Research " Monetary Policy , the Banking System, and Short -term Money Instrusments " pot

... rather than i. Moreover, it is the long-term i r and not the short- term i r that is viewed as having the major impact on C and I spending expansionary monetary policy P e , π e , ... Channel Monetary policy can affect firms’ balance sheets in several ways. For example, expansionary monetary policy, ↑ P e and ↑ the NW of firms and so leads to an...

Ngày tải lên: 05/01/2014, 17:01

... for both the standard and the modified models. For each of the specifications, the coefficient on the unemployment gap and standard errors are reported. Additionally, for the duration model, the value ... jobs and therefore, affect prices. In regards to unions, to the extent that negotiations are based on the wage aspirations of the employed or the short- term unemploy...

Ngày tải lên: 24/10/2012, 09:11

... rate for Denmark, Switzerland, Spain, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway and the UK, a three- month Treasury bill rate for Belgium, Sweden and the US, and a three-month ... restrictions on the cointegrating vector. For an individual country n, n = 1, … , N, the reduced form of the VAR thus can be written as tntnnntn YLAY ,, , )(...

Ngày tải lên: 24/10/2012, 09:40

... maturity. The economic reasoning is that the more years until a bond matures, the more years the buyer of the bond will potentially be receiving a below-market coupon rate, and, therefore, the lower the ... bond, the bond’s face value, and the yield to maturity. 3.5 Write an expression showing the relationship among the amount borrowed on a fixed-pay- ment loan, the...

Ngày tải lên: 18/08/2013, 19:46

... or the other). © 2013 Pearson Education, Inc. All rights reserved. 16-18 Figure 2 Linkages Between Central Bank Tools, Policy Instruments, Intermediate Targets, and Goals of Monetary Policy © ... Be the Primary Goal of Monetary Policy? • Hierarchical Versus Dual Mandates: – hierarchical mandates put the goal of price stability first, and then say that as long as it i...

Ngày tải lên: 15/11/2013, 20:27

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Ngày tải lên: 18/02/2014, 11:20

... cover the whole country, coverage is restricted, 18 Minimum wages in various forms exist in Belgium, France, Germany, Greece, Ireland, Luxembourg, the Netherlands, Portugal, Spain and the ... between monetary policy and wage policy, the role of the ECB in such a process is of great importance. In the next step, we will look at the conditions for wage policy....

Ngày tải lên: 20/02/2014, 20:20

... Antulio Bomfim, Mike Fleming, Jim Moser, and Vance Roley for their comments, and to Mike Anderson for excellent research assistance. The views expressed here are soley those of the author, and not ... Journal, December 1 9, A2. Wessel, David. 1994. Short- Term Rates Raised Another Half Point by Fed. Wall Street Journal, May 1 8, A2. 22 Monetary Policy Surprises and Int...

Ngày tải lên: 06/03/2014, 02:21

... situation, since within the European Union prudential monitoring is the responsibility of the central bank only in six countries, namely Italy, Spain, the Netherlands, Portugal, Ireland and Greece. ... Greece. However, in four of the six other member states (Germany, France, Austria and Finland) the central bank does have to play an important role, either by providing the ch...

Ngày tải lên: 24/10/2012, 09:11