Showing 1 - 10 of 3,578
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
The paper contributes to understanding the economic dynamics at the zero lower bound and the exchange rate movements under different central bank intervention regimes. It provides a theoretical framework for modeling foreign exchange interventions at the ZLB within a dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10010532424
Exchange Rate is one of the most important factor for any economic growth of any country, it has direct effect on international trade. The present study investigates the impact of macroeconomic factors (Current Account Deficit (CAD), Import, Export and Purchasing Power Parity (PPP)) on Exchange...
Persistent link: https://www.econbiz.de/10012931463
financial markets, economic activity or inflation. We also investigate the impacts of QE policy on regional bond yields and …
Persistent link: https://www.econbiz.de/10009379704
allow money-demand shocks to generate volatility in output and inflation, much as was the case under the money …
Persistent link: https://www.econbiz.de/10012159954
, with inflation well above the Bank of Canada’s 2 percent target, we are headed in the opposite direction. Where we will … interest rate environment. We restrict attention to those years when the Bank pursued inflation targeting to hold constant the … rate less inflation – is negative. As it turns out, the real interest rate was never negative from the beginning of our …
Persistent link: https://www.econbiz.de/10014356130
Macroprudential policy has gained prominence for promoting financial stability. In this paper, we assess the effectiveness of macroprudential policy in reducing credit growth over a 22-year period across 129 countries. Additionally, we investigate the interaction between macroprudential policy,...
Persistent link: https://www.econbiz.de/10014496532
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10012592174
series perspective. More specifically, we investigate how dollarization effects inflation, GDP, inflation uncertainty and … money-price relationship in Ecuador. There are four main findings of this study. First, inflation is lower after official … prices and increase in the equity markets of emerging economies. Third, inflation uncertainty measured by inflation variance …
Persistent link: https://www.econbiz.de/10003866780