R. (2007). The Making of US Monetary Policy: Central Bank Transparency and the Neoliberal Dilemma. Theory and Society, 36(6), 477-513.Krippner, G. (2007), « The Making of US Monetary Policy: Central Bank Transparency and the Neoliberal Dillema », Theory and Society, Volume 36, 6...
As a result, it is harder to find truly exogenous monetary policy shocks, which has made monetary policy ineffective. In this article, we find that anomalous economic behaviours of financial institutions might be the true reason for the ineffective monetary policy. Our structural vector ...
As a result, it is harder to find truly exogenous monetary policy shocks, which has made monetary policy ineffective. In this article, we find that anomalous economic behaviours of financial institutions might be the true reason for the ineffective monetary policy. Our structural vector ...
We examine the impact of US monetary policy uncertainty (MPU) on the dollar exchange rates of ten Asian economies between February 2006 and January 2019. Our results, which are based on an EGARCH model, indicate that MPU tends to increase the variance of exchange rates rather than affecting ...
In this paper, we investigate the spillover effect from US monetary policy to selected ASEAN stock markets by employing Markov-switching models. Based on univariate Markov-switching models, we confirm the existence of two distinct regimes for both US monetary policy and the stock markets. By apply...
Previous article in issue Next article in issue Keywords GARCH-MIDAS US monetary Policy uncertainty Oil price Gas price Futures market 1. Introduction Energy plays a fundamental role in the economy, and any adjustment in energy markets affects investment in other markets. The impact of energy price...
In this paper, we apply a novel econometric approach joint with an exhaustive revision of the main events in the history of US monetary policy in order to check the effectiveness of monetary policy focused on interest rates. Unlike the traditional cointegration approach, this new methodology allows...
Given the large amount of interaction between research on monetary policy and its practice, this article examines whether some simple monetary policy rules that have been proposed in the academic literature, part of which has originated from within central banks, provide a reasonable characterization of...
The Federal Reserve, established in 1913 through the Federal Reserve Act, has stood for well over a century as a cornerstone for the U.S. financial system. Its longevity is a testament not just to decades of monetary policy but also to the Fed's ability to evolve along with the U.S. ...
monetary policyquantitative easingThe article reviews the case for the UK to join the Eurozone by way of presenting a review of HM Treasury's widely ... MJ Artis - 《Cesifo Economic Studies》 被引量: 21发表: 2006年 The Optimal Quantity of CBDC in a Bank-Based Economy We provide evidence...