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On March 10, 2016, the European Central Bank (ECB) announced the Corporate Sector Purchase Programme (CSPP) - commonly known as corporate quantitative easing (QE) - to improve the financing conditions of the Eurozone's real economy and strengthen the pass-through of unconventional monetary...
Persistent link: https://www.econbiz.de/10011820153
variables examined on poverty rate in context of Pakistan. Moreover, association and effect examined between both variables … supply of money in economy, it cannot reduce poverty rate in Pakistan. It is because more money supply will bring inflation … reduction in poverty rate of Pakistan as it will reduces the investment and overall employment. If central bank set increased …
Persistent link: https://www.econbiz.de/10012823102
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Over the past few years, some observers have been warning that the Fed needs to update its operating framework to include a level target and the ability to implement direct cash transfers in special situations like the current crisis. They make the case that it is better for the Fed to provide...
Persistent link: https://www.econbiz.de/10012838303
We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the transfers. We compare two distinct types of...
Persistent link: https://www.econbiz.de/10012388237
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We show that the effectiveness of redistribution policy is tied to how much inflation it generates, and thereby to monetary‐fiscal adjustments that ultimately finance the transfers. In the monetary regime, taxes increase to finance transfers while in the fiscal regime, inflation rises,...
Persistent link: https://www.econbiz.de/10014362537
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This paper examines the potential impact of US monetary normalisation on sovereign bond yields in Asia Pacific. We apply the quantile vector autoregressive model with principal component analysis to the assessment of tail risk of sovereign debt, which may not be detectable using traditional...
Persistent link: https://www.econbiz.de/10013022848