Showing 121 - 130 of 305,990
Persistent link: https://www.econbiz.de/10010471693
Persistent link: https://www.econbiz.de/10010402588
We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...
Persistent link: https://www.econbiz.de/10010461227
This paper investigates the credit channel in Germany and the United Kingdom. The financial systems of these two countries show substantial structural differences, which leads one to expect that their real sectors respond differently to changes in monetary policy. To the extent that this is the...
Persistent link: https://www.econbiz.de/10010504307
This paper estimates the effects of monetary policy on the UK economy based on a new, extensive real-time forecast data set. Employing the Romer Romer identification approach we first construct a new measure of monetary policy innovations for the UK economy. We find that a one percentage point...
Persistent link: https://www.econbiz.de/10010481311
Persistent link: https://www.econbiz.de/10011448433
Persistent link: https://www.econbiz.de/10011450745
Persistent link: https://www.econbiz.de/10011480429
Persistent link: https://www.econbiz.de/10011480508
In a standard New Keynesian model, a myopic central bank concerned with stabilizing inflation and changes in the output … stabilizing output gap changes, the central bank imparts inertia into output and inflation that is absent under pure discretion …. Even a fully optimizing (i.e., non-myopic) central bank operating in a discretionary policy environment achieves better …
Persistent link: https://www.econbiz.de/10011408406