搜索结果: 76-90 共查到“货币银行学 monetary policy”相关记录114条 . 查询时间(0.188 秒)
Monetary Policy under a Corridor Operating Framework
Monetary Policy corridor system works independent monetary policy tool
2011/8/21
The article explores how a corridor system works in theory and practice to achieve the U.S. Federal Reserve's target for the federal funds rate while allowing the balance sheet as an independent monet...
Monetary–Fiscal Policy Interactions under Implementable Monetary Policy Rules
fiscal theory rational expectations Taylor rules
2011/8/21
his paper examines the implications of forward- and backward-looking monetary policy rules in an environment with monetary–fiscal interactions. We find that the unique stationary rational expectations...
Treasury Bond Volatility and Uncertainty about Monetary Policy
macroeconomic factors monetary policy survey data
2011/8/21
We show that dispersion-based uncertainty about the future course of monetary policy is the single most important determinant of Treasury bond volatility across all maturities. The link between Treasu...
Monetary Policy and the Term Structure of Interest Rates in Japan
monetary policy term structure of interest rates VAR with sign restrictions identifi cation.
2011/8/21
This paper uses Japanese data to investigate the relationship between monetary policy and the yield curve. We find that the response of the yield curve depends in an important way on the maintained hy...
US–Euro Area Monetary Policy Interdependence: New Evidence from Taylor Rule-based VECMs
monetary policy interdependence European Central Bank the Federal Reserve vector error correction model
2011/8/21
(1227) Ansgar Belke and Yuhua Cui This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve (Fed) for the period 1999–2006. Two models are...
The importance of output for the monetary policy rules
the policy makers the central banks monetary policy regimes
2011/8/21
We examine the importance of variable output (Gross Domestic Product (GDP) growth rate) on the preferences of the policy makers. We do so by examining the effect of output regimes on the form of monet...
Monetary Policy Roundtable
information Monetary Policy Economic Policy Research financial institutions
2011/8/21
The article offers information on the fourth Monetary Policy Rountable hosted by the Bank of England and the Centre for Economic Policy Research in Great Britain. The events was intended to provide a ...
Are Two Heads Better Than One? Monetary Policy by Committee
monetary policy group decision making
2011/8/21
Two experiments were conducted to test the common hypothesis that groups make decisions more slowly than individuals. One of these experiments imitates real-life monetary policy decisions. In both cas...
Monetary policy and corporate bond yield spreads
Firm characteristics economic conditions policy regimes corporate bond yield spreads
2011/8/21
Firm characteristics, economic conditions and policy regimes are the key determinants that most researchers have used to explain corporate bond yield spreads. In this article, we examine whether monet...
The Case for Forecast Targeting as a Monetary Policy Strategy
inflation-forecast targeting control short-term interest rates monetary policy inflation-forecast targeting
2011/8/21
At central banks around the world, including the Bank of England, Sweden's Riksbank, Norway's Norges Bank, and the Reserve Bank of New Zealand, policy is conducted on the basis of inflation-forecast t...
Measuring the Time Inconsistency of US Monetary Policy
alternative explanation inflation monetary policy asymmetric preferences implicit target
2011/8/21
This paper offers an alternative explanation for the great inflation of the 1970s by measuring a novel source of monetary policy time inconsistency. In the presence of asymmetric preferences, the mone...
Optimal Monetary Policy with an Uncertain Cost Channel
parameter uncertainty min–max cost channel optimal monetary policy Taylor rule.
2011/8/21
The cost channel of monetary transmission describes a supply-side effect of interest rates on firms' costs. Previous research has found this effect to vary, both over time and across countries. Moreov...
Is Monetary Policy Effective during Financial Crises?
monetary policy economic crisis improve economic conditions global financial crisis
2011/8/21
The article discusses the effectiveness of monetary policy during times of economic crisis. The author addresses arguments concerning perceived failures of U.S. monetary policy to improve economic con...
Global Financial Transmission of Monetary Policy Shocks
monetary policy global equity markets macroeconomic determinants transmission process
2011/8/21
The paper analyses the transmission of US monetary policy shocks to global equity markets and the macroeconomic determinants of the underlying transmission process. We show that there is a substantial...
MONETARY POLICY COOPERATION TO SUPPORT ASIAN ECONOMIC INTEGRATION
Regional Economic Integration Monetary Policy Cooperation Exchange Rate Arrangements Sequencing
2011/8/21
This paper considers the form of monetary policy coordination and regional exchange rate arrangement that would best support economic and financial integration in East Asia. In view of the region's ec...