turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and … an attempt to stop the recession. The degree of expansiveness of monetary policy was unprecedented. As a result of … of contractionary policies. The subject of the paper's analysis is the monetary policy of key central banks, as well as …

Ben Bernanke researched monetary policy for over 25 years prior to becoming a policymaker, and his two-term career as …

The interbank money market plays a key role in the execution of monetary policy. Hence, it is important to know the …

govern the optimal disclosure policy for an asset manager or financial regulator. To investigate this question, we study the …

robust both across countries and monetary policy regimes. Consequently, the Taylor rule has become a useful characterization … of monetary policy with much recent work focussed on the optimal formulation of the Taylor rule and the properties of …

Policymakers often use the output gap, a noisy signal of economic activity, as a guide for setting monetary policy …. Noise in the data argues for policy caution. At the same time, the zero bound on nominal interest rates constrains the … central bank's ability to stimulate the economy during downturns. In such an environment, greater policy stimulus may be …

) arises endogenously through the wage bargaining institutions. It is shown that the optimal (discretionary) monetary policy … slightly smaller in an economy with DNWR. This is due to that DNWR is not an additional constraint on the monetary policy … variability. Another finding is that the Taylor rule provides a fairly good approximation of optimal policy under DNWR. In …

This paper specifies a new convenient algorithm to construct policy projections conditional on alternative anticipated … policy-rate paths in linearized dynamic stochastic general equilibrium (DSGE) models, such as Ramses, the Riksbank's main … DSGE model. Such projections with anticipated policy-rate paths correspond to situations where the central bank …

There seems to be no consensus in the literature with respect to monetary policy strategies in combination with … functions which use the short-term interest rate as an important or even the single monetary policy instrument allows a … describing and determining monetary policy in emerging market economies with flexible exchange rate regimes. …