Narrow search
Showing 1 - 10 of 423,714
Cover Image
Real Effects of Quantitative Easing at the Zero-Lower Bound : Structural VAR-Based Evidence from Japan
Schenkelberg, Heike - 2013
. These results are interesting not only for Japan, but also for other advanced economies where monetary policy is currently …
Persistent link: https://www.econbiz.de/10013092811
Cover Image
Real effects of quantitative easing at the zero-lower bound : structural VAR-based evidence from Japan
Schenkelberg, Heike; Watzka, Sebastian - 2011
. These results are interesting not only for Japan, but also for other advanced economies where monetary policy is currently …
Persistent link: https://www.econbiz.de/10009130244
Cover Image
The impact of quantitative easing on bank loan supply and monetary policy implementation in the euro area
Horst, Maximilian; Neyer, Ulrike - 2019
In March 2015, the Eurosystem launched its QE-programme. The asset purchases induced a rapid and strong increase in excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first part of this paper analyses the Eurosystem's liquidity...
Persistent link: https://www.econbiz.de/10012099037
Cover Image
Twenty Years of Unconventional Monetary Policies : Lessons and Way Forward for the Bank of Japan
Westelius, Niklas - 2021
The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since … the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation and inflation expectations … have remained stubbornly low. This paper examines the evolution of monetary policy in Japan over the past twenty years, in …
Persistent link: https://www.econbiz.de/10013252055
Cover Image
The Interventions of the European Central Bank Throughout the Crisis
Villar Burke, Javier - 2017
Throughout the crisis, the ECB implemented a number of unprecedented measures with a wider and wider reach. These measures included a decrease of the policy rate to virtually zero, the extension of the maturities of its liquidity providing operations, an expansion in total liquidity injected in...
Persistent link: https://www.econbiz.de/10012972215
Cover Image
From Conventional to Unconventional Monetary Policies : The Consequences of the Market-Maker-of-Last-Resort
Giménez Roche, Gabriel - 2015
The increasing importance of commercial banks' noninterest-earning activities rendered conventional monetary policy relatively obsolete in the contemporary economy. It has been a long time since commercial banking was limited to bank lending activities. Indeed, it is now present in practically...
Persistent link: https://www.econbiz.de/10013013672
Cover Image
Bond Markets and Unconventional Monetary Policy
Buraschi, Andrea - 2015
This paper is a comprehensive study of the discussion and empirical evidence about the impact of unconventional monetary policy on bond markets. The 2007/2008 Financial Crisis marks the beginning of a new monetary policy regime in which central banks engaged in different types of large scale...
Persistent link: https://www.econbiz.de/10013020631
Cover Image
The power of helicopter money revisited : a new Keynesian perspective
Carter, Thomas J.; Mendes, Rhys R. - 2020
We analyze money financing of fiscal transfers (helicopter money) in two simple New Keynesian models: a "textbook" model in which all money is non-interest-bearing (e.g., all money is currency), and a more realistic model with interest-bearing reserves. In the textbook model with only...
Persistent link: https://www.econbiz.de/10012159954
Cover Image
Monetary policy after the crisis : a joint publication with the National Bank of Poland
Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.);  … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
Cover Image
Future of the Economic and Monetary Union
Gortsos, Christos V. - 2022
The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
Persistent link: https://www.econbiz.de/10014077291