Conventional monetary policy
Non-Conventional Monetary Policy: The Case of Bolivia
... non-conventional monetary policy on the output gap, different econometric specifications (unrestricted VAR, SVAR SR, SVAR LR, BVAR) are contemplated in expansive (positive) shocks and contractionary ...
9
Financial (in)stability, low interest rates and (un)conventional monetary policy: potential risks and policy measures
... Financial instability, low interest rates and unconventional monetary policy: Potential risks and policy measures IN-DEPTH ANALYSIS Abstract Since the advent of the global financial cris[r] ...
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Unconventional monetary policy: a theoretical perspective
... The model that will be used for the analysis done in this paper is a dynamic stochastic general equilibrium model (DSGE) based on models developed by Christiano, Eichenbaum and Evans (2005) and Smets and Wouters (2007). ...
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Uncovering the heterogeneous effects of ECB unconventional monetary policies across euro area countries
... of conventional monetary policy, the industry structure of a country may affect the transmission of mon- etary policy because sectors react differently to changes in the policy rate ...
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Shocking aspects of monetary policy on income inequality in the euro area
... of monetary policy in 12 EA countries for the period ...policies, monetary policy shocks are extracted from innovations to the short-term and the shadow ...that monetary policy ...
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The Effects of Conventional and Unconventional Monetary Policy Surprises on Asset Markets in the United States
... the policy days considered are days of FOMC meetings and of the Chairman’s semi-annual monetary policy testimony to ...205 policy dates, of which five are discarded due to holidays in ...
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Monetary policy transmission and income inequality in Sub-Saharan Africa
... to conventional monetary policy, compress the distribution of ...expansionary monetary policy. In the wake of innovations in monetary policy, income inequality increases ...
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The impact of conventional and unconventional monetary policy on expectations and sentiment
... ECB’s conventional monetary policy we employ the Main Operations Refinancing rate (MROr) and to measure Fed’s monetary policy stance we employ the shadow Fed funds rate (Wu and Xia, ...
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"Policy mandates for macro-prudential and monetary policies in a new Keynesian framework"
... from monetary policy that leans against the wind by performing welfare ...simple monetary policy rules that feed back on nancial variables, such as deviations of credit, credit spreads or ...
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The distributive effects of conventional and unconventional monetary policies
... the conventional monetary policy models is from 1983 to ...unconventional monetary policy models, the estimation sample is from 2009 to ...
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Essays on unconventional monetary policy and macroprudential policy
... between monetary policy and macroprudential policy in a macroeconomic model with credit supply ...measures policy performance when the conventional monetary policy ...
228
Exchange Rate Pass through to Prices : Bayesian VAR Evidence for Ghana
... to monetary expansion. The narrative is that monetary expansion in the form of a decrease in the policy rate has inflationary tendencies for the Ghanaian ...
14
Conventional and unconventional monetary policy
... where p t is the log of the general price index at time t. (Note that (18) simply states that the first difference of p ˜ t should be zero each period, so that p ˜ t must never be allowed to change.) This is an output ...
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Monetary Policy, Inflation and Dollarization in the Economies of Central Asia
... Table 1 consists of four columns, and each column reports results for di¤erent measures of the monetary factor used in the estimation. In the …rst two columns, an error correction model is included as a regressor. ...
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The Effects of Monetary Policy in the Czech Republic: An Empirical Study
... Czech monetary policy on the economy within VAR, structural VAR, and the Factor-Augmented VAR ...of monetary policy ...contractionary monetary policy shock has a negative effect ...
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Cost-Push Shocks and Monetary Policy and Monetary Policy
... optimal policy involves completely stabilising producer prices when there are no cost-push ...optimal policy when the variance of cost-push shocks is ...optimal policy when the variance of cost-push ...
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Monetary Policy Rules and Directions of Causality: a Test for the Euro Area
... between monetary and real variables and the possibility of variations in the former proving neutral or otherwise with respect to the dynamics of the ...and monetary variables ...regard monetary ...
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Disentanglement of natural interest rate shocks and monetary policy shocks nexus
... Bank of Russia suspended exchange rate market operations on November 10. I correspond this date to the beginning of the floating exchange rate regime. In two months rubble exchange rate plummeted almost two times due to ...
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Liquidity effects and cost channels in monetary transmission
... a monetary condition as given by (29h), allow us (i) to study the economy’s response to di¤erent de- mand and supply shocks under an active monetary policy, as observed in reality, inferring the ...
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Three Essays on Macroeconomics and Financial Frictions.
... This paper relates to a vast literature studying financial frictions in macroeconomics. Earlier seminal works include Kiyotaki and Moore (1997) (KM hereafter), Bernanke et al. (1999) (BGG hereafter), among others. Using ...
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