Results 11 to 20 of about 1,040,660 (361)

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 policy.
Marcela M. Williams   +2 more
openaire   +8 more sources

Credit growth and current account balance

open access: yesCentral Bank Review, 2023
In this paper, we investigate the relationship between different loan types and the current account balance along with its sub-components. Our empirical results suggest that a rise in total loans inevitably leads to a deterioration in the current account
Aysu Çelgin, Okan Eren, Pınar Özlü
doaj   +1 more source

Sales and Monetary Policy [PDF]

open access: yesAmerican Economic Review, 2011
A striking fact about pricing is the prevalence of “sales”: large temporary price cuts followed by prices returning to exactly their former levels. This paper builds a macroeconomic model with a rationale for sales based on firms facing customers with different price sensitivities. Even if firms can adjust sales without cost, monetary policy has large
Bernardo Guimaraes, Kevin D. Sheedy
openaire   +5 more sources

Assessing the spillover effects of U.S. monetary policy normalization on Nigeria sovereign bond yield

open access: yesFinancial Innovation, 2019
This study examines the spillover effects of U.S. monetary policy normalization on Nigeria 10-Year Treasury bond yield between 2011 and 2017, using the vector error correction model approach.
Kpughur Moses Tule   +5 more
doaj   +1 more source

Exchange rate pass-through into inflation in Vietnam: evidence from VAR model [PDF]

open access: yesJournal of Economics and Development, 2019
Purpose – The purpose of this paper is to examine and analyze the exchange rate pass-through into inflation (ERPT) in Vietnam. Design/methodology/approach – The paper examines and analyzes the ERPT in Vietnam by applying vector autoregression model over ...
Van Anh Pham
doaj   +1 more source

Impacts of the monetary policy on the exchange rate: case study of Vietnam [PDF]

open access: yesJournal of Asian Business and Economic Studies, 2019
Purpose – The purpose of this paper is to evaluate and analyze impacts of the monetary policy (MP) – money aggregate and interest rate – on the exchange rate in Vietnam.
Van Anh Pham
doaj   +1 more source

Economic policy uncertainty and the ECOWAS exchange rate mechanism

open access: yesScientific African, 2023
This study examines the nexus between economic policy uncertainty and real exchange rates of ECOWAS countries to observe the countries’ responses to external shocks and explore the potential success of exchange rate mechanism (ERM) in the West African ...
Sikiru A. Abdulsalam, Samuel F. Onipede
doaj   +1 more source

Import Content of Turkish Production and Exports: A sectoral analysis11 The views expressed in this paper are only those of the authors and should not be interpreted as reflecting the views of the Central Bank of the Republic of Turkey or its staff.

open access: yesCentral Bank Review, 2020
This study investigates the evolution of the import content of production and exports in Turkey for the 2002–2018 period. Based on 2002 and 2012 input-output tables and a large data set of production and foreign trade, we estimate the production and ...
Yasemin Erduman, Okan Eren, Selçuk Gül
doaj   +1 more source

Forward-looking component in consumers’expectations and inflation forecast targeting: the case of six European economies [PDF]

open access: yesZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2019
Since there are different ways of revealing central banks’ intentions, a simple research question, which we address in this study, arises. Is the forward-looking (FL) component of consumers’ expectations related to the way in which the forecast is ...
Magdalena Szyszko , Aleksandra Rutkowska
doaj   +1 more source

Does the inverted U-shape between corporate indebtedness and investment hold up for emerging markets? Evidence from Türkiye

open access: yesBorsa Istanbul Review, 2023
While corporate indebtedness has increased substantially in emerging countries over the last decade, the literature on the negative consequences of this large build-up of debt on real consequences is very limited.
İbrahim Yarba
doaj   +1 more source

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