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Helicopter Ben, monetarism, the New Keynesian credit view and loanable funds
Fiebiger, Brett; Lavoie, Marc - 2018
targeting with inflation targeting while preserving monetarist results. In this monetarism without money, fiscal policy was not … monetary dominance was the monetarist reinterpretation of the Great Depression. In the 1990s orthodoxy replaced money supply …
Persistent link: https://www.econbiz.de/10011926922
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Friedman's Monetary Economics in Practice
Nelson, Edward - 2011
to the path of short-term rates; 3) deposit insurance has been extended, helping to insulate the money stock from credit … approaches to stabilization policy). One notable part of the policy response, the TALF initiative, draws largely on frameworks …
Persistent link: https://www.econbiz.de/10013124914
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The transmission of German monetary policy in the pre-Euro period
Lütkepohl, Helmut; Wolters, Jürgen - 2001
A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...
Persistent link: https://www.econbiz.de/10011400913
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Floor systems for implementing monetary policy : some unpleasant fiscal arithmetic
Berentsen, Aleksander; Marchesiani, Alessandro; Waller, … - 2013
An increasing number of central banks implement monetary policy via a channel system or a floor system. We construct a general equilibrium model to study the properties of these systems. We find that the optimal framework is a floor system if and only if the target rate satisfies the Friedman...
Persistent link: https://www.econbiz.de/10009763122
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What explains month-end funding pressure in Canada?
Sutherland, Christopher S. - 2017
non-mutually exclusive hypotheses to explain this phenomenon. First, month-end funding pressure may be caused by search … liquidity preference, heightened month-end forecast uncertainty, and resultant search frictions in the repo market. Second, this …
Persistent link: https://www.econbiz.de/10011661122
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Monetary policy implementation and pass-through
Canetg, Fabio - 2020
market operations and interest on reserves policies. I show that open market operations affect the money market rate, the …
Persistent link: https://www.econbiz.de/10012170663
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Was there a regime change in the German monetary transmission mechanism in 1983?
Candelon, Bertrand; Lütkepohl, Helmut - 2000
policy was satisfied. -- cointegration analysis ; monetary policy ; Markov regime switching analysis ; money demand ; vector …
Persistent link: https://www.econbiz.de/10009583433
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The transmission of German monetary policy in the pre-Euro period
Lütkepohl, Helmut; Wolters, Jürgen - 2001
analysis ; monetary policy ; money demand ; structural vector error correction model …
Persistent link: https://www.econbiz.de/10009616780
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Monetary Policy Implementation : Misconceptions and Their Consequences
Disyatat, Piti - 2013
Despite constituting the very heart of the monetary transmission mechanism, widespread misconceptions still exist regarding how monetary policy is implemented. This paper highlights the key misconceptions in this regard and shows how they have compromised the understanding of important aspects...
Persistent link: https://www.econbiz.de/10012710838
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Changing Monetary Transmission Mechanisms within the EU
Juselius, Katarina - 1998
" in March 1983. The empirical model investigates the determination of money, income, prices, and interest rates in Germany …
Persistent link: https://www.econbiz.de/10014215606