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Communicating financial stability in monetary policy reports : a text-mining experiment in postcommunist countries

Kurowski, Łukasz; Smaga, Paweł - In: Central European Management Journal 32 (2023) 1, pp. 57-75

Purpose Financial stability has become a focal point for central banks since the global financial crisis. However, the optimal mix between monetary and financial stability policies remains unclear. In this study, the "soft" approach to such policy mix was tested - how often monetary policy (in...

Persistent link: https://www.econbiz.de/10014552857

Trust and monetary policy

De Grauwe, Paul; Ji, Yuemei - In: Journal of forecasting 43 (2024) 4, pp. 903-931

Persistent link: https://www.econbiz.de/10014554048

Identification of systematic monetary policy

Hack, Lukas; Istrefi, Klodiana; Meier, Matthias - 2023

We propose a novel identification design to estimate the causal effects of systematic monetary policy on the propagation of macroeconomic shocks. The design combines (i) a time-varying measure of systematic monetary policy based on the historical composition of hawks and doves in the Federal...

Persistent link: https://www.econbiz.de/10014477697

Financial stability considerations in the conduct of monetary policy

Bochmann, Paul; Dieckelmann, Daniel; Fahr, Stephan; … - 2023

We empirically analyze the interaction of monetary policy with financial stability and the real economy in the euro area. For this, we apply a quantile vector autoregressive model and two alternative estimation approaches: simulation and local projections. Our specifications include monetary...

Persistent link: https://www.econbiz.de/10014482923

Exchange-rate stability causes deterioration of the productive sphere and destabilizes developing economies

Huerta González, Arturo - 2024

For Matías Vernengo and Esteban Pérez Caldentey (2020), the MMT literature overemphasizes the choice of the exchange rate regime and the relevance of a flexible exchange rate regime, as well as the ultimate effect of that choice upon the policy space. In addition, they argue that the role of...

Persistent link: https://www.econbiz.de/10014551300

Dilemma of the Czech National Bank : factors of adverse macroeconomic development in Czechia

Rozmahel, Petr; Litzman, Marek - In: Modeling economic growth in contemporary Czechia, (pp. 87-101). 2024

Persistent link: https://www.econbiz.de/10014556726

Regional house price convergence : implications of monetary policy

Lin, Pin-Te; Robberts, Armand - In: Regional studies : official journal of the Regional … 58 (2024) 5, pp. 968-980

Persistent link: https://www.econbiz.de/10014556800

Inflation expectations in Czechia : measurement and determinants

Koňařík, Vojtěch; Kučerová, Zuzana; Pakši, Daniel - In: Modeling economic growth in contemporary Czechia, (pp. 153-170). 2024

Persistent link: https://www.econbiz.de/10014556783

Household inflation expectations : an overview of recent insights for monetary policy

D'Acunto, Francesco; Charalambakis, Evangelos; … - 2024

Persistent link: https://www.econbiz.de/10014557868

Is there an information channel of monetary policy?

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - 2024

shocks and study their effects on financial variables and macro variables. The first shock resembles a conventional monetary … policy shock, and the second resembles an unconventional monetary shock. The third shock leads to an increase in interest … and uncertainty decrease, and the U.S. dollar depreciates. Therefore, this third shock combines all the characteristics of …

Persistent link: https://www.econbiz.de/10014560738