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signals, we show that the release of more precise public information about future rates lowers the informativeness of market …. However, when the increase in precision of public information is sufficiently large, uncertainty is unambiguously reduced. …
Persistent link: https://www.econbiz.de/10011997441
environment in which Reserve Bank implements its policies. This paper tries to explore the specific impact of financial innovation … on the monetary transmission mechanism, and hence the capacity of Reserve Bank to stabilise the economy and promote long … policies. Financial innovation puts effect on the policies of Reserve Bank through interest rate, credit and exchange rate …
Persistent link: https://www.econbiz.de/10013008989
We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance …
Persistent link: https://www.econbiz.de/10012384477
is prevalent even in advanced economies, notwithstanding that the public normally has had full access to bank accounts … residents to bank accounts and/or other non-bank cashless payment services. This paper first focuses on the time … 2000-2018 was performed. The paper found that the opportunity cost proxied by the central bank policy rates and age …
Persistent link: https://www.econbiz.de/10012101636
We use a DSGE model to study the effectiveness of green-asset purchases by the central bank (Green QE), along the …
Persistent link: https://www.econbiz.de/10013552671
This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across … new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and …
Persistent link: https://www.econbiz.de/10003726092
. -- Central bank design ; monetary policy committee ; central bank board ; central bank council ; governance ; inflation. …
Persistent link: https://www.econbiz.de/10003726105
. -- central bank design ; monetary policy committee ; central bank board ; central bank council ; governance ; inflation …
Persistent link: https://www.econbiz.de/10003767748
) outcomes. Although the literature tends to suggest that greater central bank transparency is desirable, our findings imply that … do a better job of stabilizing inflation around the target and output around trend. -- Central bank research ; Inflation …
Persistent link: https://www.econbiz.de/10003462994
Persistent link: https://www.econbiz.de/10009554282