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The European Central Bank and why things are the way they are: A historic monetary policy pivot point and moment of (relative) clarity
Dubois, Robert - 2012
struggling to escape liquidity quicksands and stubbornly low or negative growth and employment trends. At the center of the … monetary policy pivot point. Since November 2011, the ECB has taken on an arguably activist liquidity-provider role relative to … integration. In December 2011, the ECB made clear its intention to inject massive liquidity when faced with crises of scale in …
Persistent link: https://www.econbiz.de/10010286538
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New Instruments of Monetary Policy
Chadha, Jagjit S.; Holly, Sean - School of Economics, University of Kent - 2011
substantial quantities of liquidity into the financial system and seen their balance sheets expand to multiples of GDP. We outline …'s budget constraint. We briefly outline the recent experience with QE and draw a distinction between liquidity and …
Persistent link: https://www.econbiz.de/10009003065
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Evolução da política do recolhimento compulsório no Brasil pós-real
Cavalcanti, Marco A. F. H.; Vonbun, Christian - 2013
intensively, with the main objective of providing liquidity to the banking system, but also as a tool for aggregate demand …
Persistent link: https://www.econbiz.de/10010331102
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New instruments of monetary policy
Chadha, Jagjit S.; Holly, Sean - 2011
substantial quantities of liquidity into the financial system and seen their balance sheets expand to multiples of GDP. We outline …'s budget constraint. We briefly outline the recent experience with QE and draw a distinction between liquidity and …
Persistent link: https://www.econbiz.de/10010277826
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Evolução da política do recolhimento compulsório no Brasil pós-real
Cavalcanti, Marco Antônio Freitas de Hollanda; Vonbun, … - 2013
intensively, with the main objective of providing liquidity to the banking system, but also as a tool for aggregate demand …
Persistent link: https://www.econbiz.de/10010230124
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Monetary policy and excess liquidity: the case of Guyana
Khemraj, Tarron - Volkswirtschaftliche Fakultät, … - 2007
up excess liquidity by selling Treasury bills. The paper examines the potential sources of persistent excess reserves. It …
Persistent link: https://www.econbiz.de/10011260472
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Interest Rates, Banking Spreads and Credit Supply: The Real Effects
Barran, Fernando; Coudert, Virginie; Mojon, Benoît - Centre d'études prospectives et d'informations … - 1995
Persistent link: https://www.econbiz.de/10005062830
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Interest rates and inflation: What are the links?
Sawyer, Malcolm - In: European Journal of Economics and Economic Policies: … 6 (2009) 1, pp. 81-96
The purpose is to examine some of the links in the chain which is said to run from the rate of interest to the rate of inflation. It is argued that that there is a tendency to slip from arguments which that the rate of interest is related to the price level to suggesting that the rate of...
Persistent link: https://www.econbiz.de/10010701867
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Credit Spreads and Credit Policies
Correia, Isabel; De Fiore, Fiorella; Teles, Pedro; … - C.E.P.R. Discussion Papers - 2014
How should monetary and fiscal policy react to adverse financial shocks? If monetary policy is constrained by the zero lower bound on the nominal interest rate, subsidising the interest rate on loans is the optimal policy. The subsidies can mimic movements in the interest rate and can therefore...
Persistent link: https://www.econbiz.de/10011083684
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A Wicksellian Approach Over an Active Monetary Policy
Daniel, Liparã - In: Ovidius University Annals, Economic Sciences Series XI (2011) 2, pp. 723-727
Out of the two types of monetary policy interventions – along with passive ones – active interventions are bettter used in order to increase the performances of a real economy. This was the main field of focus for the swedish economist Knut Wicksell. The aim of this paper is to present a...
Persistent link: https://www.econbiz.de/10010631948