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signals, we show that the release of more precise public information about future rates lowers the informativeness of market …. However, when the increase in precision of public information is sufficiently large, uncertainty is unambiguously reduced. …
Persistent link: https://www.econbiz.de/10011997441
environment in which Reserve Bank implements its policies. This paper tries to explore the specific impact of financial innovation … on the monetary transmission mechanism, and hence the capacity of Reserve Bank to stabilise the economy and promote long … policies. Financial innovation puts effect on the policies of Reserve Bank through interest rate, credit and exchange rate …
Persistent link: https://www.econbiz.de/10013008989
We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance …
Persistent link: https://www.econbiz.de/10012384477
The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side …
Persistent link: https://www.econbiz.de/10011712553
' educational and professional backgrounds as disclosed through central bank websites. Based on a novel cross-sectional data set …
Persistent link: https://www.econbiz.de/10009305845
This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing … that the central bank uses to manage liquidity in the economy, which creates a role for the central bank balance sheet in … list of eligible collaterals accepted at the liquidity facilities operated by the central bank. These policies have been …
Persistent link: https://www.econbiz.de/10011285637
Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …
Persistent link: https://www.econbiz.de/10010195538
This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and classified with respect to the specific ECB...
Persistent link: https://www.econbiz.de/10009783711
Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …
Persistent link: https://www.econbiz.de/10010350450
autoregressive framework. In this paper, I complement these studies and employ a matching approach to examine the impact of the Bank …
Persistent link: https://www.econbiz.de/10011553983