Search Results - subject:"Monetary policy implementation"

Enhancing climate resilience of monetary policy implementation in the euro area

Aubrechtová, Jana; Heinle, Elke; Moyà Porcel, Rafel; … - 2023

considerations into the monetary policy implementation framework is at its inception. As data availability and quality improve, and … avenues that central banks, including the ECB, might take to further refine their monetary policy implementation using an … sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy …

Persistent link: https://www.econbiz.de/10014303237

Central bank balance sheets under foreign exchange accumulation : insights from endogenous money theory and monetary policy implementation

Bozhinovska, Simona - In: Cambridge journal of economics 49 (2025) 1, pp. 127-142

Persistent link: https://www.econbiz.de/10015330319

Settlement balances deconstructed

Chu, Parnell; Johnson, Grahame; Kinnear, Scott; … - 2022

The concept of settlement balances is simple in its definition but complex when attempting to understand how they interplay between a central bank and the financial system. Settlement balances can be defined as interest-bearing deposits that belong to participants of Canada's payment system and...

Persistent link: https://www.econbiz.de/10013430331

The use of the Eurosystem's monetary policy instruments and its monetary policy implementation framework in 2020 and 2021

Corsi, Marco (contributor); Mudde, Yvo (contributor) - 2022

overview of the Eurosystem's monetary policy implementation over the years 2020 and 2021. …

Persistent link: https://www.econbiz.de/10013480193

How do banks manage liquidity? Evidence from the ECB's tiering experiment

Baldo, Luca; Heider, Florian; Hoffmann, Peter; Sigaux, … - 2022

We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of the ECB's two-tier system which heterogeneously reduced the cost of additional reserves holdings. We find that the treated banks increase reserve holdings by borrowing on the...

Persistent link: https://www.econbiz.de/10014278293

Understanding post-COVID inflation dynamics

Harding, Martín; Lindé, Jesper; Trabandt, Mathias - 2022

We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. The nonlinear Phillips curve in our model arises due to a quasi-kinked demand schedule for goods produced by...

Persistent link: https://www.econbiz.de/10014544443