monetary policy in 2002 2006
WORKING PAPER NO. 218 THE ZERO-INTEREST-RATE BOUND AND THE ROLE OF THE EXCHANGE RATE FOR MONETARY POLICY IN JAPAN potx
Ngày tải lên :
22/03/2014, 23:20
... March 2003 Abstract In this paper we study the role of the exchange rate in conducting monetary policy in an economy with near-zero nominal interest rates as experienced in Japan since the mid-1990s ... short-term nominal interest rate is well above zero, the central bank can ease monetary policy by expanding the supply of the monetary base and bringing down the short-term rate of interest Since prices ... that increasing the Marshallian K by one percentage point would be associated with a decline in the shortterm nominal rate of interest of about four percentage points However, increases in the...
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Dual-track interest rates and the conduct of monetary policy in China potx
Ngày tải lên :
29/03/2014, 13:20
... Honglin Wang Dual-track Interest Rates and the Conduct of Monetary Policy in China Dong He and Honglin Wang Dual-track Interest Rates and the Conduct of Monetary Policy in China Tiivistelmä Kiinan ... of Monetary Policy in China Institutional background 2.1 The monetary policy framework in China According to the Law on the People’s Bank of China, “the aim of monetary policies shall be to maintain ... Marvin and Prasad , E swar, “A Framework for Independent Monetary Policy in China”, IMF Working Papers (2006) , 06/111, International Monetary Fund Lardy, Nicholas, “Financial Repression in China,”...
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Monetary Policy in the Eurozone: Evaluating the European Central Bank’s interest rate decisions and the needs of member states using a Taylor rule ppt
Ngày tải lên :
29/03/2014, 13:20
... the flaws in the international monetary system.” As the European Central Bank is tasked with not only maintaining price stability, but also “supporting economic growth and preserving financial ... higher inflation rates by boosting aggregate demand 16 Since these differentials “cannot be affected by monetary policy directly, since there cannot be any regionally oriented monetary policy in ... that either are interested in, or at one point were interested in, becoming a part of the monetary union 57 It should be noted that since the Czech Republic is not yet a part of the monetary union,...
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Thuyết trình Exchange Rate pass-through and monetary policy in Croatia
Ngày tải lên :
10/04/2014, 13:10
... and Import Prices to Domestic Inflation in Some Industrialized Economies” Bài báo nghiên cứu tác động tỷ giá lên giá nhập số giá sản xuất PPI số giá tiêu dùng CPI kinh tế công nghiệp lựa chọn ... Croatia với kinh tế chuyển đổi khác với chỉnh sửa tỷ giá hối đoái tương tự nước cộng hòa Séc, Slovakia, Romania, tất Croatia, với sách tỷ giá “thả có quản lý” đề án phân loại IMF neo linh hoạt Hungary ... phá tương đối nhỏ, chiến tranh Croatia tiếp tục năm 1995 kèm với bất ổn kinh tế rộng lớn siêu lạm phát Ngay sau ổn định kinh tế vĩ mô đạt năm 1994, đô la hóa tiếp tục lan rộng năm 1998, có sụt...
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The Implementation of Monetary Policy in The EURO Area potx
Ngày tải lên :
28/06/2014, 08:20
... establishing the European Community (Treaty) retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the single monetary policy ... important role in the monetary policy of the Eurosystem for the purposes of steering interest rates, managing the liquidity situation in the market and signalling the stance of monetary policy Five ... important role in the Eurosystem’s monetary policy They are used for steering interest rates, managing the liquidity situation in the market and signalling the stance of monetary policy With regard...
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The Implementation of Monetary Policy in The EURO Area doc
Ngày tải lên :
28/06/2014, 22:20
... establishing the European Community (Treaty) retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the single monetary policy ... important role in the monetary policy of the Eurosystem for the purposes of steering interest rates, managing the liquidity situation in the market and signalling the stance of monetary policy Five ... important role in the Eurosystem’s monetary policy They are used for steering interest rates, managing the liquidity situation in the market and signalling the stance of monetary policy With regard...
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inflation dynamics and monetary policy in vietnam
Ngày tải lên :
12/07/2014, 12:01
... standard monetary policy in EMEs g g p g p • Eg, Singapore, HK, Indonesia, in dealing with capital inflows and asset price inflation pressures Comments on “Inflation Dynamics and Monetary Policy in ... nominal: Central nominal: bankers “must act nominal while thinking real” must real (Blinder, 1998) 1998) Comments • Great effort in investigating the transmission mechanism of monetary policy in ... YOU Inflation Dynamics and Monetary Policy in Vietnam Rina Bhattacharya and Nombulelo Duma International Monetary Fund Discussant: Nguyen Do Quoc Tho State Bank of Vietnam Outline 1 Monetary policy...
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Fundamentals of Monetary Policy in the Euro Area
Ngày tải lên :
05/11/2014, 18:59
... contribute to inluencing our future Come and join us in reinventing light every day Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Fundamentals of Monetary Policy in the ... controversies about the road 27 www.sylvania.com We not reinvent the wheel we reinvent light Fascinating lighting offers an ininite spectrum of possibilities: Innovative technologies and new markets provide ... Fundamentals of Monetary Policy in the Euro Area Concepts – Markets – Institutions Download free eBooks at bookboon.com Fundamentals of Monetary Policy in the Euro Area: Concepts – Markets – Institutions...
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monetary policy in the information economy
Ngày tải lên :
28/11/2014, 17:18
... institution, thus making policy less rule-based in fact, and not merely in perception More to the point would be an increase in the kind of communication provided by the In ation Reports or Monetary ... effective in the information economy, by allowing central banks to use signals of future policy intentions as an additional instrument of policy, and by tightening the linkages between the interest ... This indicates that the interbank market in New Zealand is not an idealized auction market of the kind assumed in our simple model Instead, the banks participating in this market maintain a convention...
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monetary policy in vietnam alternatives to inflation targeting
Ngày tải lên :
28/11/2014, 17:18
... during that period A very interesting (though not surprising) finding, which holds important policy implications for the SBV, is that – in contrast to changes in monetary aggregates – the interbank ... to interest rate movements compared to other countries with more developed financial sectors, because retained earnings continue to be the main source of financing for business capital spending ... hyperinflation provided the impetus for the comprehensive and coordinated Doi Moi reforms that included reforms in public finance and in Vietnam’s banking and financial sector In 1988 the Prime Minister...
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monetary policy in the information economy
Ngày tải lên :
29/11/2014, 11:26
... institution, thus making policy less rule-based in fact, and not merely in perception More to the point would be an increase in the kind of communication provided by the In ation Reports or Monetary ... effective in the information economy, by allowing central banks to use signals of future policy intentions as an additional instrument of policy, and by tightening the linkages between the interest ... This indicates that the interbank market in New Zealand is not an idealized auction market of the kind assumed in our simple model Instead, the banks participating in this market maintain a convention...
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monetary policy in vietnam alternatives to inflation targeting
Ngày tải lên :
29/11/2014, 11:26
... during that period A very interesting (though not surprising) finding, which holds important policy implications for the SBV, is that – in contrast to changes in monetary aggregates – the interbank ... to interest rate movements compared to other countries with more developed financial sectors, because retained earnings continue to be the main source of financing for business capital spending ... hyperinflation provided the impetus for the comprehensive and coordinated Doi Moi reforms that included reforms in public finance and in Vietnam’s banking and financial sector In 1988 the Prime Minister...
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Sun L. 2010-Bank loans and the effects of monetary policy in China-VAR-VECM approach
Ngày tải lên :
18/06/2016, 20:56
... conclude that the structural innovations to the indicators of China's monetary policy in our study can be suggested as the responses to changes in exogenous monetary policy in China The empirical results ... monetary policy of increasing money supply (quantity tool) has greater in uences on the real economy than a tight monetary policy of raising the interest rate (price tool) does in China In sum, ... M2 as the indicators of China's monetary policy following Ford et al (2003), Bernanke and Blinder (1992) and Wilbowo (2005) In a VAR system, the structural innovations of the monetary policy variable...
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A STUDY OF THE RELATIONSHIP BETWEEN CEO COMPENSATION AND FIRM PERFORMANCE IN THE US AIRLINE INDUSTRY 2002 2006
Ngày tải lên :
11/09/2013, 11:44
... performance in the U.S airline industry may aid those seeking to invest in the industry as well as forward looking investment decisions by various groups interested in the U.S airline industry Smaller ... be inefficient in explaining the relationship between CEO compensation and firm performance in the U.S scheduled passenger airline industry The business press reports that in the airline industry, ... structure of the industry causes instability Hecker (2005) argues that the inherent instability of the airline industry can be traced to the structure of the industry and its economics, including the...
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monetary and fiscal policy in the ISLM model
Ngày tải lên :
05/01/2014, 17:00
... demand Shift in the LM Curve from an Increase in the Money Supply Shift in the LM Curve from a Decrease in the Money Supply Response to a Change in Monetary Policy • An increase in the money ... Output and Interest Rate to an Increase in the Money Supply Response to a Change in Fiscal Policy I • An increase in government spending raises aggregate demand directly; a decrease in taxes makes ... Expansionary fiscal policy does not lead to a rise in output – Increased government spending increases the interest rate and crowds out investment spending and net exports • The less interest-sensitive...
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Tài liệu Financial Markets, Monetary Policy and Reference Rates: Assessments in DSGE Framework docx
Ngày tải lên :
17/02/2014, 03:20
... improvement of monitoring technology (decrease in a monitoring cost) in the interbank market (depicted in black line) and the lending market (depicted in red line) 29 GDP 0.016 Inflation 0.025 0.014 ... decline in is F substantially larger compared to the one caused by the decline in :13 c 13 In this paper, we investigate the economic response to a unexpected decline in monitoring cost and riskiness ... borrowers’creditworthiness reduces credit spreads in lending markets as well as in interbank market, facilitating investment further For the same size of decline in monitoring cost, a macroeconomic...
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Interest rate setting by universal banks and the monetary policy transmission mechanism in the euro area pot
Ngày tải lên :
15/03/2014, 02:20
... disappeared since the mid-1970s: 1974 in Spain, 1975 in Belgium, 1989 for the Netherlands, 1984 in France, 1990 in Italy Moreover, in Germany and Austria, universal banking had been the grounding principle ... Interest rate setting by universal banks and the transmission mechanism in the euro area Introduction The level of interest rates is one of the main determinants of savings and investment ... explain the lack of responsiveness of bank rates to market conditions 2.1 An incomplete interest rate pass through in individual euro area countries Table summarises the main findings of interest...
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