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Yield curve control
Kortelainen, Mika - 2020
We study the yield curve control in Eurozone. We apply Chen, Cúrdia and Ferrero (2012) model that uses a financial friction to break Wallace's neutrality. We calibrate a bond supply shock that corresponds to the observed change in the time premium in euro area when the APP program was...
Persistent link: https://www.econbiz.de/10012221811
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The effects of the ECB's pandemic-related monetary policy measures
Nelimarkka, Jaakko; Laine, Olli-Matti - 2021
growth by approximate 2 percentage points in 2020-2021 and inflation by 0.5 percentage points. The longer-term refinancing …
Persistent link: https://www.econbiz.de/10012622376
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How effective is the Taylor rule? : some insights from the time-frequency domain
Crowley, Patrick M.; Hudgins, David - 2020
inflation environments. The results show that the macroeconomic outcome de-pends on whether the conventional or modified Taylor … rule is used, and whether the central bank is operating in a low or high inflation environment. …
Persistent link: https://www.econbiz.de/10012170972
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Microblogging money : exploring the world's central banks on Twitter
Korhonen, Iikka; Newby, Elisa; Elonen-Kulmala, Jonna - 2024
This article looks into global central bank messaging on the Twitter social media platform. At the end of 2021, a total of 122 central banks and monetary authorities had registered accounts on Twitter At that time, approximately two-thirds of world's central banks and monetary author- ities were...
Persistent link: https://www.econbiz.de/10014526688
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How effective quantitative tightening can be with a higher-for-longer pledge?
Kortelainen, Mika - 2024
We study the effect of quantitative tightening both without forward guidance and with higher for longer guidance. This is done by simulating quantitative tightening strategies in a dynamic stochastic general equilibrium model estimated with the euro area data. Quantitative tightening is...
Persistent link: https://www.econbiz.de/10014483114
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Sworn statement by Horst von der Goltz, alias Bridgeman Taylor
Goltz, Horst von der - 1916
Persistent link: https://www.econbiz.de/10000398892
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Repercussions in Latin America and the Caribbean of the war in Ukraine : how should the region face this new crisis?ECLAC
Vereinte Nationen / Economic Commission for Latin … - 2022
. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …
Persistent link: https://www.econbiz.de/10013329423
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Analysing euro area inflation outlook with the Phillips curve
Oinonen, Sami; Vilmi, Lauri - 2021
This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook …. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation … long-horizons. Overall, the NKPC is a useful tool for monitoring euro area inflation outlook. Thanks to its fast and light …
Persistent link: https://www.econbiz.de/10012622377
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Inflation dynamics and monetary policy in the euro area : in-depth analysis requested by the ECON committee
Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - Europäisches Parlament / Referat Kontrolle der … - 2023
Persistent link: https://www.econbiz.de/10014252142
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Out of the fog? : inflation in an era of ECB policy reversals : in-depth analysis requested by the ECON committee
Siklos, Pierre L. - Europäisches Parlament / Referat Kontrolle der … - 2023
Persistent link: https://www.econbiz.de/10014252253