Results 101 to 110 of about 24,918 (209)
The optimal inflation tax when taxes are costly to collect [PDF]
Tax collection costs have been advocated in the literature as a reason to deviate from the Friedman rule, in standard general equilibrium monetary models with flexible prices.
De Fiore, Fiorella
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Foreign exchange interventions and monetary policy: evidence from emerging economies
Review of Economic PerspectivesThe role of foreign exchange interventions in monetary policy conduct is an ongoing debatable issue, especially in inflation-targeting emerging economies, where monetary authority can follow other targets rather than price stability.
Bui Trung Thanh
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Funding liquidity risk: definition and measurement [PDF]
In this paper we propose definitions of funding liquidity and funding liquidity risk and present a simple, yet intuitive, measure of funding liquidity risk based on data from open market operations.
Drehmann, Mathias, Nikolaou, Kleopatra
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The performance of forecast-based monetary policy rules under model uncertainty [PDF]
We investigate the performance of forecast-based monetary policy rules using five macroeconomic models that reflect a wide range of views on aggregate dynamics. We identify the key characteristics of rules that are robust to model uncertainty: such rules
Levin, Andrew T. +2 more
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Identifying the bank lending channel in Brazil through data frequency [PDF]
Using the different response timings of credit demand and supply, we isolate supply shifts after monetary policy shocks. We show that the bank lending channel exists in Brazil: after an increase (decrease) in the basic interest rate (Selic), banks reduce
Christiano Arrigoni Coelho +2 more
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Welfare implications of joining a common currency [PDF]
This paper examines the welfare implications of a country joining a currency union as opposed to operating in a flexible exchange rate regime. At the country level, the suboptimal response to domestic and foreign shocks and the inability of setting ...
Ca' Zorzi, Michele +2 more
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e58 Monitoring of immunoglobulins in patients with systemic lupus erythematosus treated with rituximab and associated infection risk of hypogammaglobulinaemia [PDF]
Rheumatology, 2018 Sean Davidson, Josephine Vila
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Liquidity requirements and payment delays - participant type dependent preferences [PDF]
The paper presents an analysis of the trade-offs of participants of different type between payment delay and liquidity requirement on the basis of synthetically generated data. The generation of the synthetic transaction data set for a simple RTGS system
Schulz, Christian
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Inflation zone targeting [PDF]
We study optimal monetary policy design in a simple model that deviates from the linear-quadratic paradigm and provides a rationale for the practice of inflation zone targeting.
Orphanides, Athanasios, Wieland, Volker
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El Trimestre Económico, 2016 El objetivo de este artículo es verificar la presencia de asimetrías en la actuación del Banco Central Europeo (BCE) desde el inicio de su mandato hasta finales de 2014. La metodología utilizada es doble: la estimación, mediante el método de los momentos
Esther Barros-Campello +2 more
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