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SSRN Electronic Journal, 2000 Summary: 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
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Monetary growth and monetary policy
PSL 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
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Monetary Policy and Inequality [PDF]
SSRN 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, AL +3 more
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The effectiveness of tax incentives to encourage private savings
Baltic 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]
Finance 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
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Mortgages and Monetary Policy [PDF]
SSRN 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
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Communication and Monetary Policy [PDF]
Oxford 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 ...
Jeffrey D. Amado +2 more
openaire +6 more sources
Monetary and fiscal policy mix in a small open economy: Evidence from Nigeria
Scientific African, 2020 In this article we employed structural vector auto-regressive (SVAR) model to assess the degree of coordination between monetary and fiscal policy and how such coordination has helped to attain common policy goals of macroeconomic stability in Nigeria ...
Moses Kpughur Tule +2 more
doaj +1 more source
The Influence of the Digital Economy on the Development of the Leasing Operations
Informaciâ i Innovacii, 2020 In this article the specific features of the started digitalization of the leasing operations and the restraining reasons of the digitalization in this market are considered, the directions of the using of the digital technologies in the large leasing ...
A. B. Bass
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Greening Monetary Policy [PDF]
SSRN Electronic Journal, 2018 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. The paper develops a method to tilt the European Central Bank’s (ECB) asset and collateral framework towards low-carbon assets ...
Dirk Schoenmaker +2 more
openaire +7 more sources