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Author : Christian Gilles
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book Identifying Monetary Policy with a Model of the Federal Funds Rate written by Christian Gilles and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Board of Governors of the Federal Reserve System
Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)
Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author : John B. Taylor
Publisher : University of Chicago Press
ISBN 13 : 0226791262
Total Pages : 460 pages
Book Rating : 4.2/5 (267 download)
Download or read book Monetary Policy Rules written by John B. Taylor and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Author : Allan D. Brunner
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Federal Funds Rate and the Implementation of Monetary Policy written by Allan D. Brunner and published by . This book was released on 1994 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Charles Evans
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 ( download)
Download or read book Monetary Policy and the Term Structure of Nominal Interest Rates written by Charles Evans and published by . This book was released on 1997 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Allan D. Brunner
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Using Measures of Expectations to Identify the Effects of a Monetary Policy Shock written by Allan D. Brunner and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lawrence J. Christiano
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (318 download)
Download or read book Identification and the Effects of Monetary Policy Shocks written by Lawrence J. Christiano and published by . This book was released on 1994 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jack Rabin
Publisher : CRC Press
ISBN 13 : 0585425515
Total Pages : 1009 pages
Book Rating : 4.5/5 (854 download)
Download or read book Handbook of Monetary Policy written by Jack Rabin and published by CRC Press. This book was released on 2020-04-30 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook explains the development and implementation of monetary policy. It examines theories and issues related to the preservation of economic activity and explores why the preservation of economic stability is a principal goal of public policy.
Author : Thomas Havrilesky
Publisher : Springer Science & Business Media
ISBN 13 : 1475722281
Total Pages : 380 pages
Book Rating : 4.4/5 (757 download)
Download or read book The Pressures on American Monetary Policy written by Thomas Havrilesky and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic motivation for this book is my lifelong interest in the relationship between political processes and macroeconomic outcomes, especially in the area of monetary policy. Monetary policy is an area where political considerations regularly impact upon economic results. When my fascination with this subject began thirty years ago, none of the scholarly literature of that period engaged in modeling monetary policy, even as a constrained maximization problem, not to mention systematically linking it to politically-generated goals. My dissertation at the University of Illinois in 1966 and my first published article (in the Journal of Political Economy in 1967) addressed the modeling and estimation of the concerns that propel monetary policy. In the political and economic turbulence of the period from the late 1960s through the early 1980s, it became clear that the directions taken by monetary policy were changing with some frequency. Much of my published research during that period dealt with formal control theoretic models of monetary policy but some of it attempted to measure these changes and showed that monetary policy reactions to the state of the economy were not stable over time. Even during this early period I suggested reforms which might reduce the resulting instability in the economy. For example, my 1972 article in the Journal of Political Economy suggested systematic penalties Federal Reserve officials who failed to meet the goal of monetary stability by tying their budgets or salaries inversely to the rate of inflation.
Author : Ben Bernanke
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (318 download)
Download or read book Measuring Monetary Policy written by Ben Bernanke and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.John C Bluedorn
Publisher : International Monetary Fund
ISBN 13 : 1484323378
Total Pages : 39 pages
Book Rating : 4.4/5 (843 download)
Download or read book Heterogeneous Bank Lending Responses to Monetary Policy written by Mr.John C Bluedorn and published by International Monetary Fund. This book was released on 2013-05-22 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending. Using an exogenous policy measure identified from narratives on FOMC intentions and real-time economic forecasts, we find much greater heterogeneity in U.S. bank lending responses than that found in previous research based on realized federal funds rate changes. Our findings suggest that studies using realized monetary policy changes confound the monetary policy’s effects with those of changes in expected macrofundamentals. We also extend Romer and Romer (2004)’s identification scheme, and expand the time and balance sheet coverage of the U.S. banking sample.
Author : John W. Keating
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (13 download)
Download or read book A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions written by John W. Keating and published by . This book was released on 2016 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deteriorating economic conditions in late 2008 led the Federal Reserve to lower the target federal funds rate to near zero, inject liquidity into the financial system through novel facilities, and engage in large scale asset purchases. The combination of conventional and unconventional policy measures prevents using the effective federal funds rate to assess the effects of monetary policy in samples that extend beyond 2008. This paper develops an approach to identify the effects of monetary policy shocks in such instances. We employ a newly created broad monetary aggregate to elicit the effects of monetary policy shocks both prior to and after 2008. Our model is bolstered by its ability to produce plausible responses to monetary policy shocks free from price, output, and liquidity puzzles that have plagued other approaches.
Author : Etsuro Shioji
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (6 download)
Download or read book Identifying Monetary Policy Shocks in Japan written by Etsuro Shioji and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Felix Miebs
Publisher : GRIN Verlag
ISBN 13 : 363863194X
Total Pages : 24 pages
Book Rating : 4.6/5 (386 download)
Download or read book Which are the Effects of Monetary Policy? Identifying Policy Shocks in recursive VARs written by Felix Miebs and published by GRIN Verlag. This book was released on 2007-04-06 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - Monetary theory and policy, grade: 1,0, University of Frankfurt (Main), language: English, abstract: 1 Introduction In the mid 70’s people started to doubt the validity of macroeconomic models as they were not able to forecast the worldwide recession due to the oil-price shock. These models needed an a priori seperation into endogenous or exogenous variables. This need for seperation was criticized by Sims (1980), who proposed as solution for this problem a Vector Autoregressive model (VAR). ”A VAR is an n-equation, n-variable linear model in which each variable is in turn explained by its own lagged values, plus current and past values of the remaining n-1 variables.”1 This offers the possibility that these variables influence each other mutually, which makes each of them endogenous.2 Let us put some economic background to these definitions. As we focus on monetary policy, we might be interested in the mutual relation and behaviour of the interest rate (r) and inflation (). For simplicity we just take these two variables with one lag into account. According to our setup we yield the following equation system: (Die Formeln sind nur in der Download-Version verfügbar) The equation system of (1) and (2) is called the primitive system, where (Ert) and (E(pi)t) are uncorrelated white noise disturbances. 2 Building a recursive VAR In this section we will build a recursive VAR step by step. In the first section the primitive system will be transformed into the reduced form VAR. Building on that, we will focus on the identification of the primitive system, which finally will yield us the recursive VAR. Finally we abandon the exogenous assumption about the lag-length which we set for simplicity to one. This will let us end up with the methodology, which will enable us to apply the VAR toolkit to a real world situation.
Author : Mr.Olivier Coibion
Publisher : International Monetary Fund
ISBN 13 : 1475505493
Total Pages : 57 pages
Book Rating : 4.4/5 (755 download)
Download or read book Innocent Bystanders? Monetary Policy and Inequality in the U.S. written by Mr.Olivier Coibion and published by International Monetary Fund. This book was released on 2012-08-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.
Author :
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 (21 download)
Download or read book Working Paper Series written by and published by . This book was released on 1986 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David O. Cushman
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.0/5 ( download)
Download or read book Identifying Monetary Policy in a Small Open Economy Under Flexible Exchange Rates written by David O. Cushman and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
