Results 31 to 40 of about 46,625 (259)
Oil price shock in the US and the euro area – evidence from the shadow rate and the term premium
The aim of this article is to investigate the consequences of oil price changes for the economy of the US and the euro area. Oil price transmission channel is assessed using Granger causalities and structural vector autoregressive (VAR) specifications ...
Pažický Martin
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Perils of unconventional monetary policy [PDF]
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Michael McMahon +2 more
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The Bank of Japan (BoJ) conducts an unconventional monetary policy that includes exchange-traded fund (ETF) purchases, which can be expected to affect aggregate equity indices.
Kentaro Koyama
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Macroepidemics and unconventional monetary policy
Although the current covid-19 pandemic was neither the first nor the last disease to threaten a pandemic, only recently have studies incorporated epidemiology into macroeconomic theory. This paper uses a dynamic stochastic general equilibrium (dsge) model with a financial sector to study the economic impacts of epidemics and the potential for ...
Acurio Vásconez, Verónica +2 more
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Soft Budget Constraints, European Central Banking and the Financial Crisis [PDF]
During the European financial crisis, the European Central Bank implemented a series of unconventional monetary policy measures. We argue that these unconventional monetary policy measures created soft budget constraints for the Eurozone countries by ...
Grigoriadis, Theocharis, Jäger, Jannik
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Identifying Unconventional Monetary Policy Shocks [PDF]
This paper proposes a novel method for identifying unconventional monetary policy shocks. The method incorporates the movement of two unconventional monetary policy indicators, namely, the size and composition of the central bank’s balance sheet, after the bank makes policy decisions.
Kiyotaka Nakashima +2 more
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This paper aims to analyze changes in the transmission of monetary policy via bank lending when considering the impact of the COVID-19 pandemic and the financial crisis.
Minh Thanh Loi, Van Dan Dang
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Housing markets and unconventional monetary policy [PDF]
While the role of housing markets in the run up to the recent financial crisis is well documented, we consider how housing markets have since responded to unconventional monetary policy shocks in the form of innovations in total assets and the monetary base.
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OPERATIONS OF THE CENTRAL BANK ON THE FINANCIAL MARKET FOR THE PERIOD OF EXIT FROM THE RECESSION
The global economy is currently facing one of the longest recessions in the past fifty years. The way out of the Great recession requires active measures to stimulate the demand in the economy.
O. Liubkina
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Spillover Effects from the ECB‘s Unconventional Monetary Policies: The Case of Denmark, Norway and Sweden [PDF]
Using event-study techniques we investigate the impact of ECB’s announcements of non-standard policy measures on a broad range of financial assets from Denmark, Norway and Sweden.
Arthur Korus
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