Results 171 to 180 of about 6,793 (328)

CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley   +1 more source

Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI   +2 more
wiley   +1 more source

Growth of a Tessellation: Geometric rules for the Development of Stingray Skeletal Patterns. [PDF]

open access: yesAdv Sci (Weinh)
Yang B   +8 more
europepmc   +1 more source

What Are Asset Price Bubbles? A Survey on Definitions of Financial Bubbles

open access: yesJournal of Economic Surveys, EarlyView.
ABSTRACT Financial bubbles and crashes have repeatedly caused economic turmoil notably but not just during the 2008 financial crisis. However, both in the popular press as well as scientific publications, the meaning of bubble is sometimes unspecified.
Michael Heinrich Baumann   +1 more
wiley   +1 more source

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