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Author : Jerry-Jeff Suk
Publisher :
ISBN 13 : 9783866243309
Total Pages : 156 pages
Book Rating : 4.2/5 (433 download)
Download or read book Essays on the Monetary Transmission Mechanism written by Jerry-Jeff Suk and published by . This book was released on 2008 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Juan-Carlos Castañeda
Publisher :
ISBN 13 :
Total Pages : 274 pages
Book Rating : 4.:/5 (469 download)
Download or read book Essays on the Monetary Transmission Mechanism written by Juan-Carlos Castañeda and published by . This book was released on 2000 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Christopher J. Gust
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (451 download)
Download or read book Essays on Models of the Monetary Transmission Mechanism written by Christopher J. Gust and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jiadan Jiang
Publisher :
ISBN 13 :
Total Pages : 604 pages
Book Rating : 4.:/5 (884 download)
Download or read book Empirical Essays on the Monetary Transmission Mechanism in China written by Jiadan Jiang and published by . This book was released on 2012 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julius Moschitz
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (83 download)
Download or read book Essays on the Transmission Mechanism of Monetary Policy written by Julius Moschitz and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Vera
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (822 download)
Download or read book Essays on the Monetary Transmission Mechanism, Changes in the United States Banking System and Small Business Lending written by David Vera and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: My first essay is a survey of the literature on the bank-lending channel of monetary policy, banking deregulation in the U.S. and small business lending. This literature provides a framework for exploring questions of how recent changes in banking deregulation may have affected the monetary transmission mechanism and small business lending. In my second essay, I provide evidence that the monetary transmission mechanism in the U.S. has changed. In particular, using aggregate data I show that monetary policy shocks no longer have the significant effects on bank loans that were previously demonstrated in the literature. The smaller response of bank loans coincides with a period of deregulation in the banking system that triggered banking consolidation. Using bank-level data, I tie the changes in the monetary transmission mechanism to changes in the response of bank loans resulting from mergers. Consistent with earlier research that linked monetary policy effects to banks' balance sheet characteristics, I show that the growth of loans of banks that have merged is less sensitive to monetary policy shocks than that of banks not taking part in mergers. In my third essay I explore the link between changes in the banking system and small business lending. Research on banking indicates that small banks appear to be the main providers of credit to small businesses. Recent changes in banking legislation that have triggered consolidation have raised concerns over the availability of credit to small businesses. In this paper I provide evidence that even though recent changes in banking legislation have decreased the number of small banks, they have not had an effect on total small business lending. I also provide evidence that small banks may be participating less in small business lending. These results have implications for both the smaller output volatility recently documented in the literature as well as for a diminished bank-lending channel of the monetary transmission mechanism.
Author : J.M. Berk
Publisher : Springer Science & Business Media
ISBN 13 : 1475734050
Total Pages : 157 pages
Book Rating : 4.4/5 (757 download)
Download or read book The Preparation of Monetary Policy written by J.M. Berk and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Standard macroeconomic monographs often discuss the mechanism of monetary transmission, usually ending by highlighting the complexities and uncertainties involved in this mechanism. Conversely, The Preparation of Monetary Policy takes these uncertainties as a starting point, analytically investigating their nature and spelling out their consequences for the monetary policy maker. The second innovative aspect of this book is its focus on policy preparation instead of well-covered topics such as monetary policy strategy, tactics, and implementation. Thirdly, a general, multi-model framework for preparing monetary policy is proposed, which is illustrated by case studies stressing the role of international economic linkages and of expectations. Written in a self-contained fashion, these case studies are of interest by themselves. The book is written for an audience that is interested in the art and science of monetary policy making, which includes central bankers, academics, and (graduate) students in the field of monetary economics, macroeconomics, international economics and finance.
Author :
Publisher :
ISBN 13 :
Total Pages : 188 pages
Book Rating : 4.:/5 (911 download)
Download or read book Essays on the Credit Channel of the Monetary Transmission Mechanism written by and published by . This book was released on 2005 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ariel T. Burstein
Publisher :
ISBN 13 :
Total Pages : 129 pages
Book Rating : 4.:/5 (517 download)
Download or read book Essays on Real Exchange Rate Dynamics and on the Monetary Transmission Mechanism written by Ariel T. Burstein and published by . This book was released on 2002 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Massimo Giuliodori
Publisher :
ISBN 13 :
Total Pages : 295 pages
Book Rating : 4.:/5 (559 download)
Download or read book Essays on the Transmission Mechanism of Monetary Policy written by Massimo Giuliodori and published by . This book was released on 2003 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rosen Azad Chowdhury
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)
Download or read book Essays on the Role that Banks Play in the Monetary Policy Transmission Mechanism in the United States written by Rosen Azad Chowdhury and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Transmission Mechanism of Monetary Policy written by and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Shabbir Dastgir
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (855 download)
Download or read book Essays on the Transmission Mechanisms of Monetary Policy written by Shabbir Dastgir and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents coverage of the transmission mechanism of monetary policy in the UK. It shows that historically, monetary policy has evolved through several distinct phases and frameworks over the last quarter of a century. A "new consensus" has emerged as a key theoretical construct of this process, with implications for the nature and role of money in an endogenous framework. It is argued that this is the essential basis for the current mode of economic analysis at the Bank of England. A further series of implications of this are the outcomes of Inflation Targeting as an objective of monetary policy. The stance can be shown to underpin thinking on monetary policy rules and these are used to perform an initial econometric analysis of a monetary policy reaction function. It is argued that the essential time series properties of such rules are generally overlooked in the empirical literature. Tentative analysis suggests that Taylor-type monetary policy reaction functions may not necessarily fit with an Inflation Targeting policy. In addition, the extent of pass through from official to retail bank interest rates is considered and shown to be incomplete.
Author : Shabbir Dastgir
Publisher :
ISBN 13 :
Total Pages : 620 pages
Book Rating : 4.:/5 (463 download)
Download or read book Essays on the transmission mechanism of monetary policy written by Shabbir Dastgir and published by . This book was released on 2009 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Juan Yang
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (69 download)
Download or read book Three Essays on Monetary Policy, the Financial Market, and Economic Growth in the U.S. and China written by Juan Yang and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Does monetary policy affect the real economy? If so, what is the transmission mechanism or channel through which these effects occur? These two questions are among the most important and controversial in macroeconomics. This dissertation presents some new empirical evidence that addresses each question for the U.S. and Chinese economies. Literature on monetary transmission suggests that the monetary policy can take effect on the real economy through several ways. The most noteworthy one is credit channels, including the bank lending channel and the interest channel. First, I use a new method to test for structural breaks in the U.S. monetary policy history and present some new empirical evidence to support an operative bank lending channel in the transmission mechanism of monetary policy. Results show that an operative bank lending channel existed in 1955 to 1968, and its impact on the economy has become much smaller since 1981, but it still has a significant buffering effect on output by attenuating the effect of the interest channel. Second, I adopt the recently developed time series technique to explore the puzzling negative correlation between output and stock returns in China currently, and posit that it is due to a negative link between monetary policy and stock returns when monetary policy increases output. The monetary policy has not been transmitted well in the public sector which is the principal part of Chinese stock market, and increased investment capital from monetary expansion goes to real estate sector instead of the stock market. Last, I demonstrate how monetary policy has been transmitted into the public and private sectors of China through the credit channel. The fundamental identification problem inherent in using aggregated data that leads to failure in isolating demand shock from supply shock is explicitly solved by introducing control factors. I find that the monetary policy has great impact on private sector rather than public sector through credit channel in China. These findings have important practical implications for U.S. and China's economic development by improving the efficiency of the monetary policy because a comprehensive understanding of monetary transmission will lead to better policy design.
Author : Won-Kyu Kim
Publisher :
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.:/5 (89 download)
Download or read book Three Essays on Monetary Business Cycle written by Won-Kyu Kim and published by . This book was released on 1993 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pedro Aspe Armella
Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.F/5 ( download)
Download or read book Essays on the International Transmission Mechanism written by Pedro Aspe Armella and published by . This book was released on 1983 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
