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What else can central banks do?
Ball, Laurence M.; Gagnon, Joseph E.; Honohan, Patrick; … - 2016
Persistent link: https://www.econbiz.de/10011539482
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The boundaries of central bank independence : lessons from unconventional times
Orphanides, Athanasios - 2018
too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … from a clear definition of price stability as a symmetric 2% goal for inflation, which the Bank adopted in 2013. … Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank …
Persistent link: https://www.econbiz.de/10011901698
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Lessons from the Swedish experience with negative central bank rates
Andersson, Fredrik N. G.; Jonung, Lars - 2020
Persistent link: https://www.econbiz.de/10012510931
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The boundaries of central bank independence: lessons from unconventional times
Orphanides, Athanasios - 2018
Persistent link: https://www.econbiz.de/10013447827
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Forward guidance contracts
Gersbach, Hans; Hahn, Volker; Liu, Yulin - 2015 - This version: May 2015
We examine "Forward Guidance Contracts", which make central bankers' utility contingent on the precision of interest-rate forecasts for some time. Such Forward Guidance Contracts are a exible commitment device and can improve economic performance when the economy is stuck in a liquidity trap....
Persistent link: https://www.econbiz.de/10010528970
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Central bank reserves and the yield curve at the ZLB
Mirkov, Nikola; Sutter, Barbara - 2012
Persistent link: https://www.econbiz.de/10010407676
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Monetary transmission via the Central Bank Balance Sheet
Behrendt, Stefan - 2013
with inflation, as laid out in several theories such as the static monetarist interpretation of the quantity theory of …This paper estimates the effects of unconventional monetary policies on consumer as well as asset price inflation …
Persistent link: https://www.econbiz.de/10010221429
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The optimal conduct of central bank asset purchases
Darracq Pariès, Matthieu; Kühl, Michael - 2017
We analyse the effects of central bank government bond purchases in an estimated DSGE model for the euro area. In the model, central bank asset purchases are relevant in so far as agency costs distort banks' asset allocation between loans and bonds, and households face transaction costs when...
Persistent link: https://www.econbiz.de/10011685100
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Forward guidance contracts
Gersbach, Hans; Hahn, Volker; Liu, Yulin - In: Macroeconomic dynamics 23 (2019) 8, pp. 3386-3423
Persistent link: https://www.econbiz.de/10012166266
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A large central bank balance sheet? : floor vs corridor systems in a new keynesian environment
Arce, Óscar; Nuño, Galo; Thaler, Dominik; Thomas, Carlos - 2018
Persistent link: https://www.econbiz.de/10011960744