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The balance sheet channel of monetary policy transmission : evidence from Nigeria
Olowofeso, Olorunsola E.; Bada, Abiodun S.; Bassey, Kufre J. - In: CBN journal of applied statistics 5 (2014) 2, pp. 95-116
deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data … investigate the linkages between policy, DMB balance sheet, output and price. The results reveal the existence of a balance sheet … channel in Nigeria with a significant impact of DMBs balance sheet composition on output growth and price. However, output and …
Persistent link: https://www.econbiz.de/10011489517
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Monetary policy transmission and the labour market in the non‑eurozone Visegrad Group Countries in 2000-2014 : evidence from a SVAR Analysis
Włodarczyk, Przemysław - In: Comparative economic research : Central and Eastern Europe 20 (2017) 4, pp. 23-43
lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095
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New Keynesian or RBC Transmission? The Effects of Fiscal Policy in Labor Markets
Pappa, Evi - 2005
We study the mechanics of transmission of fiscal shocks to labor markets. We characterize a set of robust implications following government consumption, investment and employment shocks in a RBC and a New-Keynesian model and use part of them to identify shocks in the data. In line with the...
Persistent link: https://www.econbiz.de/10014060436
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The macroeconomic pass-through effects of monetary policy through sign restrictions approach : in the case of Albania
Shijaku, Gerti - 2015
, through the liquidity effect, is on output, exchange rate and financial market conditions. …
Persistent link: https://www.econbiz.de/10011285419
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Net worth ratio and financial instability
Watanabe, Toshio - In: Journal of economic structures : JES; the official … 2 (2013), pp. 1-18
In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have...
Persistent link: https://www.econbiz.de/10009783369
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Monetary Policy Through Production Networks : Evidence from the Stock Market
Ozdagli, Ali K. - 2017
effects are larger for industries selling most of the industry output to end-consumers compared to other industries. We find …
Persistent link: https://www.econbiz.de/10012953959
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Monetary Policy through Production Networks : Evidence from the Stock Market
Ozdagli, Ali K. - 2017
We study the importance of production networks for the transmission of macroeconomic shocks using the stock market reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct effect and a network effect and attribute 50 to 85...
Persistent link: https://www.econbiz.de/10012956564
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Monetary Policy Through Production Networks : Evidence from the Stock Market
Ozdagli, Ali K. - 2019
We study the importance of production networks for the transmission of macroeconomic shocks using the stock market reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct effect and a network effect and attribute 60 to 85...
Persistent link: https://www.econbiz.de/10012903810
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Monetary Policy Through Production Networks : Evidence from the Stock Market
Ozdagli, Ali K. - 2020
We study the importance of production networks for the transmission of macroeconomic shocks using the stock market reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct effect and a network effect and attribute 55 to 85...
Persistent link: https://www.econbiz.de/10012853432
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Confidence and Monetary Policy Transmission
de Bondt, Gabe - 2020
Empirical results for the euro area show that an important channel through which monetary policy – measured traditionally by the short-term interest rate as well as by the Eurosystem balance sheet total – affects economic growth is the confidence of borrowers as well as of lenders. Impulse...
Persistent link: https://www.econbiz.de/10012856207