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Transmission der Geldpolitik in diesen Staaten. Dies stellt die Theorie des Kreditkanals in den Vordergrund. In einem grundlegenden … finanzieren, lässt zudem die Frage nach einer deshalb verzögerten oder eingeschränkten Wirksamkeit der Geldpolitik aufkommen. Auch … Mutterbanken und den nationalen Tochterbanken birgt erhebliche Störpotenziale für eine liquiditätsentziehende nationale Geldpolitik …
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This paper presents a new quarterly macroeconometric model of the Belgian economy. It is intended to contribute to existing analytical work covering the specific transmission mechanisms of the euro area monetary policy in the Belgian economy. It also contributes to the forecast exercises and to...
Persistent link: https://www.econbiz.de/10013136276
This paper presents a new quarterly macroeconometric model of the Belgian economy. It is intended to contribute to existing analytical work covering the specific transmission mechanisms of the euro area monetary policy in the Belgian economy. It also contributes to the forecast exercises and to...
Persistent link: https://www.econbiz.de/10011623171
In a setting with dispersed information, monopolistic competition and sticky-prices, a policy authority uncertain about the monetary transmission mechanism reacts prudently to supply shocks. This induces producers to ascribe an excessive importance to their private information when setting...
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