Results 31 to 40 of about 22,782,565 (347)
Modeling Monetary Economies: An Equivalence Result [PDF]
SSRN Electronic Journal, 2013 We present a thought-provoking study of two monetary models: the cash-in-advance and the Lagos and Wright (2005) models. The different approaches to modeling money—reduced-form vs. explicit role—neither induce fundamental theoretical nor quantitative differences in results. Given conformity of preferences, technologies and shocks, both models reduce to
Camera, Gabriele, Chien, YiLi
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, 2014 This paper proposes a hybrid monetary model of the dollar–yen exchange rate that takes into account factors affecting the conventional monetary model's building blocks.
J. Hunter, F. Menla Ali
semanticscholar +1 more source
Two Monetary Models with Alternating Markets [PDF]
SSRN Electronic Journal, 2013 We present a thought‐provoking study of two monetary models: the cash‐in‐advance and the Lagos and Wright () models. The different approaches to modeling money—reduced form versus explicit role—induce neither fundamental theoretical nor quantitative differences in results. Given conformity of preferences, technologies, and shocks, both models reduce to
CAMERA, GABRIELE, Chien, Yili
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Cogent Economics & Finance, 2022 Understanding the monetary policy transmission mechanism is pivotal for the design of an effective monetary policy. In this regard, the coexistence of interest rate and cost channel of monetary policy has raised important implications for the conduct of ...
Madiha Munir +2 more
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The New Tools of Monetary Policy
, 2020 To overcome the limits on traditional monetary policy imposed by the effective lower bound on short-term interest rates, in recent years the Federal Reserve and other advanced-economy central banks have deployed new policy tools.
B. Bernanke
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Macroeconomic Modeling for Monetary Policy Evaluation [PDF]
SSRN Electronic Journal, 2007 We describe some of the main features of the recent vintage of macroeconomic models used for monetary policy evaluation. We point to some of the key differences with respect to the earlier generation of macro models and highlight the insights for policy that these new frameworks have to offer.
Jordi Galí, Mark Gertler
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The Monetary Model of Exchange Rate Determination for South Africa
EconomiesThe disconnect between the exchange rate and its macroeconomic fundamentals has been extensively discussed in the literature. It nonetheless continues to pose theoretical and empirical challenges in the literature.
Simiso Msomi, Harold Ngalawa
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A MONETARY BUSINESS CYCLE MODEL FOR INDIA
Economic Inquiry, 2019 A New Keynesian monetary business cycle model is constructed to study why monetary transmission in India is weak. Our models feature banking and financial sector frictions as well as an informal sector. The predominant channel of monetary transmission is
Shesadri Banerjee, P. Basu, Chetan Ghate
semanticscholar +1 more source
DSGE Models for Monetary Policy Analysis [PDF]
SSRN Electronic Journal, 2010 Monetary DSGE models are widely used because they fit the data well and can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters.
Lawrence J. Christiano +2 more
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A basic macroeconomic agent-based model for analyzing monetary regime shifts.
PLoS ONE, 2022 In macroeconomics, an emerging discussion of alternative monetary systems addresses the dimensions of systemic risk in advanced financial systems. Monetary regime changes with the aim of achieving a more sustainable financial system have already been ...
Florian Peters +3 more
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