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Transparency and openness of the monetary policymaking process at the Bank of England has provided very detailed …
Persistent link: https://www.econbiz.de/10009442006
the Bank of Japan to lower interest rates. Efforts to force interest rates lower, to depreciate the dollar and to …
Persistent link: https://www.econbiz.de/10009482995
Almost four years after the collapse of Lehman Brothers, the monetary policy stance in most advanced economies remains extraordinarily loose, with policy rates close to zero and a number of non-conventional stimuli still in place. The resulting prominence of monetary policy responds, first, to...
Persistent link: https://www.econbiz.de/10012529577
a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … rates well below the central bank’s target in recent decades. This document analyses the changes in the Bank of Japan … has allowed the Bank of Japan to control the yield curve more effectively and sustainably, reducing the volume of asset …
Persistent link: https://www.econbiz.de/10012588241
a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … rates well below the central bank’s target in recent decades. This document ... …
Persistent link: https://www.econbiz.de/10012588242
Este documento ocasional recoge dos textos que el autor ha publicado recientemente en memoria de Luis Ángel Rojo, cuya vida profesional estuvo estrechamente vinculada al Banco de España y que falleció en mayo de 2011. El primer artículo es la contribución del autor a un libro colectivo, que...
Persistent link: https://www.econbiz.de/10012529574
La literatura teórica de modelos de curva de tipos enfatiza la importancia de la absorción de riesgo de duración esperada durante la vida residual de los bonos para entender el efecto de las compras de activos de los bancos centrales sobre las curvas de tipos. Motivados por esto, construimos...
Persistent link: https://www.econbiz.de/10013482139
La literatura teórica de modelos de curva de tipos enfatiza la importancia de la absorción de riesgo de duración esperada durante la vida residual de los bonos para entender el efecto de las compras de activos de los bancos centrales sobre las curvas de tipos. Motivados por esto, construimos...
Persistent link: https://www.econbiz.de/10013523637
TLTRO III, aiming to facilitate the flow of bank credit to the real economy. The new conditions encouraged an unprecedented …
Persistent link: https://www.econbiz.de/10013199059
country’s accounts remain healthy. In terms of monetary policy, in August the Turkish central bank resumed the process of …
Persistent link: https://www.econbiz.de/10013496657