The Swiss National Bank's monetary policy concept - an example of a 'principles-based' policy framework [PDF]
The practice of monetary policy has evolved a great deal since the early 1990s. This evolution was significantly influenced by rapid developments in the theory of monetary policy.
Ernst Baltensperger +2 more
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Monetary and Fiscal Policy Efficiency and Coordination in an Open-Economy General Equilibrium Model with Three Production Sectors. [PDF]
The paper analyzes monetary and fiscal policy efficiency and coordination in a stochastic new open economy macroeconomics (NOEM) model with three production sectors.
Gilbert Koenig, Irem Zeyneloglu
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Volatile Interest Rates, Volatile Crime Rates: A new argument for interest-rate smoothing [PDF]
, 2004 Good monetary policy requires estimates of all of its effects: monetary policy impacts traditional economic variables such as output, unemployment rates, and inflation. But does monetary policy influence crime rates?
Jones, Garett, Kutan, Ali M.
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Inside the Black Box: The Credit Channel of Monetary Policy Transmission
, 1995 B. Bernanke, M. Gertler
semanticscholar +1 more source
Analysis of the risk transmission mechanism of monetary policy in the monetary and financial service sectors from the perspective of asset-liability management. [PDF]
PLoS One, 2023 Ma X, Ji M.
europepmc +1 more source
Structural Distortions and Decentralized Fiscal Policies in EMU [PDF]
The combination of discretionary monetary policy, labor-market distortions and nominal wage rigidity yields an inflation bias as monetary policy tries to exploit nominal wage contracts to address labour-market distortions Although an inflation target ...
Lans Bovenberg, Roel Beetsma
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Investigating the monetary policy risk channel based on the dynamic stochastic general equilibrium model: Empirical evidence from Iran. [PDF]
PLoS One, 2023 Peykani P +3 more
europepmc +1 more source
Interest rate policy or monetary base policy : implications for a central bank’s balance sheet [PDF]
The article discusses the relationship between the central bank balance sheet, the monetary base, monetary aggregates and credit in the euro area. In particular, it looks at the choice of the operational procedures available to the central bank, and for ...
Jef Boeckx +2 more
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Investigating the relationship between monetary policy, macro-prudential policy and credit risk in Indonesia banking industry. [PDF]
Heliyon, 2023 Anwar CJ +5 more
europepmc +1 more source
Optimal fiscal feedback on debt in an economy with nominal rigidities [PDF]
We examine the impact of different degrees of fiscal feedback on debt in an economy with nominal rigidities where monetary policy is optimal. We look at the extent to which different degrees of fiscal feedback enhance or detract from the ability of the ...
Simon Wren-Lewis, Tatiana Kirsanova
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