Unconventional monetary policy in a small open economy
This paper investigates the effects of unconventional monetary policy in Canada. We use recently proposed methods to construct a shadow interest rate that captures monetary policy at the zero lower bound (ZLB) and estimate a small open economy Bayesian ...
MacDonald, Margaux, Popiel, Michal
core
Macroeconomic forecasting during recessions and expansions in the US and the euro area
Abstract This study systematically evaluates forecasting performance of 11 Dynamic Stochastic General Equilibrium (DSGE) and 2 Bayesian Vector Autoregression (BVAR) models during recessions and expansions in the US and the euro area. Results show that no single model dominates: parsimonious models perform well in stable periods and at short horizons ...
Jan Čapek +2 more
wiley +1 more source
Advancing sustainable aviation by integrating renewable solar energy into unconventional airport spaces using a spherical fuzzy CRITIC-RATGOS approach. [PDF]
Mizrak F, Mizrak KC, Sahin DR.
europepmc +1 more source
Monetary policy implementation: common goals but different practices
While the goals that guide monetary policy in different countries are very similar, central banks diverge in their methods of implementing policy. This study of the policy frameworks of four central banks—the Federal Reserve, the European Central Bank ...
Marlene Amstad, Antoine Martin
core
Fragmentation Risk: What Is It and Should the ECB Care?
ABSTRACT In 2022, the ECB introduced a new policy tool, the Transmission Protection Instrument, to reduce the risk of financial fragmentation in the euro area, following the normalization of monetary policy. This paper aims to clarify what is meant by fragmentation risk, where it comes from, how it affects the real economy and what can be done about it.
Ivo J. M. Arnold
wiley +1 more source
European sovereign debt control through reinforcement learning. [PDF]
Khundadze T, Semmler W.
europepmc +1 more source
Macroeconomic and monetary policy responses in selected highly indebted MENA countries post Covid 19: A structural VAR approach. [PDF]
Neaime S, Gaysset I.
europepmc +1 more source
Divergent impacts of quantity versus price-based monetary policies on banking systemic risk: Evidence from China. [PDF]
Mo Y, Sun W, Ding Y, Wang L.
europepmc +1 more source

