Monetary Policy and Government Debt
Journal of Money, Credit and Banking, EarlyView.Abstract We study how the level of government debt affects the effectiveness of monetary policy, that is, the elasticity of economic aggregates to interest rate changes. We build a New Keynesian model where fiscal policy is non‐Ricardian and government debt is risk‐free.
NICOLAS CARAMP, ETHAN FEILICH
wiley +1 more source
Sustainable and cost-efficient machining of ZE41 magnesium alloy through optimization with Intuitionistic Fuzzy TOPSIS. [PDF]
Sci RepSivam SPSS +3 more
europepmc +1 more source
Proximity to War: The Stock Market Response to the Russian Invasion of Ukraine
Journal of Money, Credit and Banking, EarlyView.Abstract We identify a “proximity penalty” in the stock market response to the Russian invasion of Ukraine: the closer countries are to Ukraine, the lower their equity returns in a four‐week window around the start of the war. This result holds even at the firm level within Ukraine's neighbors. Trade linkages explain two‐thirds of the proximity penalty.
JONATHAN FEDERLE +3 more
wiley +1 more source
A systematic review of health economic evaluation quality assessment instruments for medical devices. [PDF]
Int J Technol Assess Health CareAkpinar I, Unsal A, Paulden M, Round J.
europepmc +1 more source
Monetary Policy When Preferences Are Quasi‐Hyperbolic
Journal of Money, Credit and Banking, EarlyView.Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
Portfolio optimization for industrial cluster defossilization in the Port of Rotterdam. [PDF]
Sci RepMoradvandi A, Ramírez AR.
europepmc +1 more source
Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley +1 more source
A Membraneless Electrochemically Mediated Amine Regeneration for Carbon Capture. [PDF]
Nat CommunHassan A, Afshari M, Rahimi M.
europepmc +1 more source
Real Effects of Exchange Rate Depreciation: The Roles of Bank Loan Supply and Interbank Markets
Journal of Money, Credit and Banking, EarlyView.Abstract Using matched bank–firm‐level data and estimating difference‐in‐differences regressions around the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply by raising banks' net worth. We focus on a new channel, interbank lending from large banks with high net dollar exposure to small banks without
THORSTEN BECK +3 more
wiley +1 more source
Macro-financial models of Canadian dollar interest rate swap yields. [PDF]
PLoS OneAkram T, Mamun K.
europepmc +1 more source