Results 31 to 40 of about 4,978,985 (195)
Choosing the European fiscal rule
Baltic Journal of EconomicsIn order to quantitatively assess the potential effects from the ongoing transformation of the fiscal framework of the European Union, we evaluate the economic and public finance stabilization properties of two benchmark fiscal rules using a New ...
Ginters Bušs +2 more
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Deconstructing Monetary Policy Surprises: The Role of Information Shocks
American Economic Journal: Macroeconomics, 2018 Central bank announcements simultaneously convey information about monetary policy and the central bank's assessment of the economic outlook. This paper disentangles these two components and studies their effect on the economy using a structural vector ...
Marek Jarociński, P. Karadi
semanticscholar +1 more source
Regime changes in monetary policy and the Expectation Hypothesis of the term structure in Turkey
Journal of Business Economics and Management, 2012 In this study we test the long-run validity of the Expectation Hypothesis of the Term Structure (EHTS) in Turkey by using monthly interest rate series from 2003m1 to 2010m1.
K. Azim Özdemir, Özgür Özel
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Measuring Euro Area Monetary Policy
Journal of Monetary Economics, 2019 We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the ...
Carlo Altavilla +4 more
semanticscholar +1 more source
The effects of minimum wage increases on the macro economy, income distribution, and informal wages
Baltic Journal of EconomicsThis paper examines how changes in the minimum wage influence an economy with a substantial informal sector. To achieve this, we simulate the recent minimum wage increase in Latvia, providing a comprehensive assessment of its macroeconomic, sectoral, and
Konstantīns Beņkovskis +3 more
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Inflation targeting as a monetary policy rule [PDF]
, 1998 The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation ...
Svensson, Lars E. O.
core +6 more sources
Modern Features of the Monetary Policy of the Leading World Countries [PDF]
Prostranstvennaâ Èkonomika, 2019 The global crisis of 2007–2009 exposed the problems of the financial system, arising from the rapid development of derivative financial instruments and the increase in transnational capital flows.
Elena Yuryevna Sokolova
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Monetary Policy According to HANK
Social Science Research Network, 2016 We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to consume because ...
Greg Kaplan, Benjamin Moll, G. Violante
semanticscholar +1 more source
Bank loan maturity and corporate investment
Central Bank ReviewThis study analyzes bank loan maturity and corporate investment linkage by using novel firm-level data covering the universe of all incorporated firms in Türkiye over the last decade. The results of the panel regression model with multi-dimensional fixed
İbrahim Yarba, Burak Deniz
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The ECB’s Fight against Low Inflation: On the Effects of Ultra-Low Interest Rates §
International Journal of Financial Studies, 2017 Starting in June 2014, the European Central Bank (ECB) stepped up its monetary accommodation in order to counter a too prolonged period of low inflation in the euro area.
Ad van Riet
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