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Monetary and macroprudential policy interactions in a model of the European Union

Dennis, Richard; Ilbas, Pelin - 2022

We use the two-country euro-area model developed by Quint and Rabanal (2014) to study policymaking in the European Monetary Union (EMU). We focus on strategic interactions: 1) between an EMU-level monetary authority and an EMU-level macroprudential authority, and; 2) between an EMU-level monetary...

Persistent link: https://www.econbiz.de/10013291498

Monetary and macroprudential policies in an estimated model with financial intermediation

Gelain, Paolo; Ilbas, Pelin - Nationale Bank van België/Banque national de Belqique (BNB) - 2014

We estimate the Smets and Wouters (2007) model augmented with the Gertler and Karadi (2011) financial intermediation sector on US data by using real and financial observables. Given the framework of the estimated model, we address the question whether and how standard monetary policy should...

Persistent link: https://www.econbiz.de/10011272792

Central-banking challenges for the Riksbank: Monetary policy, financial-stability policy and asset management

Svensson, Lars E O - C.E.P.R. Discussion Papers - 2012

The Riksbank faces challenges with regard to each of its three core functions, conducting monetary policy with the objective of stabilising inflation around the inflation target and resource utilisation around a sustainable level, promoting a safe and efficient payment system and thereby...

Persistent link: https://www.econbiz.de/10011083263

Monetary and macroprudential policy games in a monetary union

Dennis, Richard J.; Ilbas, Pelin - 2016

Persistent link: https://www.econbiz.de/10011553578

Monetary and macroprudential policies in an estimated model with financial intermediation

Gelain, Paolo; Ilbas, Pelin - 2014

Persistent link: https://www.econbiz.de/10010355778

Financial system reforms and China's monetary policy framework: A DSGE-based assessment of initiatives and proposals

Funke, Michael; Paetz, Michael - 2012

This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …

Persistent link: https://www.econbiz.de/10012148685

The Implementation of Monetary Policy in China : The Interbank Market and Bank Lending

Chen, Hongyi - 2011

We analyze the impact of monetary policy instruments on interbank lending rates and retail bank lending in China using …'s Bank of China uses changes in the required reserve ratios and open market operations to influence liquidity in money …

Persistent link: https://www.econbiz.de/10013120897

Financial System Reforms and China's Monetary Policy Framework : A DSGE-Based Assessment of Initiatives and Proposals

Funke, Michael - 2014

This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …

Persistent link: https://www.econbiz.de/10013064901

Market and Non-Market Monetary Policy Tools in a Calibrated DSGE Model for Mainland China

Chen, Qianying - 2014

Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … captures China's unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor … distorts the efficient reactions of the economy. Moreover, for China's central bankers the choice of a particular monetary …

Persistent link: https://www.econbiz.de/10013065817

China’s Regime-Switching Monetary Policy

Klingelhöfer, Jan - 2020

central bank in emerging countries like China …

Persistent link: https://www.econbiz.de/10012843107