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A comment on monetary policy and rational asset price bubbles
Allen, Franklin; Barlevy, Gadi; Gale, Douglas - 2023
to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising …
Persistent link: https://www.econbiz.de/10014316806
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Macroprudential Regulation and the Role of Monetary Policy
Tayler, William; Zilberman, Roy - 2014
response to inflation in the central bank policy rule yield the lowest welfare losses. The findings emphasize the importance of …
Persistent link: https://www.econbiz.de/10010335198
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Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those …
Persistent link: https://www.econbiz.de/10009635882
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How does the ECB allot liquidity in its weekly main refinancing operations?
Ejerskov, Steen; Moss, Clara Martin; Stracca, Livio - 2003
This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
Persistent link: https://www.econbiz.de/10009635957
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Poland's policy mix: fiscal or monetary leadership?
Darnaut, Nathalie; Kutos, Paul - 2005
Persistent link: https://www.econbiz.de/10009686312
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A comment on monetary policy and rational asset price bubbles
Allen, Franklin; Barlevy, Gadi; Gale, Douglas - 2023
to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising …
Persistent link: https://www.econbiz.de/10014480521
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Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions
Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - 2013
This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...
Persistent link: https://www.econbiz.de/10010311966
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Liquidity shortages and monetary policy
Cao, Jin; Illing, Gerhard - 2007
The paper models the interaction between risk taking in the financial sector and central bank policy. It shows that in … the absence of central bank intervention, the incentive of financial intermediaries to free ride on liquidity in good …
Persistent link: https://www.econbiz.de/10003951399
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Three liquidity crises in retrospective : implications for central banking today
Sauer, Stephan - 2007
. The events also demonstrate that modern central banks, in particular the U.S. Federal Reserve under Alan Greenspan …
Persistent link: https://www.econbiz.de/10003951410
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National and provincial inflation in Canada : experiences under inflation targeting
Chaban, Maxym; Voss, Graham M. - 2012
Persistent link: https://www.econbiz.de/10009571168