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Measuring financial cycle time
Filardo, Andrew J.; Lombardi, Marco; Raczko, Marek - 2018
Persistent link: https://www.econbiz.de/10011979923
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Targeting inflation over the short, medium and long term
Nessén, Marianne - 1999
A central bank pursuing the policy of inflation targeting aims to keep inflation as close as possible to a pre-announced value. But which 'inflation' should this be? Quarterly, annual, biennial? In theoretical models it is typically inflation during one period. We analyze how changing the period...
Persistent link: https://www.econbiz.de/10011585331
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Investor runs in wholesale funding markets : three essays
Thierfelder, Felix - 2014
Persistent link: https://www.econbiz.de/10010426637
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Measuring financial cycle time
Filardo, Andrew J.; Lombardi, Marco; Raczko, Marek - 2019
Persistent link: https://www.econbiz.de/10011961246
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Targeting inflation over the short, medium and long term
Nessén, Marianne - In: Journal of macroeconomics 24 (2002) 3, pp. 313-329
Persistent link: https://www.econbiz.de/10001704688
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Which parameters drive approximation inaccuracies?
Sienknecht, Sebastian - 2010
This paper identifies parameters responsible for welfare reversals when the basic New Keynesian model is approximated. In our setting, a reversal occurs when the Ramsey policy under timeless perspective commitment ceases to be dominant against the Taylor rule after approximating the model. We...
Persistent link: https://www.econbiz.de/10008759455
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Maturity shortening and market failure
Thierfelder, Felix - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
Persistent link: https://www.econbiz.de/10009509089
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The monetary policy decision-making process and the term structure of interest rates
Dillén, Hans (contributor) - 2008
important results: (i) Spot and forward rates are explicit functions of the number of policy meetings during the time to … maturity rather than the time to maturity itself. Consequently, the forward rate curve is step-shaped. (ii) In addition, there … are calendar time effects, i.e. the position within the policy cycle is also of importance, especially for short term …
Persistent link: https://www.econbiz.de/10003672572
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Fiscal leadership and central bank design
Hughes Hallett, Andrew; Weymark, Diana N. - In: The Canadian journal of economics 40 (2007) 2, pp. 607-627
Persistent link: https://www.econbiz.de/10003492935
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Seigniorage through Periodic Recoinage : When the Validity of Money Was Restricted in Time
Svensson, Roger - 2020
A monetary system called periodic re-coinage was used during almost 200 years in large part of medieval Europe. Old coins were frequently declared invalid and had to be exchanged for new ones for an exchange fee. This system – which is equivalent to a Gesell tax – required a limited coin...
Persistent link: https://www.econbiz.de/10012827270