Monetary Policy and Industrial Output in the BRICS Countries: A Markov-Switching Model
Folia Oeconomica Stetinensia, 2017 This paper examines whether the five BRICS countries share similar business cycles and determines the probability of any of the countries moving from a contractionary regime to an expansionary regime.
Kutu Adebayo Augustine, Ngalawa Harold
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Optimal Monetary Policy with Staggered Wage and Price Contracts
Kredit und Kapital, 1999 We formulate an optimizing-agent model in which both labor and product markets exhibit monopolistic competition and staggered nominal contracts. The unconditional expectation of average household utility can be expressed in terms of the unconditional ...
C. Erceg, D. Henderson, Andrew T. Levin
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Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications
, 2012 We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel, supervisory dataset with loan applications from Spain.
Gabriel Jiménez +3 more
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Unravelling the Secrets of Inflation in the Euro Area – A Frequency Decomposition Approach
Folia Oeconomica Stetinensia, 2020 Research background: The study contributes to the field of monetary economics. In the practice of monetary policy, all central banks have a vivid interest in distinguishing between signals and noise in the data.
Gerdesmeier Dieter +2 more
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Financial Factors in Economic Fluctuations
Social Science Research Network, 2010 We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the ...
Lawrence J. Christiano +2 more
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Measuring monetary policy by money supply and interest rate: evidence from emerging economies
Review of Economic Perspectives, 2021 Although measuring monetary policy is a contentious issue in the literature, much less evidence on this issue is available for emerging economies. This paper aims to investigate the role of interest rate and money supply in measuring monetary policy in ...
Bui Trung Thanh, Gábor Kiss Dávid
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Fed and ECB: which is informative in determining the DCC between bitcoin and energy commodities? [PDF]
Journal of Capital Markets Studies, 2020 Purpose – This paper provides an important perspective to the predictive capacity of Fed and European Central Bank (ECB) meeting dates and production announcements for the dynamic conditional correlation (DCC) between Bitcoin and energy commodities ...
Abdelkader Derbali +4 more
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Passing on negative interest rates
International Journal of Management and Economics, 2020 Since the ECB has lowered the interest rate on deposits into negative territory, more and more commercial banks are also passing on this negative interest rate to their customers.
Stadtmann Georg +3 more
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Measuring Nominal and Real Convergence of Selected CEE Countries by the Taylor Rule
International Journal of Management and Economics, 2016 We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with instabilities and ...
Böing Tobias +2 more
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Integrating Single-Cell and Spatial Transcriptomics Reveals Heterogeneity of Early Pig Skin Development and a Subpopulation with Hair Placode Formation. [PDF]
Adv Sci (Weinh)Pigs are a valuable resource for human medical research. This study presents a high resolution spatial‐temporal transcriptome atlas to study embryonic pig skin. The results indicate notable similarities between pigs and humans in early skin development.
Wang Y +9 more
europepmc +2 more sources