Results 121 to 130 of about 4,978,985 (195)

The Eurosystem operational framework, use of colleteral and liquidity distribution in the euro area: towards a single interbank market?

open access: yesPSL Quarterly Review, 2004
This paper analyses the current operational framework chosen to implement singlemonetary policy in the euro area, pointing out the effects of certain technical choices in the field of monetary policy instruments on the interbank market and bank ...
Gianfranco A. Vento
doaj  

The effectiveness of monetary policy [PDF]

open access: yes
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  

Estimating the Bank of Japan's monetary policy reaction function

open access: yesPSL Quarterly Review, 2004
Extending the Taylor rule and applying the VAR model, the author finds that the overnight call rate reacts positively to a shock to the inflation gap, the output gap, yen depreciation, stock prices, or the lagged overnight call rate.
Yu Hsing
doaj  

Maintaining Low Inflation: Money, Interest Rates, and Policy Stance [PDF]

open access: yes
This paper examines the usefulness of considering monetary aggregates when assessing monetary policy stance, and contrasts monetary analysis to the current mainstream monetary policy analysis.
Samuel Reynard
core  

Does central bank independence reflect monetary commitment properly? Methodical considerations

open access: yesPSL Quarterly Review, 2001
Central bank independence (CBI) has attracted much attention in economics and politics in recent years. The concept is based on the political economy literature onmonetary policy.
Andreas Freytag
doaj  

The role of interest rates in Federal Reserve policymaking [PDF]

open access: yes
Monetary policy - United States ; Interest rates ; Monetary ...
Benjamin M. Friedman
core  

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