Showing 1 - 10 of 10,481
The paper scrutinizes the spillover effects of expansionary monetary policies of a center economy to the macroeconomic policies of periphery countries, dependent on the exchange rate regime. In particular the impact of the US quantitative easing on the Chinese economy is analysed. The results...
Persistent link: https://www.econbiz.de/10009569730
In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10009526206
Persistent link: https://www.econbiz.de/10011393226
Persistent link: https://www.econbiz.de/10010519633
Persistent link: https://www.econbiz.de/10011421835
Persistent link: https://www.econbiz.de/10011375959
Persistent link: https://www.econbiz.de/10011302995
Persistent link: https://www.econbiz.de/10011341971
Persistent link: https://www.econbiz.de/10011347879
We study the implications of regional heterogeneity within a currency union for monetary policy. We ask, first, does monetary policy mitigate or exacerbate ex-post regional dispersion over the business cycle? And second, does ex-ante regional heterogeneity increase or dampen the aggregate...
Persistent link: https://www.econbiz.de/10010528702