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Monetary policy implementation and pass-through

Canetg, Fabio - 2020

I provide a simple general equilibrium model of monetary policy implementation and pass-through for undergraduate and graduate teaching. Besides a household and a firm, the model features a continuum of commercial banks, a government, and a central bank. The household uses deposits and cash to...

Persistent link: https://www.econbiz.de/10012170663

Tunisia monetary policy since the Arab Spring : the fall of the exchange rate anchor and rise of inflation targeting

El Hamiani Khatat, Mariam; End, Nicolas; Kolsi, Rym - 2020

In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …

Persistent link: https://www.econbiz.de/10012301899

The Fed's "ample-reserves" approach to implementing monetary policy

Ihrig, Jane; Senyuz, Zeynep; Weinbach, Gretchen C. - 2020

Persistent link: https://www.econbiz.de/10012388563

Bank leverage regulation and macroeconomic dynamics

Christensen, Ian; Meh, Césaire Assah; Moran, Kevin - 2011

This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with monetary policy. The framework used is a dynamic stochastic general equilibrium model with banks and bank capital, in which...

Persistent link: https://www.econbiz.de/10009728167

Managing GDP tail risk

Duprey, Thibaut; Ueberfeldt, Alexander - 2020 - Last updated: January 28, 2020

We propose a novel framework to analyze how policy-makers can manage risks to the median projection and risks specific to the tail of gross domestic product (GDP) growth. By combining a quantile regression of GDP growth with a vector autoregression, we show that monetary and macroprudential...

Persistent link: https://www.econbiz.de/10012154134

Quantitative easing as a policy tool under the effective lower bound

Reza, Abeer; Santor, Eric; Suchanek, Lena - 2015

This paper summarizes the international evidence on the performance of quantitative easing (QE) as a monetary policy tool when conventional policy rates are constrained by the effective lower bound (ELB). A large body of evidence suggests that expanding the central bank's balance sheet through...

Persistent link: https://www.econbiz.de/10011384133