aThe Eurosystem’s monetary policy framework is formulated with a view to ensuring the participation of a broad range of counterparties. Eurosystem的货币政策框架公式化出于对保证counterparties的一个宽广的范围的参与考虑。[translate]
Open market operations are essentially the buying and selling ofgovernment-issued securities(such as U.S.T-bills) by the Federal Reserve. It is the primary method by which monetary policy is formulated. The short-term purpose of these operations is to obtain a preferred amount of reserves held...
The policy to be adopted by Chinese central bank did not come out of thin air. Even though China achieved double digit economic growth in previous decades it began to slow down and began to show some vulnerabilities in recent years. Mainly its total debt to GDP ratio surpassed the comparable...
monetary policy can be formulated and executed in terms of interest rates. However, the relevant interest rates for household and business spending decisions are the real or inflation-adjusted rates. These rates can be affected by actions of others in the economy in addition to...
Welfare-maximizing monetary policies were then formulated by using concepts and tools from the public finance literature. I discuss how monetary economists not only borrowed tools from public finance but also claimed one of its giants as their own: the Cambridge mathematician Frank Ramsey. In my ...
Transparency and Predictability in Monetary Policy Whereas monetary policy was previously formulated without any particular emphasis on public disclosure, most central banks now attach considerable importance to transparency and predictability. This is partly because monetary policy has ... T Bernhardsen 被...
Over the past decades, policymakers and academic economists have formulated several key principles for the conduct of monetary policy; these principles are based on historical experience with a range of monetary policy frameworks 过去几十年,政策制定者和学术界人士提出了几个关于货币政策的准则。这些准则基...
American monetary policy is formulated by the Federal Reserve and overseen by Congress. Both policy making and oversight are deliberative processes, although the effect of this deliberation has been difficult to quantify. In this book, C... C Schonhardtbailey,A Bailey - The MIT Press 被引量:...
equilibrium model, Shangle and Solaymani (2020) simulate the dynamic response of monetary policy to oil price fluctuation in Malaysia. Using a time-varying parameter vector autoregression framework, Lin and Bai (2021) empirically study the interaction between oil price and the newly formulated EPU ...
These changes pose serious challenges in the conduct of monetary policy. Depending on the particular situation facing the Indian economy at a particular time, RBI has been changing its monetary policy stance from time to time. The monetary policy is formulated in view of the estimated rat...