Showing 211 - 220 of 204,002
We present a new automated, objective and intuitive scoring technique to measure the content of central bank … communication about future interest rate decisions based on information from the Internet and news sources. We apply the methodology …. These results are consistent with the view that the FOMC releases information about future policy rate actions in its …
Persistent link: https://www.econbiz.de/10013156485
Following Surico (2007a, b), we analyse the monetary policy of the National Bank of Slovakia (NBS). We can verify by …
Persistent link: https://www.econbiz.de/10013156598
We examine the economic consequences of an interest-bearing design of the Central-Bank Digital Currency (CBDC), and …) imperfect substitutability between CBDC and bank deposits is the key for the effectiveness of using the CBDC as a secondary …
Persistent link: https://www.econbiz.de/10012833531
Persistent link: https://www.econbiz.de/10012833832
We describe the Federal Reserve's (the Fed's) approach to implementing monetary policy in an ample-reserves regime. We use a stylized model to explain the factors the Fed considers and the tools it uses to ensure interest rate control when the quantity of reserves is ample. Then, we take a close...
Persistent link: https://www.econbiz.de/10012834052
Georgia. The National Bank monetary regulation effectiveness is assessed and recommendations have been developed …
Persistent link: https://www.econbiz.de/10012835155
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the reputation of central banks. Thus, central banks should not...
Persistent link: https://www.econbiz.de/10012835734
Do the benefits of central bank transparency depend on the structure of financial markets? We address this question in … a two-country model with dispersed information among price-setting firms. The volatility of the real exchange rate is … provision of public information always improves welfare and full transparency is optimal. By contrast, under incomplete markets …
Persistent link: https://www.econbiz.de/10012836140
The dynamic effects of ECB announcements, disentangled into pure monetary policy and central bank information shocks … bank information shocks exhibit strong heterogeneities across currency pairs. This disparity can be rationalized by an …
Persistent link: https://www.econbiz.de/10012836329
With economic activity severely disrupted by the coronavirus crisis, many governments have been supporting peoples' incomes and keeping businesses alive by means of income support programmes financed by borrowing. This paper describes how the borrowing is being done in the United States and the...
Persistent link: https://www.econbiz.de/10012836925