Global liquidity has been more and more important in the last couple of years and everbody from media to policymakers are talking about it. In order to shed light on the effects of global liquidity, we investigate the impact of global liquidity expansion on major macroeconomic variables of G-7...

The purpose of this study is to analyze monetary policy reaction functions of inflation targeting emerging market economies. Heterogeneity across central bank behavior is modelled using dynamic common correlated effects estimator in a panel data framework of 15 countries. The empirical method...

The study primarily explores the linkage between wealth effects, arising from stock and housing market channels, and household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we employ regression analysis through the common correlated...