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The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...
Persistent link: https://www.econbiz.de/10009635880
We study the impact of outright (i.e., permanent) Open Market Operations (POMOs) by the Federal Reserve Bank of New … parsimonious model of speculative trading in the presence of a stylized Central Bank targeting the price of the traded asset …
Persistent link: https://www.econbiz.de/10009477265
central bank less conservative than society, however if the outside option is in real terms. As the nominal components of the … optimal if the government can choose the level of unemployment benefits as well as the degree of central bank conservatism. …
Persistent link: https://www.econbiz.de/10009447268
bank's control, and ignores the role played by the quantity of money in the transmission mechanism. Even though monetary …
Persistent link: https://www.econbiz.de/10009447279
confirma estos resultados. ; We show that local central bank policies attenuate global financial cycle (GFC)’s spillovers. For …
Persistent link: https://www.econbiz.de/10012523796
financial supervision model in Spain. Lastly, he refers to the Bank’s control mechanisms and transparency standards, and certain …
Persistent link: https://www.econbiz.de/10012525507
Spain. Lastly, he refers to the Bank’s control mechanisms and transparency standards, and certain aspects of its governance. …
Persistent link: https://www.econbiz.de/10012525707
The link between low levels of central bank independence (CBI) and high levels of inflation has long been established …
Persistent link: https://www.econbiz.de/10009474984
Over the past years, several countries around the world have adopted a system of prudential prompt corrective action …
Persistent link: https://www.econbiz.de/10012530158
In this paper, various econometric methodologies are used to attempt to assess whether the levy on lending introduced by Law 38/2022 has since had a differential effect on institutions’ performance. This is an extremely complex exercise, since, added to the inherent difficulty in identifying...
Persistent link: https://www.econbiz.de/10014516895