Similar Search Results

Crisis and the role of money in the real and financial economies : an innovative approach to monetary stimulus

Simmons, Richard; Dini, Paolo; Culkin, Nigel; Littera, … - In: Journal of risk and financial management : JRFM 14 (2021) 3, pp. 1-28

"Financial crisis" is sometimes regarded as synonymous with "economic crisis", but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the...

Persistent link: https://www.econbiz.de/10012520029

The narrow channel of quantitative easing : evidence from YCC down under

Lucca, David O.; Wright, Jonathan H. - 2022

We study the recent Australian experience with yield curve control (YCC) of government bonds as perhaps the best evidence of how this policy might work in other developed economies. We interpret the evidence with a simple model in which YCC affects prices of both government and other bonds via...

Persistent link: https://www.econbiz.de/10013193336

Effects of quantitative easing on Asia : capital flows and financial markets

Cho, Dongchul; Rhee, Changyong - 2013

This paper studies the effects of the United States' (US) quantitative easing on Asia by examining capital flows and financial markets. After the global financial crisis, Asian economies with more open and developed capital markets experienced greater swings in capital inflows. In particular,...

Persistent link: https://www.econbiz.de/10009781180

Impact of quantitative easing on purchased asset yields, its persistency and overlap

Jakl, Jakub - In: Journal of central banking theory and practice 6 (2017) 2, pp. 77-99

Persistent link: https://www.econbiz.de/10011721444

Impact of quantitative easing and tax policy on income inequality : evidence from Japan

Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; Shimizu, Sayoko - 2018

From April 2013 until May 2016, Japan's monetary base rose from ¥155 trillion to ¥387 trillion as part of the Bank of Japan's (BOJ) quantitative and qualitative easing (QQE) monetary policy for achieving a price stability target of 2%. Although the main objective of the BOJ's quantitative...

Persistent link: https://www.econbiz.de/10011931285

Climate change and monetary policy

Ohtaki, Eisei - 2023

Persistent link: https://www.econbiz.de/10014342165

If "money matters", what about the monetary base?

Congdon, Tim - In: Economic affairs : journal of the Institute of Economic … 43 (2023) 2, pp. 185-200

Persistent link: https://www.econbiz.de/10014338584

Opting out of the Great Inflation: German monetary policy after the break down of Bretton Woods

Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - 2009

During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...

Persistent link: https://www.econbiz.de/10011605066

Fiscal multipliers and the choice of zero lower bound modeling

Siemsen, Thomas; Watzka, Sebastian - 2013

multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint. …

Persistent link: https://www.econbiz.de/10009772911

Exit strategies

Angeloni, Ignazio; Faia, Ester; Winkler, Roland - 2014 - First draft: August 2010. This draft: April 2014

We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using a macromodel where banks choose their capital structure and are subject to runs. Under a Taylor rule, the post-crisis interest rate hits the zero lower bound (ZLB) and remains there for several...

Persistent link: https://www.econbiz.de/10010354007