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Influence de la politique monétaire sur le prix des actifs financiers : les enseignements d'un modèle MIU appliqué à la Fed

Aubin, Christian; Diouf, Ibrahima; Pépin, Dominique - HAL - 2013

Impact of monetary policy on asset prices : lessons from a MIU model applied to the Fed Abstract -A tractable consumption-based and money-based asset pricing model is built to relate in closed form the risk premium, the risk free rate and the volatility of asset price to parameters of monetary...

Persistent link: https://www.econbiz.de/10010899535

Does Inflation Targeting Matter ? An Experimental Investigation

Cornand, Camille; M'Baye, Cheick Kader - HAL - 2013

We use laboratory experiments with human subjects to test the relevance of di-fferent inflation targeting regimes. In … particular and within the standard New Keynesian model, we evaluate to what extent communication of the inflation target is … relevant to the success of inflation targeting. We -find that if the central bank only cares about inflation stabilization …

Persistent link: https://www.econbiz.de/10010899555

Determinants of Global Liquidity Dynamics:a FAVAR approach

Djigbenou, Marie-Louise - HAL - 2014

Global liquidity, which consists of both monetary liquidity (quantitative easing and traditional policies) and funding liquidity, follows specific dynamics. The importance of these dynamics is reﬂected by the growing interest in international policy fora in the economic efects and determinants...

Persistent link: https://www.econbiz.de/10010899663

The Power of International Reserves: the impossible trinity becomes possible

Mansour, Layal - HAL - 2014

This aim of the present paper is to measure first, the degree of trilemma indexes: exchange rate stability, monetary independence capital account openness while taking into account the increase of hording IR ratio over GDP, over External Debt and over Short Term External Debt. The evolution of...

Persistent link: https://www.econbiz.de/10010899918

Financial System Integration of Serbia in the European Financial System

Grubisic, Zoran; Ivanovic, Perisa; Fabris, Nikola - In: Serbia and the European Union: Economic Lessons from …

similar to targeted inflation). This is in accordance with the principle of impossible trinity and general idea was the …

Persistent link: https://www.econbiz.de/10010900096

Real-Time Nowcasting Nominal GDP Under Structural Break

Barnett, William; Chauvetz, Marcelle; Leiva-Leonx, Danilo - Department of Economics, University of Kansas

This paper provides early assessments of current U.S. Nominal GDP growth, which has been con- sidered as a potential new monetary policy target. The nowcasts are computed using the exact amount of information that policy makers have available at the time predictions are made. However, real time...

Persistent link: https://www.econbiz.de/10010900186