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expanding (rather than restricting) capital flows. This involves accumulating reserves when global liquidity is high to buy back …
Persistent link: https://www.econbiz.de/10012482120
strong link is present between central bank liquidity support and sovereign holdings, opportunistic strategies or reach … advantage of their higher risk-bearing capacity to gain exposure (via central bank liquidity) to the set of riskier sovereign …
Persistent link: https://www.econbiz.de/10011978836
expanding (rather than restricting) capital flows. This involves accumulating reserves when global liquidity is high to buy back …
Persistent link: https://www.econbiz.de/10013406746
Persistent link: https://www.econbiz.de/10011478836
Persistent link: https://www.econbiz.de/10003311073
Persistent link: https://www.econbiz.de/10003332112
Blanchard (2005) suggested that active interest rate policy might induce unstable dynamics in highly-indebted economies. We examine this in a dynamic general equilibrium model where Calvo-type price rigidities provide a rationale for inflation stabilization. Unstable dynamics can occur when the...
Persistent link: https://www.econbiz.de/10011349206
Persistent link: https://www.econbiz.de/10011453641
Persistent link: https://www.econbiz.de/10011293651
Blanchard (2005) suggested that active interest rate policy might induce unstable dynamics in highly-indebted economies. We examine this in a dynamic general equilibrium model where Calvo-type price rigidities provide a rationale for inflation stabilization. Unstable dynamics can occur when the...
Persistent link: https://www.econbiz.de/10012733616