[PDF] Top 20 Cost Channel, Interest Rate Pass Through and Optimal Policy under Zero Lower Bound

Cost Channel, Interest Rate Pass Through and Optimal Policy under Zero Lower Bound

... monetary policy shock is similar to a productivity or supply shock, which is very di¤erent from the characteristics of impulse responses ob- tained from various other demand ...of cost channel for ... See full document

25

The Empirical Implications of the Zero Lower Bound on the Interest Rate: The Case of the Czech Economy

... the interest rate is constrained by the zero lower ...the zero lower bound, and that of the four, productivity shock in the tradable sector is the most ...of lower ... See full document

14

Extending the Textbook Dynamic AD AS Framework with Flexible Inflation Expectations, Optimal Policy Response to Demand Changes, and the Zero Bound on the Nominal Interest Rate

... the policy rate called for by the Taylor ...nominal interest rate by 7 per- centage points would shift the DAD curve immediately back to its initial position (with no resulting change in the ... See full document

16

The Non Zero Lower Bound Lending Rate and the Liquidity Trap

... non-zero lower bound lending rate was combined with the conventional zero bound rate through the liquidity preference of ...lending rate towards the ... See full document

25

One essay on time inconsistent preferences and competitive equilibrium and two essays on optimal monetary policy

... nominal interest rate of period one is higher than a certain threshold, then for period one prices close to the Walrasian ones there can be sufficiently high unemployment but also the unemployment ... See full document

230

Do the Bank of Japan’s Unconventional Monetary Policies Decrease Real Interest Rates under a Zero Lower Bound?

... effectiveness through various ...production through Tobin’s q ...short-term interest rates and increase in prices, while qualitative easing stimu- lates economic ... See full document

9

Optimal exchange rate policy in a low interest rate environment

... studies optimal exchange rate policy in a low interest rate environment, a phenomenon that has become prevalent, especially in several Asian economies and Japan after July ...is ... See full document

32

Real Rigidities and Optimal Stabilization at the Zero Lower Bound in New Keynesian Economies

... monetary policy is not ine¤ective in a liquidity trap as long as it is able to a¤ect in‡ation ...in‡ation lower the current real interest rate and act to stimulate demand even if the ... See full document

48

Zero lower bound, unconventional monetary policy and indicator properties of interest rate spreads

... growth rate of industrial production is serially correlated and thus its own past values are themselves informative about future industrial production growth, it is natural to use an autoregressive (AR) model as a ... See full document

28

Is Interest Rate Pass-through in Albania Nonlinear?

... Monetary policy is proven, theoretically and empirically, to influence economy of a country through various ...monetary policy requires understanding well its transmission ...monetary policy ... See full document

13

Exchange rate policy and the zero bound on nominal interest rates

... a policy rule that keeps the price level ...future policy easing in a model with imperfect competition and random-duration Calvo-style price ...is optimal for the central bank to commit to keeping ... See full document

29

Asymmetry of Interest Rate Pass-Through in Albania

... that interest rate-pass through is incomplete, but does not find conclusive evidence on the asymmetric ...of interest rate pass through in five Caucasian economies ... See full document

5

Financial frictions and the zero lower bound on interest rates: a DSGE analysis

... There are …ve sectors in the economy: households, entrepreneurs, capi- tal producers, retailers and …nal goods producers. In addition, there is the monetary authority that sets the nominal interest rate, ... See full document

56

Retail interest rate pass through: the Irish experience

... of pass-through between the money market rate and various retail lending rates, in addition to estimating the speed at which such pass-through ...monetary policy changes as well ... See full document

24

Monetary Policy, Fiscal Policy, and Secular Stagnation at the Zero Lower Bound A View on the Eurozone

... living under a substantial fear of losing their common. If their policy choices are affected by past experience, it could be expected that they exploit the common resource more carefully in the ... See full document

130

Robust User Scheduling with COST 2100 Channel Model for Massive MIMO Networks

... The BS can estimate the direction of arrival [20], and hence the direction of the scattering objects should be available at the BS. There is a well-known algorithm to estimate the delay, direction of arrival and the ... See full document

9

Markov switching modelling of interest rate pass through

... The first paper analysesthe dynamic relationship betweenthe money market interbank different rate and short-term lending rates in Argentina.. In order to capture the effects of financial[r] ... See full document

261

Interest Rate Pass through in Sri Lanka

... monetary policy transmission ...each channel differs from economy to economy, from time to time and under different ...each channel are not constant. However, if monetary policy actions ... See full document

34

Modelling interest rate pass through in Rwanda: is the interest rate dynamics symmetric or asymmetric ?

... the policy rates because they are determined by factors other than the cost of funds, while the deposit rates are sensitive to changes in the policy rates and exhibit similar ...recent policy ... See full document

33

Interest Rate Pass through in Sri Lanka

... The interest rate channel of monetary policy transmission has a long history which goes back to the times of ...this channel was considered to be affecting price levels and output ... See full document

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