WORKING PAPER SERIES NO 898 / MAY 2008: CENTRAL BANK COMMUNICATION AND MONETARY POLICY A SURVEY OF THEORY AND EVIDENCE doc
WORKING PAPER SERIES NO 898 / MAY 2008: CENTRAL BANK COMMUNICATION AND MONETARY POLICY A SURVEY OF THEORY AND EVIDENCE doc
... doing so are described by Mishkin (2004) and Cukierman (2008). Working PaPer SerieS no 898 / May 2008 Central Bank CoMMuniCation and Monetary PoliCy a Survey of theory and evidenCe by Alan S. ... Blinder, Michael Ehrmann, Marcel Fratzscher, Jakob De Haan and David-Jan Jansen 19 ECB Working Paper Series No 898 May 2008 learn about the “...
Ngày tải lên: 15/03/2014, 10:20
Working PaPer SerieS no 967 / november 2008: Central bank miSPerCePtions and the role of money in interest rate rules pptx
... information value of monetary aggregates? Since we treat actual output and inflation as observable variables, monetary aggregates have no additional information value. The estimate of potential output, ... Svensson and Woodford (2003) and Wieland (2006) is obtained by means of the Kalman filter from past observations of output and inflation. Monetary aggregates provide n...
Ngày tải lên: 29/03/2014, 13:20
WORKING PAPER SERIES NO 1332 / APRIL 2011: CENTRAL BANK COMMUNICATION ON FINANCIAL STABILITY docx
... Bank of England, the Swedish Riksbank, and Norges Bank (Norway’s central bank) , all of which started publication in 199 6/1 997. It is probably not a coincidence that these three central banks are ... WORKING PAPER SERIES NO 1332 / APRIL 2011 by Benjamin Born, Michael Ehrmann and Marcel Fratzscher CENTRAL BANK COMMUNICATION ON FINANCIAL STABILITY 1...
Ngày tải lên: 15/03/2014, 10:20
WORKING PAPER SERIES NO 868 / FEBRUARY 2008: PURDAH ON THE RATIONALE FOR CENTRAL BANK SILENCE AROUND POLICY MEETINGS pptx
... (2004). Central Bank Talk: Does it Matter and Why? In: Macroeconomics, Monetary Policy, and Financial Stability. Ottawa: Bank of Canada. Mishkin, F.S. (2004). Can Central Bank Transparency Go ... of the American Economic Association, San Diego, California, January 3, 2004, available at www.federalreserve.govboarddocs/speeches/200 4/2 00401032/default.htm. Bernanke,...
Ngày tải lên: 06/03/2014, 09:22
WORKING PAPER SERIES NO 748 / MAY 2007: FINANCIAL DOLLARIZATION THE ROLE OF BANKS AND INTEREST RATES docx
... loan market shares. 15 ECB Working Paper Series No 748 May 2007 Banks start with an amount of funds (F ), comprised of the banks’ capital and its foreign liabilities, of which some are denominated ... 081005 WORKING PAPER SERIES NO 748 / MAY 2007 FINANCIAL DOLLARIZATION THE ROLE OF BANKS AND INTEREST RATES by Henrique S. Basso, Oscar Calvo-Gonzalez and M...
Ngày tải lên: 22/03/2014, 23:20
WORKING PAPER SERIES NO 756 / MAY 2007: MAINTAINING LOW INFLATION MONEY, INTEREST RATES, AND POLICY STANCE docx
... Bureau of Labor Statistics. Euro area data are from the European Central Bank and Eurostat. Swiss data are from the Swiss National Bank and the Swiss Federal Statistical Office. 16 ECB Working Paper ... euro area, and 1975Q1-2005Q4 for Switzerland. US data are from the Federal Reserve Bank of St. Louis FRED database and are released by the Federal Reserve Board, the Bure...
Ngày tải lên: 22/03/2014, 23:20
Working PaPer SerieS no 1150 / January 2010: Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area doc
... Paper Series No 1150 January 2010 Working PaPer SerieS no 1150 / January 2010 Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area by Lorenzo Cappiello, Arjan ... " ;Bank capital, bank lending and monetary policy in the euro area", Kredit und Kapital, 4/2 004. [2] Altunbas, Y., Gambacorta, L. and Mar...
Ngày tải lên: 15/03/2014, 10:20
WORKING PAPER SERIES NO 1457 / AUGUST 2012: EXCESSIVE BANK RISK TAKING AND MONETARY POLICY pptx
... Taylor (2009), Allen, Babus and Carletti (2009), Adrian and Shin (201 0a) , Diamond and Rajan (2009) and Kannan, Rabanal and Scott (2009). 5 That is to say, banks do not choose a risk profile, nor ... Acharya, Viral V., and Hassan Naqvi, forthcoming, The seeds of a crisis, Journal of Financial Economics. [2] Acharya, Viral V., Hamid Mehran and Anjan Thakor, 2010, Caught b...
Ngày tải lên: 22/03/2014, 21:20
WORKING PAPER SERIES NO 804 / AUGUST 2007 GROWTH ACCOUNTING FOR THE EURO AREA A STRUCTURAL APPROACH pptx
... example, the lack of accurate measures of euro area capital and labour quality for a prolonged period of time implies that available estimates of TFP would also capture changes in factor quality. Nevertheless, ... area wide data are drawn from of cial sources such as Eurostat or the European Commission. Historical data for euro area-wide aggregates were largely taken from the Are...
Ngày tải lên: 29/03/2014, 20:20
WORKING PAPER SERIES NO 1350 / JUNE 2011: THE OPTIMAL WIDTH OF THE CENTRAL BANK STANDING FACILITIES CORRIDOR AND BANKS’ DAY-TO-DAY LIQUIDITY MANAGEMENT pdf
... lenders and borrowers to negotiate a rate that is mutually more favorable than the rates available at the Bank of Canada. Thus, the rate spread at the central bank would encourage the participants ... standing facilities spread, central bank intermediation, as well as period and calendar effects. We use daily data on interbank turnover available from the central banks’ webs...
Ngày tải lên: 29/03/2014, 13:20