liquidity asset prices and monetary policy

Federal Reserve Bank of New York Staff Reports: Bank Liquidity, Interbank Markets, and Monetary Policy pptx

Ngày tải lên : 29/03/2014, 13:20

... Carletti and Douglas Gale (2008) “Interbank Market Liquidity and Central Bank Intervention,” working paper [3] Allen, Franklin and Douglas Gale (2004) “Financial Fragility, Liquidity, and Asset Prices, ” ... Armstrong, and Co., New York) [6] Bhattacharya, Sudipto and Douglas Gale (1987) “Preference Shocks, Liquidity and Central Bank Policy, ” in W Barnett and K Singleton (eds.), New Approaches to Monetary ... Santos and Jose Scheinkman (2008) “Inside and Outside Liquidity, ” working paper [8] Cooper, R and T W Ross (1998) “Bank Runs: Liquidity Costs and Investments Distortions,” Journal of Monetary...

39
443
0

Tài liệu Higher economic growth through macroeconomic policy coordination? The combination of wage policy and monetary policy docx

Ngày tải lên : 20/02/2014, 20:20

... combination of wage policy and monetary policy coordination In the case of the United States, it is hard to see any evidence of ex ante policy coordination at all In the Netherlands and in Ireland, a consensual ... coordination between wage policy and monetary policy usually did not exist The conditions prevailing in the monetary union also suggest that an ex ante coordination of monetary policy and wage setting ... employment gains is reached Wage Moderation Policy with Coordination with Monetary Policy The second scenario assumes that German wage policy and ECB monetary policy are coordinated German social partners...

31
505
0

Interest on Reserves and Monetary Policy doc

Ngày tải lên : 06/03/2014, 02:21

... the role and management of broad liquidity in the economy For instance, Aiyagari and McGrattan (1998), Heaton and Lucas (1996), and Holmstrom and Tirole (1998) analyze broad liquidity and consider ... supply Reserve demand Interest on reserves Reserves This opens an important new possibility for monetary policy: separate interest rate and bank reserves channels of monetary policy transmission ... otherwise Interest on Reserves and Monetary Policy This unorthodox way of viewing monetary policy operating procedures is entirely consistent with conventional monetary theory The change of perspective,...

8
408
0

The Economic Outlook and Monetary Policy docx

Ngày tải lên : 08/03/2014, 08:20

... affordability the result of lower house prices and record-low mortgage rates should boost the demand for housing However, the overhang of foreclosed-upon and vacant housing and the difficulties of many ... Inflation would be higher and probably more volatile under such a policy, undermining confidence and the ability of firms and households to make longerterm plans, while squandering the Fed’s hard-won ... recovery and price stability I will also discuss some additional policy options that we could consider, especially if the economic outlook were to deteriorate further Federal Reserve Policy In 2008 and...

20
335
0

WORKING PAPER SERIES NO 898 / MAY 2008: CENTRAL BANK COMMUNICATION AND MONETARY POLICY A SURVEY OF THEORY AND EVIDENCE doc

Ngày tải lên : 15/03/2014, 10:20

... and Hyun Song Shin 2002 “Communication and Monetary Policy. ” Oxford Review of Economic Policy, 18(4): 495-503 Andersson, Malin, Hans Dillén, and Peter Sellin 2006 Monetary Policy Signaling and ... monetary policy: their overall objectives and strategy, the motives behind a particular policy decision, the economic outlook, and future monetary policy decisions Central banks’ objectives and ... Narrative and Money Market Indicators of Monetary Policy. ” Economic Inquiry, 33(1): 24-44 Brand, Claus, Daniel Buncic, and Jarkko Turunen 2006 “The Impact of ECB Monetary Policy Decisions and Communication...

57
1.2K
0

Working PaPer SerieS no 1075 / July 2009: Bank riSk anD MoneTary PoliCy ppt

Ngày tải lên : 15/03/2014, 10:20

... risk and monetary policy effects, a reverse relationship may also hold Namely, monetary policy may affect the risk-taking behaviour of banks and other financial intermediaries via asset prices and ... of money and credit” by D Gerdesmeier, H.-E Reimers and B Roffia, July 2009 1069 “Housing finance and monetary policy by A Calza, T Monacelli and L Stracca, July 2009 1070 Monetary policy committees: ... and P Matos, July 2009 1067 “The dynamic effects of shocks to wages and prices in the United States and the euro area” by R Duarte and C R Marques, July 2009 1068 Asset price misalignments and...

31
611
0

WORKING PAPER SERIES NO 1457 / AUGUST 2012: EXCESSIVE BANK RISK TAKING AND MONETARY POLICY pptx

Ngày tải lên : 22/03/2014, 21:20

... trades off bank risk and credit supply, and show that monetary policy affects both sides of this trade-off Hence, regulation cannot neutralize the policy rate’s impact, and monetary policy matters ... should monetary policy "lean against the wind"? Can’t bank regulation perform its task alone? We model banks that choose both asset volatility and leverage, and identify how monetary policy transmits ... DNB This paper has previously circulated as Monetary Policy and Excessive Bank Risk Taking” and “Leverage, Bank Risk Taking and the Role of Monetary Policy Itai Agur at IMF (Singapore Regional...

34
817
0

Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute - Ultra Easy Monetary Policy and the Law of Unintended Consequences* pptx

Ngày tải lên : 22/03/2014, 23:20

... through which monetary policy is said to work is through higher prices for assets, in particular houses and equities. In effect, higher prices are said to add to wealth and this in ... Adrian T and Shin HS.(2008a) “ Liquidity and Financial Cycles” – BIS Working Paper 256, Basel, July Adrian T and Shin H.S(2008b) “Financial Intermediaries, Financial Stability and Monetary Policy Federal ... Borio C.E.V and White W.R(2003) “Whither Monetary and Financial Stability : the Implications of Evolving Policy Regimes?” – Presentation at the Symposium Monetary Policy and Uncertainty: Adapting ...

45
478
0

Bank credit, asset prices and financial stability: Evidence from French banks pot

Ngày tải lên : 29/03/2014, 08:20

... Borio, C., and P Lowe, 2002, Asset prices, financial and monetary stability: exploring the nexus”, BIS Working Papers n°114, July Caporale, G., and N Spagnolo, 2003, Asset prices and Output ... some policy implications 5 II ASSET PRICES AND BANK BALANCE SHEETS: RELATED LITERATURE The literature has highlighted several channels through which asset prices impact the financial cycle and ... income stream As the asset price increases, so the value of the collateral and the borrowers’ creditworthiness Credit expansion then fuels the demand for assets and pushes asset prices up, creating...

40
427
0

Thuyết trình Exchange Rate pass-through and monetary policy in Croatia

Ngày tải lên : 10/04/2014, 13:10

... EXCHANGE RATE PASS - THROUGH AND MONETARY POLIICY IN CROATIA GIỚI THIỆU TỔNG QUAN LÝ THUYẾT VẤN ĐỀ DỮ LIỆU PHÂN TÍCH THỰC NGHIỆM ... dẫn khơng hồn tồn Ví dụ như: TỔNG QUAN LÝ THUYẾT  Nghiên cứu Goldberg Knetter, 1997, “GOODS PRICES AND EXCHANGE RATES – WHAT HAVE WE LEARN?”  Khảo sát lý thuyết hiệu ứng truyền dẫn tỷ giá với ... ứng truyền dẫn khơng hồn tồn? Tổng quan nghiên cứu trước  Dornbusch , 1987, “Exchange Rates and Prices  Dựa giả thuyết: Đồng Đô la Mỹ đánh giá cao, ngắn hạn lương số lượng DN không đổi, tác...

45
443
0

towards a just monetary system a discussion of money, banking and monetary policy in the light of islamic teachings

Ngày tải lên : 31/05/2014, 01:31

146
407
0

central banking, asset prices, and financial fragility what role for a central bank

Ngày tải lên : 03/06/2014, 00:59

469
228
0

inflation dynamics and monetary policy in vietnam

Ngày tải lên : 12/07/2014, 12:01

... monetary policy 31 Thank Th k you 32 Comments on “Inflation Dynamics and Monetary Policy in Vietnam” Some comments on: Rina Bhattacharya and Nombulelo Duma (2012) “Inflation Dynamics and Monetary Policy ... loose monetary policy; high commodity prices h bl h high fl l key The problem with h h inflation raises several k issues  Macroeconomic management;  Monetary policy goals;  Monetary policy ... 2008  Due in large part to rising international commodity prices and excess domestic demand  Once domestic demand and commodity p y prices weakened, , inflation dropped to 2.5 percent in mid...

56
2.8K
1