The yield curve in information under unconventional monetary policies
نویسندگان
چکیده
منابع مشابه
Unconventional monetary policies and the credit market
We propose a theoretical model based on the bank lending channel to assess the ability of lending facilities and swap programmes to a¤ect the credit interest rate. The model predicts the success of both unconventional monetary measures in reducing the credit interest rate under very general conditions. The comparison between measures reveals the outperformance of lending facilities over swap pr...
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متن کاملMonetary and Fiscal Policies and the Growth Laffer Curve: Panel Data Evidences
The present paper examines the mitigating effect of monetary and fiscal policies on the “Growth Laffer curve” (GLC) using a panel data of 38 high income countries over the period 2003-2012. Adopting generalised method of moments (GMM) estimators, the paper finds evidence substantiating the presence of an inverted-U GLC. Moreover, the evidence suggests that the GLC shifts downward by employing e...
متن کاملDiscussion of “On the Quantitative Effects of Unconventional Monetary Policies in Small Open Economies”∗
This paper contributes to the expanding literature on unconventional monetary policies. So far, much of the literature has focused on advanced economies. This may be natural because the United States and the European Union are the sources of the current crisis. However, many emerging markets have also been affected by the current crisis, and their central banks have employed unconventional poli...
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ژورنال
عنوان ژورنال: Revista de análisis económico
سال: 2015
ISSN: 0718-8870
DOI: 10.4067/s0718-88702015000200001