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Estimation of effects of recent macroprudential policies in a sample of advanced open economies

Nymoen, Ragnar; Pedersen, Kari; Sjåberg, Jon Ivar - 2018

We analyse a quarterly panel data set consisting of ten advanced open economies that have introduced macroprudential policy measures: caps on loan to value and income (LTV and LTI), and debt service to income (DSTI) requirements in particular, but also risk weights (RW), amortization (Amort)...

Persistent link: https://www.econbiz.de/10011899877

Global Effective Lower Bound and Unconventional Monetary Policy

Wu, Jing Cynthia - 2018

In a standard open-economy New Keynesian model, the effective lower bound causes anomalies: output and terms of trade respond to a supply shock in the opposite direction compared to normal times. We introduce a tractable two-country model to accommodate for unconventional monetary policy. In our...

Persistent link: https://www.econbiz.de/10012453006

The fiscal effects of terms-of-trade-driven inflation

Motyovszki, Gergö - 2023

Persistent link: https://www.econbiz.de/10014631567

A large open economy model to assess macroeconomic policy performance in Japan

McNelis, Paul D. - 2024

Persistent link: https://www.econbiz.de/10014543873

A Comparison Analysis of Monetary Policy Effect Under an Open Economy Model

Lee, Keun Yeong - 2018

The paper analyzes and compares the effects of domestic monetary policy using DSGE, DSGE-VAR, and VAR based on a two-country open economy model of Korea and the U.S. According to impulse response analysis, a domestic interest rate hike raises won value in the case of DSGE and DSGE-VAR models,...

Persistent link: https://www.econbiz.de/10012915655

Global Effective Lower Bound and Unconventional Monetary Policy

Wu, Jing Cynthia - 2018

In a standard open-economy New Keynesian model, the effective lower bound causes anomalies: output and terms of trade respond to a supply shock in the opposite direction compared to normal times. We introduce a tractable framework to accommodate for unconventional monetary policy. In our model,...

Persistent link: https://www.econbiz.de/10012916610

An estimated model of a commodity-exporting economy for the integrated policy framework : evidence from Mongolia

Doojav, Gan-Ochir; Gantumur, Munkhbayar - 2023

This paper develops an estimated New Keynesian model of a commodity-exporting economy for an integrated policy framework, integrating the full range of policies used in practice and featuring a range of nominal and real rigidities, macro-financial linkages, and transmission channels of external...

Persistent link: https://www.econbiz.de/10014249617

Border Effects in Passenger Air Traffic

Klodt, Henning - 2005

The empirical literature on border effects suggests that national borders substantially reduce the level of economic transactions. This paper adds another piece of evidence to the significance of border effects by applying a new data set which is completely independent of the data sets of...

Persistent link: https://www.econbiz.de/10014067905

Ölpreise und makroökonomische Stabilisierung in offenen Volkswirtschaften

Clemens, Marius - 2015

Ölpreiskanäle in DSGE-Modellen -- Ölpreis, Arbeitslosigkeit und optimale Geldpolitik.-Ölpreisschocks und optimale … Geldpolitik in kleinen Volkswirtschaften -- Endogener Ölpreis und Zentralbankkooperation in großen Volkswirtschaften. . … Ölpreisveränderungen untersucht. Der Inhalt Ölpreiskanäle in DSGE-Modellen Ölpreis, Arbeitslosigkeit und optimale Geldpolitik …

Persistent link: https://www.econbiz.de/10014019489

Transmission mechanisms of conventional and unconventional monetary policies in open economies

Hajdukovic, Ivan - In: International economics and economic policy 19 (2022) 3, pp. 491-536

Persistent link: https://www.econbiz.de/10013440212