Narrow search
Showing 1 - 10 of 851
Cover Image
Money, inflation, and unemployment in the presence of informality
Lahcen, Mohammed Aït - 2017
This paper studies the impact of informality on the long-run relationship between inflation and unemployment in … developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … informality when considering the inflation-unemployment trade-off in the conduct of monetary policy. …
Persistent link: https://www.econbiz.de/10011790433
Cover Image
A comparison of exchange economies within a monetary business cycle
Benk, Szilárd; Gillman, Max; Kejak, Michal - 2005
The paper sets out a monetary business cycle model with three alternative exchange technologies, the cash-only, shopping time, and credit production models. The goods productivity and money shocks affect all three models, while the credit model has in addition a credit productivity shock. The...
Persistent link: https://www.econbiz.de/10011516921
Cover Image
Liquidity risk and banks' asset composition : implications for monetary policy
Ghossoub, Edgar - In: Southern economic journal 77 (2010) 2, pp. 465-481
Persistent link: https://www.econbiz.de/10008735701
Cover Image
Re-vitalizing money demand in the euro area : still valid at the zero lower bound
Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016
The analysis of monetary developments have always been a cornerstone of the ECB’s monetaryanalysis and, thus, of its overall monetary policy strategy. In this respect, money demandmodels provide a framework for explaining monetary developments and assessing price stabilityover the medium term....
Persistent link: https://www.econbiz.de/10011532681
Cover Image
Information Flow and Expected Inflation : An Empirical Analysis
Cornell, Bradford - 2019
This paper begins by ranking the absolute value of changes in the 10-year break-even inflation (BEI) calculated using 10-year Treasury notes and 10-year TIPS. Next, a news search is conducted to determine what inflation related information was released on days when the change in the BEI was...
Persistent link: https://www.econbiz.de/10012903748
Cover Image
Measuring inflation anchoring and uncertainty : a US and Euro area comparison
Grishchenko, Olesya; Mouabbi, Sarah; Renne, Jean-Paul - 2017
We use several US and euro-area surveys of professional forecasters to estimate a dynamic factor model of inflation featuring time-varying uncertainty. We obtain survey-consistent distributions of future inflation at any horizon, both in the US and the euro area. Equipped with this model, we...
Persistent link: https://www.econbiz.de/10011803186
Cover Image
Optimal monetary policy and default
Lizarazo, Sandra; Da-Rocha, Jose-Maria - Volkswirtschaftliche Fakultät, … - 2011
In a context in which individuals might default on their debts and subsequently be excluded from credit markets, holding money helps agents smooth their consumption during periods in which they cannot borrow. Therefore holding money makes the punishment to default less severe. In this context,...
Persistent link: https://www.econbiz.de/10009151139
Cover Image
How justified is abandoning money from monetary policy? : evidence from dynamically simulated ARDL
Adil, Masudul Hasan; Hatekar, Neeraj R. - In: Cogent economics & finance 11 (2023) 1, pp. 1-20
The stable money demand function is a crucial policy tool of the monetary policy of any central bank, which links the monetary sector of an economy to its real sector. Notably, after the global financial crisis of 2007-08, the role of money has come to be envisaged as an essential issue while...
Persistent link: https://www.econbiz.de/10014500858
Cover Image
Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia
Bhattacharya, Rina - 2013
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role does monetary policy play? and (ii) why has inflation in...
Persistent link: https://www.econbiz.de/10013078381
Cover Image
Shocks to bank lending, risk-taking, securitization, and their role for US business cycle fluctuations
Peersman, Gert; Wagner, Wolf - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10010257361