Results 41 to 50 of about 5,921 (212)
Monetary Policy Communication: Perspectives from Former Policy Makers at the ECB
Social Science Research Network, 2023 This paper reports the results of a survey of former members of the Governing Council of the European Central Bank, which sought their views on monetary policy communication practices, the related challenges and the road ahead.
Michael Ehrmann +3 more
semanticscholar +1 more source
Is the Phillips Curve Alive and Well after All? Inflation Expectations and the Missing Disinflation
, 2013 We evaluate explanations for the absence of disinflation during the Great Recession and find popular explanations to be insufficient. We propose a new explanation for this puzzle within the context of a standard Phillips curve.
Olivier Coibion, Y. Gorodnichenko
semanticscholar +1 more source
The Nexus of Monetary Policy and Shadow Banking in China
The American Economic Review, 2017 We study how monetary policy in China influences banks’ shadow banking activities. We develop and estimate the endogenously switching monetary policy rule that is based on institutional facts and at the same time tractable in the spirit of Taylor (1993).
Kaiji Chen, Jue Ren, T. Zha
semanticscholar +1 more source
Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty
Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice, 2020 This study comparatively investigates the impacts of fiscal and monetary policies on poverty in Nigeria from 1986 to 2018. Using the Ordinary Least Square and Standardized or Beta Coefficient approach, we found that the Nigerian political system plays a ...
Maku Olukayode Emmanuel +2 more
doaj +1 more source
A Behavioral New Keynesian Model
The American Economic Review, 2016 This paper analyzes how bounded rationality affects monetary and fiscal policy via an empirically relevant enrichment of the New Keynesian model.
X. Gabaix
semanticscholar +1 more source
A DSGE Model of Slovakia with Frictional Labor Market and Monetary Regime Switch
Review of Economic Perspectives, 2017 The aim of this paper is to examine the dynamical and structural characteristics of Slovakia using a dynamic stochastic general equilibrium model augmented with search and matching mechanisms and other forms of frictions.
Pápai Adam
doaj +1 more source
How Do Firms Form Their Expectations? New Survey Evidence
The American Economic Review, 2015 We survey New Zealand firms and document novel facts about their macroeconomic beliefs. There is widespread dispersion in beliefs about past and future macroeconomic conditions, especially inflation.
Olivier Coibion +2 more
semanticscholar +1 more source
Unity of Ownership in the Islamic Framework and its Implications for the Financial Markets (Money and Capital) [PDF]
تحقیقات مالی اسلامی (پیوسته), 2019 The Unity of Ownership is one of the critical issues in the field of Islamic banking and finance that may have some considerable implications for the money and capital markets.
Hosein Meisami, Sayyed Abbas Mosavian
doaj
A Model of Secular Stagnation: Theory and Quantitative Evaluation
American Economic Journal: Macroeconomics, 2017 This paper formalizes and quantifies the secular stagnation hypothesis, defined as a persistently low or negative natural rate of interest leading to a chronically binding zero lower bound (ZLB).
Gauti B. Eggertsson +2 more
semanticscholar +1 more source
Five Facts About the Distributional Income Effects of Monetary Policy
Social Science Research Network, 2022 We document five facts about the distributional income effects of monetary policy shocks using Swedish administrative individual-level data. (i) The effects of monetary policy shocks are U shaped over the income distribution—that is, expansionary shocks ...
Niklas Amberg +3 more
semanticscholar +1 more source