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Oil price shock in the US and the euro area – evidence from the shadow rate and the term premium
Review of Economic Perspectives, 2021 The aim of this article is to investigate the consequences of oil price changes for the economy of the US and the euro area. Oil price transmission channel is assessed using Granger causalities and structural vector autoregressive (VAR) specifications ...
Pažický Martin
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Turnover in EU Monetary Policy in a Crisis
ECONOMICS, 2023 The role of monetary policy has become increasingly important in recent years, as a range of economic challenges have emerged, affecting both developing and economically advanced countries.
Lebedeva Larysa, Shkuropadska Diana
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The reputation of a newborn central bank
PSL Quarterly Review, 2012 Most of the problems that the European Central Bank has encountered are due to the slow progress made in improving the quality of the monetary union. The increasing variance of the inflationary process among the 12 countries, especially at the extremes ...
Zeno Rotondi, Giacomo Vaciago
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The Impact of Macroprudential Policy Instruments on Financial Stability in Southern Europe
Naše Gospodarstvo, 2022 This paper is a contribution to the body of research examining the impact of macroprudential policy instruments on financial stability. The following hypothesis was tested (H1): Macroprudential policy instruments (household borrowing costs; interbank ...
Lorenčič Eva, Festić Mejra
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El Trimestre Económico, 2021 En este artículo se reexaminan los escritos de Keynes desde Moneda y finanzas de la India (1913/1971) hasta la Teoría general de la ocupación, el interés y el dinero (1936a/1965), en particular, con un enfoque en la inestabilidad financiera.
Joerg Bibow
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Central Bank Independence and its Impact on Fiscal Deficit: Evidence from India
Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice, 2023 The paper explores the relationship between Central bank independence (CBI) and fiscal deficit in India. Moreover, the study tries to assess the impact of CBI on the levels of fiscal deficit.
Ahmad Bhat Aijaz +3 more
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Monetary Policy and Domestic Investment in Nigeria: The Role of the Inflation Rate
Economics and Business, 2020 Economic theory suggests that monetary policy can be used to stabilize an economy. However, the ability of monetary policy targets—interest rates and money supply—to stabilize an economy depends on their ability to achieve price stability.
Ezeibekwe Obinna Franklin
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Growth prospects, the natural interest rate, and monetary policy
Economics: Journal Articles, 2019 The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion.
Fiedler Salomon +3 more
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Debt Spillovers in a Monetary Union: A Novel Rationale for Central Bank Independence
Economics: Journal Articles, 2022 Central bank independence has been championed on the grounds that it avoids political business cycles, the time-inconsistency problem of discretionary monetary policy, and political conflicts.
Campoy Juan Cristóbal +1 more
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Examining the effect of credit on monetary policy with Markov regime switching: Evidence from Turkey
Economics and Business Review, 2022 This paper analyses the effect of credit on monetary policy responses for different regimes in Turkey. To do so, the Taylor rule augmented with the credit gap is estimated by using a Markov regime switching model from January 2006 to December 2019.
İlhan Ali
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