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Monetary growth and monetary policy

open access: yesPSL Quarterly Review, 2013
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

The effectiveness of monetary policy [PDF]

open access: yesReview, 2005
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 Policy and Inequality [PDF]

open access: yesSSRN Electronic Journal, 2022
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, Asger Lau   +3 more
openaire   +7 more sources

The transmission of monetary policy shocks [PDF]

open access: yes, 2021
Commonly used instruments for the identification of monetary policy disturbances are likely to combine the true policy shock with information about the state of the economy due to the information disclosed through the policy action.
Miranda-Agrippino, Silvia   +1 more
core   +1 more source

The effectiveness of tax incentives to encourage private savings

open access: yesBaltic Journal of Economics, 2022
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

Monetary Policy Uncertainty and Monetary Policy Surprises [PDF]

open access: yesFinance and Economics Discussion Series, 2020
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

Mortgages and Monetary Policy [PDF]

open access: yesSSRN Electronic Journal, 2013
Mortgages are long-term nominal loans. Under incomplete asset markets, monetary policy is shown to affect housing investment and the economy through the cost of new mortgage borrowing and the value of payments on outstanding debt. These channels, distinct from traditional transmission of monetary policy, are evaluated within a general equilibrium model.
Carlos Garriga   +2 more
openaire   +13 more sources

Optimal Monetary Policy [PDF]

open access: yesSSRN Electronic Journal, 2000
Optimal monetary policy maximizes the welfare of a representative agent, given frictions in the economic environment. Constructing a model with two sets of frictions-costly price adjustment by imperfectly competitive firms and costly exchange of wealth for goods-we find optimal monetary policy is governed by two familiar principles.
Alexander L. Wolman   +4 more
openaire   +6 more sources

Communication and Monetary Policy [PDF]

open access: yesOxford Review of Economic Policy, 2002
Recent trends toward greater central bank independence and the adoption of formal inflation targeting by several countries have served to emphasize the importance of communication policy. In this paper, we explore some of the economic effects of public information that arise whenever public information serves the dual role of conveying fundamental ...
Amato, Jeffery D.   +2 more
openaire   +6 more sources

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