistent link: https://www.econbiz.de/10011630771

Price bargaining, the persistence puzzle, and monetary policy

Wesselbaum, Dennis - 2010

In the recent New Keynesian literature a standard assumption is that the price for which an intermediate good is sold to the final good firm is equal to the marginal costs of the intermediate good firm. However, there is empirical evidence that this need not to hold. This paper introduces price...

Persistent link: https://www.econbiz.de/10003971894

Banking behaviour and political business cycle in Africa : the role of independent regulatory policies of the central bank

Ofori-Sasu, Daniel; Agbloyor, Elikplimi Komla; Nsafoah, … - 2024

This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...

Persistent link: https://www.econbiz.de/10014514254

Sticky Prices, Coordination and Enforcement

Driscoll, John C.; Itō, Harumi - 2003

Price-setting models with monopolistic competition and costs of changing prices exhibit coordination failure: in response to a monetary policy shock, individual agents lack incentives to change prices even when it would be Pareto-improving if all agents did so. The potential welfare gains are in...

Persistent link: https://www.econbiz.de/10014075823

Coordinated Effects in Monetary Policy

Schinkel, Maarten Pieter - 2018

Monetary policy affects the cost of capital, and thereby conditions for collusion in loan markets - which in turn influence the transmission of policy rates. Stronger countercyclical interest rate policy responses increase the scope for bank cartels on loan markets by decreasing the critical...

Persistent link: https://www.econbiz.de/10012918037

Duopolistic Competition and Monetary Policy

Ueda, Kozo - 2021

A standard macroeconomic model based on monopolistic competition (Dixit-Stiglitz) does not account for the strategic behaviors of oligopolistic firms. In this study, we construct a tractable Hotelling duopoly model with price stickiness to consider the implications for monetary policy. The key...

Persistent link: https://www.econbiz.de/10013241990

Cross-Selling in Bank Household Relationships. Implications for Deposit Pricing, Loan Pricing, and Monetary Policy

Basten, Christoph; Juelsrud, Ragnar Enger - 2022

Using administrative data on deposits and loans of every Norwegian with every Norwegian bank, we show that an existing deposit account makes a household more likely to hold deposits at the same bank later despite better alternatives and more likely to borrow there. Consistent with this, banks...

Persistent link: https://www.econbiz.de/10013492246

Imperfect Bank Competition, Borrower Adverse Selection, and the Transmission of Monetary Policy

Cantillo, Miguel - 2023

This paper studies bank competition with borrower adverse selection. In the model, expected non-performing loan costs are high when credit is granted in booms, when risk free rates are low, or when competition is strong. I prove that full competition is suboptimal due to this last effect; that...

Persistent link: https://www.econbiz.de/10014355959

Inflation, markups and monetary policy

Jonsson, Magnus; Palmqvist, Stefan Ulf - 2003

The correlation between persistent changes in the markup in one sector of an economy and the inflation rate is quantified in a 2-sector dynamic general equilibrium model. How this relationship is affected by monetary policy is also studied. We find that the correlation is in general positive...

Persistent link: https://www.econbiz.de/10011585093