Similar Search Results

Asset prices and monetary policy in Kenya

Nyakerario Misati, Roseline; Morekwa Nyamongo, Esman - In: Journal of Economic Studies 39 (2012) 4, pp. 451-468

Purpose – The purpose of this paper is to investigate the effectiveness of asset price channel in monetary policy transmission and the effect of stock market volatility on monetary policy in Kenya. Design/methodology/approach – Empirical analysis is based on quantitative analysis which...

Persistent link: https://www.econbiz.de/10014863335

Monetary policy rules for Indonesia: which type is the most efficient?

Wimanda, Rizki E.; Turner, Paul M.; Hall, Maximilian J.B. - In: Journal of Economic Studies 39 (2012) 4, pp. 469-484

Purpose – The purpose of this paper is to evaluate the performance of six types of policy rules applied for Indonesia, using monthly data spanning January 1980 to December 2008. Design/methodology/approach – This paper uses deterministic simulations on a small macro model and evaluates the...

Persistent link: https://www.econbiz.de/10014863336

Financial market reactions to announcements of monetary policy decisions

Ferreira de Mendonça, Helder; Faria, Ivando - In: Journal of Economic Studies 40 (2013) 1, pp. 54-70

Purpose – The purpose of this paper is to make an analysis of the Brazilian experience after the adoption of inflation targeting concerning the effects caused by the new practices of transparency and communication in the monetary policy. Design/methodology/approach – Changes in the financial...

Persistent link: https://www.econbiz.de/10014863354

Real wages and monetary policy: a DSGE approach

Perry, Bryan; Phillips, Kerk; Spencer, David E. - In: Journal of Economic Studies 42 (2015) 5, pp. 734-752

Purpose – Studies of the cyclical behavior of real wages have identified monetary shocks and examined the response of real wages and output or employment. A finding that real wages are procyclical in response to a positive monetary policy shock is taken as evidence that prices are stickier...

Persistent link: https://www.econbiz.de/10014863973

Exchange rate fluctuations and macroeconomic performance

Yildirim, Zekeriya; Ivrendi, Mehmet - In: Journal of Economic Studies 43 (2016) 5, pp. 678-698

Purpose Recent turbulence in global financial markets implies that emerging economies are likely to soon enter a new era with greater pressure for currency depreciation and capital outflows. This will likely bring challenges, including macroeconomic instability and inflationary pressures due to...

Persistent link: https://www.econbiz.de/10014863980

Active fiscal policy and macroeconomic stability

de Jesus, Cleiton Silva; Correia, Fernando Motta - In: Journal of Economic Studies 43 (2016) 5, pp. 749-762

Purpose The purpose of this paper is to investigate whether fiscal policy may be a complementary instrument to monetary policy in the macrostabilization process. Design/methodology/approach The authors developed a dynamic system with two linear differential equations in order to verify if an...

Persistent link: https://www.econbiz.de/10014864097

The quantitative easing effect on the stock market of the USA, the UK and Japan

Lima, Luiz; Vasconcelos, Claudio Foffano; Simão, Jose; … - In: Journal of Economic Studies 43 (2016) 6, pp. 1006-1021

) practiced by central banks in the USA, the UK, and Japan was effective to increase the market share after subprime crisis …. Design/methodology/approach In order to analyze the effect of the QE on the stock markets of the USA, the UK, and Japan, the … implemented by the central banks in the USA, Japan, and the UK had a positive impact on their stock markets. Originality/value The …

Persistent link: https://www.econbiz.de/10014864240

Credibility and the credit channel transmission of monetary policy theoretical model and econometric analysis for Brazil

Caldas Montes, Gabriel; Cabral Machado, Caroline - In: Journal of Economic Studies 40 (2013) 4, pp. 469-492

Purpose – The purpose of this paper is to present a theoretical model and empirically verifies the transmission of monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the maturity of the inflation targeting regime affect...

Persistent link: https://www.econbiz.de/10014864360

Do expectations and decisions respond to monetary policy?

Petersen, Luba - In: Journal of Economic Studies 42 (2015) 6, pp. 972-1004

Purpose – The purpose of this paper is to explore the ability of monetary policy to generate real effects in laboratory general equilibrium production economies. Design/methodology/approach – To understand why monetary policy is not consistently effective at stabilizing economic activity,...

Persistent link: https://www.econbiz.de/10014864455

Central bank opacity and inflation uncertainty

Almeida, Ronaldo Trogo de; Corrêa, Wilson Luiz Rotatori; … - In: Journal of Economic Studies 44 (2017) 2, pp. 313-328

Purpose This paper relates to the literature on central bank (CB) transparency and inflation uncertainty. Considering that opacity is a possible source for inflation uncertainty the purpose of this paper is to test the hypothesis that increase in the dispersion of the degree of CB opacity...

Persistent link: https://www.econbiz.de/10014864513