Results 11 to 20 of about 4,736,729 (247)
UNCONVENTIONAL MONETARY POLICY [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2015 Central banks in advanced economies have deployed a variety of unconventional policies during the crisis. It can be seen that the central banks have been mostly successful at achieving their objectives and that spillover to other countries have—thus ...
DIACONESCU DIANA RALUCA +1 more
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Unconventional monetary policy and the ‘currency wars’ [PDF]
Finance Research Letters, 2018 Abstract Employing a panel of exchange rates and a difference-in-difference methodology, we find that unconventional monetary policy (UMP) resulted in an increase in exchange rate volatility and weaker exchange rates in UMP-adopter countries relative to others.
Thornton J., Di Tommaso C.
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Unconventional monetary policy and money demand [PDF]
Journal of Macroeconomics, 2014 This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. Our empirical evidence shows the existence of stable long run money demand functions even in the period of interest rates near the zero bound, both for the US economy and the euro area.
Christian Dreger, Jürgen Wolters
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Unconventional Monetary Policy [PDF]
SSRN Electronic Journal, 2021 Abstract This chapter introduces the reader to unconventional monetary policy, i.e. monetary policy using instruments going beyond the steering of short-term interest rates as described in the previous chapter. We start by providing the rationale of unconventional monetary policy, i.e. essentially pursuing an effective monetary policy
Ulrich Bindseil, Alessio Fotia
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Unconventional Monetary Policies: An Appraisal [PDF]
SSRN Electronic Journal, 2009 This paper sets out a framework for classifying and thinking about unconventional monetary policies, highlighting how they can be viewed within the overall context of monetary policy implementation. The framework clarifies the differences among the various forms of unconventional monetary policy, provides a systematic characterization of the wide range
Claudio Borio, Piti Disyatat
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Conventional and Unconventional Monetary Policy [PDF]
SSRN Electronic Journal, 2009 We extend a standard New Keynesian model to incorporate heterogeneity in spending opportunities and two sources of (potentially time-varying) credit spreads, and to allow a role for the central bank's balance sheet in equilibrium determination. We use the model to investigate the implications of imperfect financial intermediation for familiar monetary ...
Cúrdia, Vasco, Woodford, Michael
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Unconventional Monetary Policies and Expectations on Economic Variables [PDF]
SSRN Electronic Journal, 2021 We investigate whether forward guidance and large scale asset purchases are effective in steering economic expectations in the USA. Using the series of monetary policy shocks recovered in Swanson (J Monet Econ 118:32-53, 2021), local projections, and an algorithm to select the best empirical model, we show that unconventional monetary policies are ...
Alessio Anzuini, Luca Rossi
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Social Sciences, 2022 In response to the “Great Recession and Global Financial Crisis”, central banks had to deploy unconventional monetary policies (UMP) in order to fight the severe impact of the crisis.
Lindokuhle Talent Zungu +1 more
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THE RELATION BETWEEN INNOVATIVE POLICY INSTRUMENTS AND SMES RESILIENCE: CONCEPTUAL ANALYSIS [PDF]
Eastern European Journal of Regional Studies, 2022 In recent years, we have been witnessing a succession of economic, financial and health crises on a global scale, the most recent being the 2020 COVID-19 health crisis.
Adil MSADY +3 more
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Communication of Monetary Policy in Unconventional Times [PDF]
SSRN Electronic Journal, 2017 Monetary policy communication is particularly important during unconventional times, because high uncertainty about the economy, the introduction of new policy tools and possible limits to the central bank’s toolkit could hamper the predictability of policy actions.
Coenen, Günter +7 more
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