Results 231 to 240 of about 4,029 (266)

A model of unconventional monetary policy

Journal of Monetary Economics, 2011
We develop a quantitative monetary DSGE model with financial intermediaries that face endogenously determined balance sheet constraints. We then use the model to evaluate the effects of the central bank using unconventional monetary policy to combat a simulated financial crisis.
Mark Gertler, Peter Karadi
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Unconventional monetary policy: the assessment

Oxford Review of Economic Policy, 2012
The uncon ventional monetary policy measures adopted by the major central banks in the period since 2008 are discussed in this paper. We highlight some important differences between quan- titative easing and conventional monetary policy and then evaluate the mechanisms through which quantitative easing may propagate to financial markets and the real ...
Christopher Bowdler, Amar Radia
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Unconventional Monetary Policy According to HANK

SSRN Electronic Journal, 2022
Eric R. Sims, Jing Cynthia Wu, Ji Zhang
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Unconventional monetary policy and the dollar [PDF]

, 2013
Although the Federal Reserve does not target the dollar, its announcements about monetary policy changes can affect the dollar’s exchange value. Before the 2007-09 financial crisis, the dollar’s value generally fell when the Fed lowered its target for the federal funds rate.
Reuven Glick, Sylvain Leduc
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Differential Effects of Unconventional Monetary Policy

2023
Did the Eurosystem's quantitative easing from 2015 to 2018 have differential effects regarding the bank lending volume to different institutional sectors, industry sectors, or types of loans? To investigate this question, this paper employs linked microdata of the German banking system.
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Unconventional Monetary Policy Rules

2018
Parallel Sessions B: Complexity and Nonlinear ...
Agnello, Luca, Castro, Vitor, Dufrenot, Gilles, Jawadi, Fredj, Sousa, Ricardo M   +4 more
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Unconventional monetary policy

2014
In this work, I use data for the US at both quarterly and monthly frequencies and estimate a Bayesian Structural Vector Autoregression (B-SVAR) to assess the macroeconomic impact and the wealth effects of unconventional monetary policy. I show that neither a positive shock to the interest rate spread, nor a positive shock to the central bank s reserves
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The Effectiveness of Unconventional Monetary Policies [PDF]

, 2014
Monetary authorities throughout the world have been responding to the global financial crisis by cutting interest rates to historically low levels and by embarking on a series of unconventional monetary policies, including operations that change the size and composition of their balance sheets and actions that try to guide longer-term interest rate ...
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Effects and risks of unconventional monetary policy

2017
During and after the Great Recession, the European Central Bank adopted unconventional monetary policies that are more or less uncontroversial in the literature. By contrast, its quantitative easing (QE) program that started in 2015 is highly disputed. The article evaluates the pros and cons of such a policy.
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Green bond spread effect of unconventional monetary policy: Evidence from China

Economic Analysis and Policy, 2023
Deng-Kui Si
exaly