What is the right balance between US monetary and fiscal policy? Explorations using simulated wavelet-based optimal tracking control
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-017-1326-2
Abstract: This paper uses wavelet-based optimal control to simulate fiscal and monetary strategies under different levels of policy restrictions. The model applies the maximal overlap discrete wavelet transform to US quarterly GDP data and then uses… read more here.
Keywords: wavelet based; fiscal policy; policy; based optimal ... See more keywords
Does monetary policy react asymmetrically to exchange rate misalignments? Evidence for South Africa
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DOI: 10.1007/s00181-018-1595-4
Abstract: This paper examines the impact of exchange rates on the monetary policy conduct of South Africa’s central bank (SARB). We also examine whether the SARB’s responses depend on whether South Africa’s exchange rate is undervalued… read more here.
Keywords: south africa; monetary policy; exchange; exchange rate ... See more keywords
Heterogeneity, monetary policy, Mirrleesian taxes, and the Friedman rule
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DOI: 10.1007/s00199-018-1108-x
Abstract: We consider an overlapping-generations economy with money rationalized through a cash-in-advance constraint and heterogeneous agents subject to nonlinear taxation of labor income and linear taxation of commodity purchases. Some agents are more productive and more… read more here.
Keywords: heterogeneity monetary; policy mirrleesian; monetary policy; rule ... See more keywords
GHG Emissions Control and Monetary Policy
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DOI: 10.1007/s10640-016-0007-5
Abstract: This paper examines the optimal environmental and monetary policy mix in a New Keynesian model embodying pollutant emissions, abatement technology and environmental damage. The optimal response of the economy to productivity shocks is shown to… read more here.
Keywords: policy; ghg emissions; emissions control; monetary policy ... See more keywords
Monetary policy independence reconsidered: evidence from six non-euro members of the European Union
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DOI: 10.1007/s10663-016-9337-3
Abstract: This study measures the degree of de-facto monetary policy independence of a national central bank. This measurement might allow a central bank to assess the gains and losses in sovereign affecting the national money market… read more here.
Keywords: money market; market rates; monetary policy; market ... See more keywords
Together or Apart? Monetary Policy Divergences in the G4
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DOI: 10.1007/s11079-019-09524-y
Abstract: We evaluate monetary policy divergence in the G4. A Taylor rule is extended that admits a global element and also allows for unconventional monetary policy to be reflected in a shadow policy rate. We propose… read more here.
Keywords: together apart; monetary policy; policy divergences; apart monetary ... See more keywords
Renewable energy and non-renewable energy consumption: assessing the asymmetric role of monetary policy uncertainty in energy consumption
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DOI: 10.1007/s11356-021-12867-0
Abstract: Previous infant literature has assessed the symmetric impact of monetary policy uncertainty on a few macro variables. Our study has considered asymmetric monetary policy uncertainty impacts on energy consumption. Our key concern in this study… read more here.
Keywords: policy uncertainty; monetary policy; energy consumption; energy ... See more keywords
Financial Stability, Monetary Policy, and Economic Growth: Panel Data Evidence from Developed and Developing Countries
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DOI: 10.1007/s13132-017-0453-5
Abstract: This paper examines the relationship between financial stability, monetary policy, and economic growth in 40 developed and developing countries by using the annual panel data over the period of 1993–2015. Fixed and random effects panel… read more here.
Keywords: growth; monetary policy; financial stability; stability monetary ... See more keywords
Monetary policy, cash holding and corporate investment: Evidence from China
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DOI: 10.1016/j.chieco.2017.09.001
Abstract: This paper uses 13,766 firm-year observations between 2003 and 2013 from China to investigate the effects of monetary policy on corporate investment and the mitigating effects of cash holding. We find that tightening monetary policy… read more here.
Keywords: corporate investment; cash; monetary policy; cash holding ... See more keywords
Dynamic connectedness among monetary policy cycle, financial cycle and business cycle in China
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DOI: 10.1016/j.eap.2021.01.014
Abstract: Abstract This study explores the cyclical features and the dynamic spillovers among monetary policy cycle, financial cycles (including credit, housing and stock market cycles) and business cycle in China during 1998–2018. We find that the… read more here.
Keywords: cycle; monetary policy; among monetary; policy ... See more keywords
Monetary policy and transaction costs: Empirical analysis of consumption function for the United States of America (1988–2014)
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DOI: 10.1016/j.econ.2020.02.001
Abstract: Abstract In macroeconomic theory, different approaches discuss the ability of monetary policy to affect real variables in the long run. This research proposes the empirical application of a theoretical model that includes nominal rigidities arising… read more here.
Keywords: transaction costs; consumption; monetary policy; long run ... See more keywords