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Borrowing constraint and indeterminacy with arbitrarily low returns to scale

Barinci, Jean-Paul; Chéron, Arnaud - In: Market imperfections and macroeconomic dynamics, (pp. 179-190). 2002

Persistent link: https://www.econbiz.de/10001731422

Sunspot fluctuations in two-sector models with variable income effects

Dufourt, Frédéric; Nishimura, Kazuo; Nourry, Carine; … - In: Sunspots and non-linear dynamics : essays in honor of …, (pp. 71-96). 2017

Persistent link: https://www.econbiz.de/10011850351

Central bank's balance sheet management in times of systemic crises

Lovrinović, Ivan; Solenički, Martina; Vujeva, Karlo - In: Macroeconomic responses to the COVID-19 pandemic : …, (pp. 111-156). 2021

The central bank's balance sheet has become the main instrument of monetary policy in the aftermath of the GFC and the COVID-19 health crisis. Hence, the aim of this paper is to analyze changes in the balance sheets' sizes and channels of base money creation in groups of countries, taking note...

Persistent link: https://www.econbiz.de/10012608987

An analysis of the time-varying behavior of the equilibrium velocity of money in the euro area

Camarero Olivas, Mariam; Sapena, Juan; Tamarit … - In: Recent econometric techniques for macroeconomic and …, (pp. 113-146). 2021

Recent developments in inflation and M3 velocity in the euro area have raised serious doubts about the reliability of M3 growth as a pillar of the ECB's monetary policy strategy. We develop a very flexible and comprehensive state-space framework for modeling the velocity of circulation. Our...

Persistent link: https://www.econbiz.de/10012395397

Explaining weak investment growth after the Great Recession : a macro-panel analysis

Buono, Ines; Formai, Sara - In: International macroeconomics in the wake of the global …, (pp. 129-155). 2018

Persistent link: https://www.econbiz.de/10011872016

Monetary policy across space and time

Liu, Laura; Matthes, Christian; Petrova, Katerina - In: Essays in honour of Fabio Canova, (pp. 37-64). 2022

Persistent link: https://www.econbiz.de/10013443906

The stabilizing virtues of monetary policy on endogenous bubble fluctuations

Clain-Chamosset-Yvrard, Lise; Seegmuller, Thomas - In: Sunspots and non-linear dynamics : essays in honor of …, (pp. 231-257). 2017

Persistent link: https://www.econbiz.de/10011850396

Can consumption taxes stabilize the economy in the presence of consumption externalities?

Lloyd-Braga, Teresa; Modesto, Leonor - In: Sunspots and non-linear dynamics : essays in honor of …, (pp. 259-278). 2017

Persistent link: https://www.econbiz.de/10011850401

Capital control, exchange rate regime, and monetary policy : indeterminacy and bifurcation

Barnett, William A.; Hu, Jingxian - In: Dynamic analysis in complex economic environments : …, (pp. 123-175). 2021

economies, which have often adopted capital controls. We especially investigate two dynamical characteristics: indeterminacy and … place, we find that indeterminacy depends upon how the central bank's response to inflation and its response to the output … to indeterminacy. Compared with flexible exchange rates, fixed exchange rate regimes produce more complex indeterminacy …

Persistent link: https://www.econbiz.de/10012429651

The effects of patience in a growth model with infrastructure and a related externality

Hosoya, Kei - In: Modern Macroeconomics with Historical Perspectives, (pp. 87-106). 2023

Persistent link: https://www.econbiz.de/10014342322