Monetary policy
Top PDF Monetary policy:
Nonconventional monetary policy in a regime-switching model with endogenous financial crises
... if monetary policy is able to influence the risk of occurrence of a financial crisis, there are better tools available for this ...that monetary policy alone cannot adequately manage the ...
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Transmission of monetary policy and bank heterogeneity in Colombia
... the monetary policy ...the policy instrument affects the cost of resources that banks use to offer loans to the ...the policy instrument is likely to be transmit- ted almost immediately to the ...
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Monetary policy at the zero lower bound : the chilean experience
... the policy interest rate would be maintained at its lowest level for a long period of time, which was the main goal behind the implementation of the FLAP, as ...following monetary policy announcement ...
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Essays on sticky prices, aggregate investment and monetary policy.
... of monetary policy are also interesting from a positive point of ...etary policy explains in itself the stabilization of macroeconomic outcomes in the ...
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Essays on uncertainty, monetary policy and financial stability
... of monetary policy and unemployment ...ECB policy rate on activity in Euro area ...that monetary policy is (approximately) independent of idiosyncratic household or regional shocks, ...
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Monetary policy and the output gap
... an monetary policy, in a small open economy like the Colombian, must take in to account, the Trilema of monetary policy and the nominal anchor of the economy, in this context, the central bank ...
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Essays on monetary policy and learning
... optimal monetary policy in our theoretical ...optimal policy is that the Central Bank should act more aggressively towards inflation that what a rational expectations model ...optimal policy, ...
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Modeling the monetary policy reaction function of the colombian central bank
... on monetary, exchange and credit ...the monetary policy in Colombia has followed a strategy of inflation targeting, with the Board of Directors of the Bank explicitly setting inflation targets, as ...
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Essays on Inflation Dynamics and Monetary Policy in Currency Areas
... European Monetary Union (EMU) induced a considerable in- crease of the intra trade volumes of the member countries, due to the advantages of having the same unit of accounts and no exchange rate ...and ...
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Global policy spillovers and Perus monetary policy: Inflation targeting, foreign exchange intervention and reserve requirements
... of monetary policy is the short-term interest ...the monetary policy stance to the ...its policy interest rate to fight inflationary pressures during periods of high inflation or output ...
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Asymmetric effects of monetary policy on the Colombian house prices
... Kengne et al. (2013) used a Markov-Switching VAR to analyze regime dependent impulse re- sponse functions with a contractionary shock, finding evidence of asymmetries in monetary policy transmission between ...
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Monetary Policy with Liquidity Frictions
... disinflation policy results in an income reallocation among debtors and ...disinflation monetary policy leads to improvements of liquidity in the economy because the money holdings are used by the ...
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Heterogeneous Effects of Monetary Policy
... ditional monetary policy transmission through demand) and variations in material and labor costs are controlled away through, respectively, appropri- ate dummies and firm level information on variations in ...
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Essays on Monetary Policy, Wage Bargaining and Fiscal Policy
... spending upward biases emerge as the optimal response to the static distortions. The paper shows that appointing a central banker more conservative than society in terms of inflation targets improves steady-state ...
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Monetary Policy Rules in Colombia
... ducted monetary policy since 1991 when the new political constitution declared complete autonomy of the Bank in policy management with the sole objective of controlling the growth of prices in the ...
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Empirical Essays on Monetary Policy
... of monetary policy to different asset prices, most commonly to stock prices (Rigobon and Sack, 2003; Siklos and Bohl, 2008; Fuhrer and Tootel, ...the policy information set (because they contain ...
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WO R K I N G PA P E R S E R I E S
... the monetary-policy decision ...of monetary policy emphasizes that monetary-policy actions have effects on the economy and the central bank’s target variables almost exclusively ...
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Martins & Farhi, Macroeconomic policies in the aftermath of the crisis, versã o 1,5 (1)
... Meanwhile, the huge financial institutions and insurance companies’ losses, which assumed a very speculative position using OTC derivatives, and the Lehman Brothers’ collapse, caused a halt in the interbank market, ...
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Central Bank liquidity management and “unconventional” monetary policies
... a policy that reduces reserve requirements when the borrowing-lending spread rises, documenting that this type of policy may be useful to smooth the effects of shock to bank ...of monetary ...
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Monetary Theory and Policy
... of monetary policy in the United States using alternative measures of policy shocks and discussed how di¤erent choices can produce puzzling results, at least puzzling relative to certain theoretical ...
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