نتایج جستجو برای: Keywords: Monetary Policy
تعداد نتایج: 2191725 فیلتر نتایج به سال:
This paper investigates the asymmetric effects of monetary policy on economic growth over business cycles in Iran. Estimating the models using the Hamilton (1989) Markov-switching model and by employing the data for 1960-2012, the results well identify two regimes characterized as expansion and recession. Moreover, the results show that an expansionary monetary policy has a positive and statist...
abstract this study uses annual data over the period 2005-2014 and the panel vecm approach to examine financial inclusion and monetary policy effectiveness in africa. the study shows that financial inclusion and monetary policy effectiveness are linked by a set of long-run relationships. policy reaction to the positive financial inclusion shock is not significant. policy reaction to the positiv...
We study interactions between monetary policy, which sets nominal interest rates, and scal policy, which levies distortionary income taxes to nance public goods, in a standard, stickyprice economy with monopolistic competition. Policymakersinability to commit in advance to future policies gives rise to excessive ination and excessive public spending, resulting in welfare losses equivalent t...
Proper understanding of the concept of inflation and the factors affecting it is essential to achieving price stability. Despite the same general understanding of the concept of inflation, there is still no consensus among economists on the causes, so in recent years, many empirical studies in the country have identified and examined the factors affecting inflation. Since inflation is affected ...
The ultimate goal of monetary policy is to achieve price stability and favorable economic growth through policy tools. The purpose of this paper is to determine the optimal monetary policy rule and measure and evaluate the effectiveness of monetary policy in an elected economy -Pakistan- with optimal control method. In this way, using Dynamic Programming, monetary policy maker's loss function ...
The federal funds rate has been stuck at the zero bound for over two years and the Fed has turned to unconventional monetary policies, such as large scale asset purchases to provide stimulus to the economy. This paper uses a structural VAR with daily data to identify the e¤ects of monetary policy shocks on various longer-term interest rates during this period. The VAR is identi ed using the ass...
The federal funds rate has been stuck at the zero bound for over two years, and the Fed has instead resorted to unconventional monetary policies, such as large scale asset purchases to provide stimulus to the economy. This paper uses a structural VAR to identify the e¤ects of monetary policy shocks on the con guration of interest rates during this period. The VAR is identi ed using the assumpti...
the history of monetary policy in iran, judging by their performance in keeping the value of the currency, maintaining a steady growth in the gross domestic product, faltering investment, show that monetary policy has not been a portrait of consistent successes, to say the least. as a result of the recent studies two rules have emerged as guideline for policy makers: taylor rule and mccallum ru...
the most important objectives of monetary policy are to provide price stability, economic growth and favorable employment levels. since achieving these goals is not directly accessible for policy makers, so introducing and studying the appropriate tools and intermediate targets seem necessary. for this reason, this paper tries to answer this question: whether can we introduce an appropriate rul...
Over the last decades the research on monetary policy has largely concentrated on the impact of monetary authorities’ decisions on inflation and the fine-tuning of the macroeconomic, so that distributional effects of monetary policy which are non-trivial has been ignored. A view that has become increasingly popular since the financial crisis 2008 is that expansionary monetary policy can exacerb...
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