[PDF] Top 20 Interest rate dynamics and monetary policy implementation in Switzerland

... deposit rate has become the new reference rate for the ...new interest rate targeting regime, there is certainly an increased con- cern about the level of longer-term money market ...ECB’s ... See full document

... of interest rate spread in the ...several policy rules in the face of different types of shocks. One of the policy they consider is a spread adjusted Taylor-rule, proposed by Taylor (2008), ... See full document

... The NAIRU estimates of Vinent (2004) also exhibit large standard errors. His uses an econometric approach similar to that of Zanetti. He also regresses first differences of the CPI on itself, unemployment, and supply ... See full document

... exchange rate regime or price index to ...across monetary-exchange rate policy regimes evaluated in the present ...exchange rate pass-through of nominal exchange rate changes to ... See full document

... This evidence casts doubts on the LIBOR miracle assumption. Lower LIBOR volatility is only to be expected when the central bank shapes its market activity with the explicit aim of stabilizing the LIBOR. The LIBOR may ... See full document

... for Switzerland comprising nominal M3, real gross domestic product (GDP), the GDP deflator and the government bond ...identify monetary policy shocks, they find that the residuals from the long-run ... See full document

... In Switzerland, negative policy interest rates were transmitted swiftly to the entire spectrum of money and capital market interest rates, and markets are generally functioning without ... See full document

... of monetary policy on the real economy, the latest global economic crisis has spurred further the debates on the various mechanisms, transmission channels and time ...single monetary policy of ... See full document

... of monetary policy on economic growth among ECOWAS’ member countries over the period 1980 – ...in interest rates affect the economic growth of selected ECOWAS’ member states as well as evaluates the ... See full document

... the dynamics of monetary policy instruments in ...growth rate for agricultural output was 5.9% while the compound rate of growth amounted to ...exchange rate and interest ... See full document

... expansionary monetary policy, lending booms, capital inflows or financial ...sionary monetary policies since the latest financial crisis could create difficulties for future monetary ... See full document

... and dynamics of adjustments of commercial banks’ retail rates to monetary policy changes in ...interbank rate, repo rate and Tbill rate had a positive effect on both the lending ... See full document

... of monetary policy ...of policy response to economic variables may be more significant in our model since the results are more ...in monetary policy on macroeconomic stability depends ... See full document

... inflation rate to a positive monetary policy shock rise in the whole ...The monetary policy shock has a small effect (both short and long term) on the inflation rate during ... See full document

... between monetary policy autonomy and different exchange-rate regimes in the small open European economies during the periods of the 1980s and ...exchange rate regime of any country is not a ... See full document

... system, monetary policy, financial fluctuation, stock volatility and among other ...in interest rates because of the interest rates are a significant part of economy and have an effect on the ... See full document

... quantifying monetary policy actions through longer-term rates is a relatively new approach, though it has been gradually gaining ...of policy rate changes, forward guidance, and ...long-term ... See full document

... of monetary theory, according to visser (1991) is traced to the quantity theory of ...tradition, monetary policy operates through changes in interest rate sensitivity and this will ... See full document

... in monetary aggregates and interest rate in the determination of output and ...set interest rates and meet all the requirements of the ...going interest rates, no matter how the ... See full document

... how interest rate liberalization influences the effectiveness of monet- ary policy ...the policy rates to retail lending rates became faster and more complete after interest rate ... See full document