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While there is a fairly broad consensus regarding the potential adverse effects of generous unemployment benefit insurance on steady-state employment, the short-term effects of benefit reforms are not well-established. This paper contributes to fill this gap by estimating impulse responses to...
Persistent link: https://www.econbiz.de/10010118882
In recent years the issue of the role of asset prices in monetary setting has become increasingly topical since booms and busts in asset market are associated with the fluctuations in overall economic activity through its impacts on aggregate spending. In this study, we use Smooth Transition...
Persistent link: https://www.econbiz.de/10010148062
, Australia, Euro, Japan and the UK during the period from 2000 to 2007. Two different approaches of Rai, Seth and Mohanty (2007 …
Persistent link: https://www.econbiz.de/10010148088
This article examines the impact of news about the Bank of Japan monetary policy announcements regarding the Japanese … domestic markets is related to the success of their policies. In Japan, a zero or low interest rate policy has been in effect … hypothesis show the recent existence of significant impacts of the Bank of Japan announcements on not only domestic interest …
Persistent link: https://www.econbiz.de/10010009133
In this paper, we attempt to estimate reaction functions of the Central Bank of the Republic of Turkey (CBRT) based on Taylor rule and Hybrid McCallum-Taylor rule. We apply Generalized Methods of Moments (GMM) and Limited Information Maximum Likelihood (LIML) methods for estimating monetary...
Persistent link: https://www.econbiz.de/10010058693
The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...
Persistent link: https://www.econbiz.de/10010160671
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Capital structure is an important aspect of financial management however the influence of macroeconomic factors in the determination of capital structure is to some extent under-researched. This article analyzes the influence of the macro economic factors on the capital structure of selected...
Persistent link: https://www.econbiz.de/10010148296