Search Results - subject:"Monetary policy instruments"

Unconventional monetary policy under review: Past, present and future challenges

Holzmann, Robert - 2024

After the global financial crisis and until 2021, the primary objective of central banks in advanced economies was to implement policies aimed at increasing inflation, given that inflation had been too low for too long. Having reached the effective lower bound (ELB) of nominal interest rates,...

Persistent link: https://www.econbiz.de/10015117583

A statistical approach to identifying ECB monetary policy

Akkaya, Yıldız; Bitter, Lea Henriette; Brand, Claus; … - 2024

We construct monetary policy indicators from high-frequency asset price changes following policy announcements, emphasising the concentration of asset price responses along specific dimensions and their leptokurtic distribution. Traditionally, these dimensions are identified by rotating...

Persistent link: https://www.econbiz.de/10015199517

A statistical approach to identifying ECB monetary policy

Akkaya, Yıldız; Bitter, Lea Henriette; Brand, Claus; … - 2024

Persistent link: https://www.econbiz.de/10015178583

China's monetary policy framework and global commodity prices

Hammoudeh, Shawkat; Nguyen, Duc Khuong; Sousa, Ricardo M. - In: Energy economics 138 (2024), pp. 1-18

Persistent link: https://www.econbiz.de/10015182935

Unconventional monetary policy under review : past, present and future challenges

Holzmann, Robert - 2024

Persistent link: https://www.econbiz.de/10015080564

The impact of monetary policy instrument innovation on commercial banks' liquidity creation

Zhang, Xuedong; Li, Jinwei - In: Finance research letters 73 (2025), pp. 1-7

Persistent link: https://www.econbiz.de/10015210437

Monetary policy under permanent excess liquidity : the case of Poland

Polański, Zbigniew - In: Central banking and monetary policy implementation : …, (pp. 182-218). 2025

This chapter analyzes the implementation of monetary policy in Poland, focusing on its operational aspects, from the decomposition of the Soviet-type mono-bank system at the end of the 1980s until the recent quantitative easing (QE) experience. This is done against the background of the...

Persistent link: https://www.econbiz.de/10015460330

Analysing the evolving effectiveness of monetary policy instruments in China : insights from the TVP-SV-MF-bfavar framework

Wang, Deqing; Liu, Qihang; Li, Shengguo - In: Applied economics 57 (2025) 46, pp. 7465-7477

Persistent link: https://www.econbiz.de/10015472916

Bank levies, the money market and monetary policy operations

Kapuściński, Mariusz - In: Finance research letters 83 (2025), pp. 1-6

Persistent link: https://www.econbiz.de/10015551547

Assessing the efficacy, efficiency and potential side effects of the ECB's monetary policy instruments since 2014

Altavilla, Carlo; Lemke, Wolfgang; Linzert, Tobias; … - 2021

Policy Instruments. More specifically, it focuses on the efficacy, efficiency and potential side effects of the key monetary … policy instruments employed by the European Central Bank since 2014. The following main findings emerge from the analysis …This paper summarises the work done by Eurosystem staff in the context of the Strategy Review Seminar on Monetary …

Persistent link: https://www.econbiz.de/10012661660