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Facing deflationary threats, the ECB has engaged in several forms of asset purchase programs to fulfill its mandate of maintaining price stability. A main objective of these programs is raising inflation expectations, as these are a main determinant of actual inflation. This study empirically...
Persistent link: https://www.econbiz.de/10011541832
In Anbetracht drohender Deflation hat die EZB verschiedene Anleihekaufprogramme umgesetzt, um ihr Mandat für Preisstabilität zu erfüllen. Ein wesentliches Ziel dieser Programme ist die Anhebung der Inflationserwartungen, da diese sich maßgeblichauf dietatsächliche Inflation auswirken. In...
Persistent link: https://www.econbiz.de/10011541835
How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to …
Persistent link: https://www.econbiz.de/10012140814
In Anbetracht drohender Deflation hat die EZB verschiedene Anleihekaufprogramme umgesetzt, um ihr Mandat für Preisstabilität zu erfüllen. Ein wesentliches Ziel dieser Programme ist die Anhebung der Inflationserwartungen, da diese sich maßgeblichauf dietatsächliche Inflation auswirken. In...
Persistent link: https://www.econbiz.de/10011538889
Persistent link: https://www.econbiz.de/10010927928
Monetary policy in the euro area is conducted within a multi-country, multi-cultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...
Persistent link: https://www.econbiz.de/10008533521
small, aggregate, forward-looking model of the Czech monetary transmission was calibrated and estimated. Stochastic …
Persistent link: https://www.econbiz.de/10005126436
Cet article fait le point et clarifie le concept et l'utilisation des indices des conditions monetaires (ICM), dont le principe est d'agreger differentes variables monetaires et financieres en un indicateur unique. Si les ICM paraissent pouvoir fournir une information pertinente, celle-ci doit...
Persistent link: https://www.econbiz.de/10005406485
framework. We document well-functioning transmission mechanism similar to the euro area countries, especially in terms of …
Persistent link: https://www.econbiz.de/10005698663
The paper highlights monetary policy transmission mechanism in Nigeria focusing on empirical studies and happenings in … transmission mechanism. The empirical reviews from studies show that interest rate, credit channels and exchange rate are among the … channels of monetary policy transmission to the economy. It also highlights some of the problems that imposed a serious …
Persistent link: https://www.econbiz.de/10011207336