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Greening monetary policy [PDF]
While there is increasing interest in decarbonizing or greening monetary policy, central banks are keen to maintain market neutrality. However, there is evidence that the market has a bias towards carbon-intensive companies.
D. Schoenmaker
semanticscholar +8 more sources
Optimal monetary policy maximizes the welfare of a representative agent, given frictions in the economic environment. Constructing a model with two broad sets of frictions — costly price adjustment by imperfectly competitive firms and costly exchange of ...
Alexander L. Wolman+2 more
core +7 more sources
The effectiveness of monetary policy [PDF]
The analysis addresses changing views of the role and effectiveness of monetary policy, inflation targeting as an "effective monetary policy," monetary policy and short-run (output) stabilization, and problems in implementing a short-run stabilization ...
Marcela M. Williams, Robert H. Rasche
core +7 more sources
Monetary growth and monetary policy
The present paper describes the patterns of monetary growth observed in the recent past and traces the role of the monetary authorities and of other factors in the process.
K. BRUNNER
doaj +3 more sources
U.S. monetary policy and monetary policy and the ESCB [PDF]
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Hetzel, Robert L.
core +3 more sources
Monetary Policy and Inequality [PDF]
ABSTRACTWe analyze the distributional effects of monetary policy on income, wealth, and consumption. We use administrative household‐level data covering the entire population in Denmark over the period 1987 to 2014 and exploit a long‐standing currency peg as a source of exogenous variation in monetary policy.
Andersen, AL+3 more
openaire +8 more sources
The effectiveness of tax incentives to encourage private savings
This study examines the impact of tax incentives for long-term savings on total private savings using data for Latvia contained in HFCS 2014 and 2017.
Ludmila Fadejeva, Olegs Tkacevs
doaj +1 more source
Can Food Inflation Be Stabilized By Monetary Policy? A Quantile Regression Approach
Theoretically, a consistent and well-defined monetary policy can stabilize food inflation. However, empirical findings have reported both positive and negative effects of monetary policy measures on food inflation.
Choudary Ihtasham Ali+5 more
semanticscholar +1 more source
Monetary Policy Uncertainty and Monetary Policy Surprises [PDF]
Monetary policy uncertainty affects the transmission of monetary policy shocks to longer-term nominal and real yields. For a given monetary policy shock, the reaction of yields is more pronounced when the level of monetary policy uncertainty is low.
Michiel De Pooter+3 more
openaire +2 more sources
A Reassessment of Monetary Policy Surprises and High-Frequency Identification
High-frequency changes in interest rates around FOMC announcements are an important tool for identifying the effects of monetary policy on asset prices and the macroeconomy.
M. Bauer, Eric T. Swanson
semanticscholar +1 more source