Narrow Search
Last searches

Results for *

Displaying results 76 to 84 of 84.

  1. Quantitative easing and the loan to collateral value ratio
    Published: 2014
    Publisher:  Centre for Dynamic Macroeconomic Analysis, St. Andrews

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Centre for Dynamic Macroeconomic Analysis ; 1405
    Subjects: optimal monetary policy; zero lower bound; quantitative easing; money multiplier; loan value ratio; collateral constraint; house prices
    Scope: Online-Ressource (40 S.), graph. Darst.
  2. Optimal monetary responses to oil discoveries
    Published: 2014
    Publisher:  Centre for Applied Macroeconomic Analysis, The Australian National Univ., Canberra

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2014,37
    Subjects: Geldpolitik; Erdölvorkommen; Ölpreis; Taylor-Regel; Rohstoffreichtum; Informationsverbreitung; Kleine offene Volkswirtschaft; Theorie; Natural resources; oil; optimal monetary policy; small open economy; news shock
    Scope: Online-Ressource (61 S.)
  3. Smoothed interest rate setting by central banks and staggered loan contracts
    Published: 2013
    Publisher:  Centre for Applied Macroeconomic Analysis, The Australian National Univ., Canberra

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2013,45
    Subjects: Zinspolitik; Geldpolitische Transmission; Wirkungsanalyse; Wirtschaftswachstum; Neoklassische Synthese; Theorie; Staggered loan interest rate; economic fluctuation; optimal monetary policy
    Scope: Online-Ressource (58 S.)
  4. Optimal macroprudential policy
    Published: 2013
    Publisher:  Centre for Applied Macroeconomic Analysis, The Australian National Univ., Canberra

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2013,51
    Subjects: Finanzmarktaufsicht; Finanzkrise; Geldpolitik; Neoklassische Synthese; Theorie; Optimal macroprudential policy; optimal monetary policy; Financial market friction
    Scope: Online-Ressource (34 S.)
  5. Optimal monetary policy responses and welfare analysis within the highfrequency New-Keynesian framework
    Published: 2014
    Publisher:  Univ., Dep. of Economics, Kiel

    In this we investigate the welfare effects of optimal monetary policy measurements within a high-frequency New-Keynesian model i.e. under variation of the period length. Our results indicate that the policy maker faces a higher welfare loss on a... more

    Universitätsbibliothek Kiel, Zentralbibliothek
    EZ 180
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 1 (2014,3)
    No inter-library loan

     

    In this we investigate the welfare effects of optimal monetary policy measurements within a high-frequency New-Keynesian model i.e. under variation of the period length. Our results indicate that the policy maker faces a higher welfare loss on a higher relative to a lower frequency of the agents’ decision making. While overall inertia in the model increases, we show that the more the pass-through of output gap movements into inflation rate dynamics is dampened on a higher frequency, this amplifies the trade-off of the central bank in case of a cost-push shock. This is caused by the impact of so-called frequency-dependent persistence effects, which mimic the impact of the increase in the amount of market days on the dynamics of the model. This result is less severe in the optimal monetary policy regime under Commitment because of a time-invariant history dependence effect with respect to the period length.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/90810
    Series: Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics ; 2014-03
    Subjects: Hybrid New-Keynesian model; high-frequency modelling; optimal monetary policy; frequency-dependent persistence
    Scope: Online-Ressource (33 S.), graph. Darst.
  6. Inflation targeting versus nominal income targeting
    Published: 2000
    Publisher:  CESifo, München

    In this paper we analyze flexible inflation targeting and nominal income targeting as two different monetary strategies in a simple dynamic macromodel. Furthermore we analyze inflation targeting in a two-period time-lag version of the model. The key... more

    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (301)
    No inter-library loan
    Universitätsbibliothek Osnabrück
    No inter-library loan

     

    In this paper we analyze flexible inflation targeting and nominal income targeting as two different monetary strategies in a simple dynamic macromodel. Furthermore we analyze inflation targeting in a two-period time-lag version of the model. The key results of our paper are: First, for both targeting regimes optimal monetary policy response leads to a shock-dependent feedback rule. Second, a demand shock is completely offset by both monetary strategies. Third, in case of a supply shock there is a significant difference between the two different targeting regimes. Under inflation targeting the policy makers face a trade-off between inflation and output stabilization. This trade-off depends on the weight F the policy makers attached to output stabilization relative to inflation stabilization in the loss function. In contrast, under nominal income targeting policy makers face a constant trade-off between inflation and real output growth: An increase in inflation leads to a fall in real output growth by an equal amount. Finally we analyze inflation targeting in a two-period time-lag version of the model. The qualitative results about the trade-off between inflation and output growth remain the same as in the basic model without time lag.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/75684
    Series: CESifo Working Paper ; 301
    Subjects: inflation targeting; nominal income targeting; optimal monetary policy
    Scope: Online-Ressource (18 S.)
  7. Heterogeneous expectations, optimal monetary policy, and the merit of policy inertia
    Published: 2013
    Publisher:  Centre for Dynamic Macroeconomic Analysis, St. Andrews

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Centre for Dynamic Macroeconomic Analysis ; 1308
    Subjects: Heterogeneous expectations; optimal monetary policy; policy inertia
    Scope: Online-Ressource (33 S.), graph. Darst.
  8. Liquidity traps, capital flows
    Published: December 17, 2015
    Publisher:  [Départment de Sciences Économiques, Université de Montréal], [Montréal]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 33 (2015,9)
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 1866/12959
    Series: Cahier de recherche / Département de Sciences Économiques, Université de Montréal ; [2015-09]
    Subjects: capital flows; international spillovers; liquidity traps; uncovered interest parity; capital flow management; policy coordination; optimal monetary policy
    Scope: 1 Online-Ressource (59 Seiten), Illustrationen
  9. Risk shocks close to the zero lower bound
    Published: August 2016
    Publisher:  Bank of England, [London]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 606
    Subjects: Risk shocks; uncertainty; zero lower bound on interest rates; optimal monetary policy
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen