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Wage setting patterns and monetary policy : international evidence

Olivei, Giovanni P.; Tenreyro, Silvana - 2010

Systematic differences in the timing of wage setting decisions among industrialized countries provide an ideal framework to study the importance of wage rigidity in the transmission of monetary policy. The Japanese Shunto presents the best-known case of bunching in wage setting decisions: From...

Persistent link: https://www.econbiz.de/10008663350

Die Auswirkungen von Niedrigzinsen und unkonventionellen geldpolitischen Maßnahmen auf die Vermögensverteilung

Demary, Markus; Niehues, Judith - 2015

Die krisenhaften Entwicklungen seit dem Jahr 2008 haben es für die großen Zentralbanken notwendig gemacht, ihre Leitzinsen auf nahezu Null zu senken. Gleichzeitig bekunden die Zentralbanken, dass sie die Zinsen noch für eine ausgedehnte Zeit niedrig halten werden. In einem solchen Umfeld von...

Persistent link: https://www.econbiz.de/10011284256

Vices and Virtues of Monetary Policy During the Great Moderation Era

Fait, Silvano - 2011

monetary policy from the end of the Great Inflation up to the beginning of the Great Recession. Some of these changes will be …

Persistent link: https://www.econbiz.de/10013117392

Alternative Monetary Policy Rules for India

Patra, Michael Debabrata - 2012

-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and …

Persistent link: https://www.econbiz.de/10013102281

Monetary Transmission Mechanism in India : A Quarterly Model

Kapur, Muneesh - 2012

inflation as well as non-agricultural growth and non-food manufactured products inflation, i.e., components stripped of the … with a lag of 2 quarters and that on non-food manufactured products inflation is 25 bps with a lag of 5 quarters. Therefore …, the interest rate channel is effective in the Indian context and the magnitude of the impact on growth and inflation is …

Persistent link: https://www.econbiz.de/10013102882

Monetary Policy Without Interest Rates : Evidence from France 's Golden Age (1948-1973) Using a Narrative Approach

Monnet, Eric - 2013

before the Great Inflation. They also suggest that quantities of money and credit can play a greater role than their prices …

Persistent link: https://www.econbiz.de/10013076326

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

Persistent link: https://www.econbiz.de/10013155688

Verdict on the Crash : Causes and Policy Implications

Booth, Philip - 2009

This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...

Persistent link: https://www.econbiz.de/10013156184

Recent Monetary Policy and the Credit Card-Augmented Divisia Monetary Aggregates

Liu, Jinan - 2020

The main objective of this paper is to examine the information content of the credit card-augmented Divisia monetary aggregates and credit card-augmented Divisia inside monetary aggregates, recently produced by the Center for Financial Stability. We compare the inference ability of the credit...

Persistent link: https://www.econbiz.de/10012836812

Quantifying the Fed’s Objective

Ou, Shengliang - 2020

The Federal Reserve's objective, namely the dovish stance, is often blamed for the Great Inflation. A popular proxy for … the former is constructed based on the inflation coefficients in estimated Taylor rules. However, for a welfare …

Persistent link: https://www.econbiz.de/10012843608