Search Results - subject:"Policy Implementation"

How do local governments respond to central mandate in affordable housing policy? : A qualitative comparative analysis of forty-one Chinese cities

Ma, Luyao; Liu, Zhilin - In: Journal of urban management 13 (2024) 3, pp. 386-397

Countries in developed and developing worlds have faced growing challenges to solve affordable housing shortages for lower-income households, prompting the adoption of various types of mandates to compel local implementation of affordable housing policy. A large volume of literature has focused...

Persistent link: https://www.econbiz.de/10015056867

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

Bozhinovska, Simona - 2023

The present article proposes to draw on the recent experiences of many central banks of advanced economies and the evolution of their operational frameworks in the new context of increased domestic liquidity, when analysing the operations of central banks that engage in exchange rate management...

Persistent link: https://www.econbiz.de/10014329438

Monetary policy implementation with ample reserves

Afonso, Gara; Kim, Kyungmin; Martin, Antoine; Nosal, Ed; … - 2023

We offer a parsimonious model of the reserve demand to study the tradeoffs associated with various monetary policy … implementation frameworks. Prior to the 2007-09 financial crisis, many central banks supplied scarce reserves to execute their … between abundant and scarce-by moderately decreasing their balance sheets and reserves. We find that the best policy …

Persistent link: https://www.econbiz.de/10014388424

The implementation of sustainability taxonomies: The case of South Africa

Hilbrich, Sören; Berensmann, Kathrin; Artmann, Giovanna; … - 2023

In recent years, many jurisdictions have developed sustainability taxonomies that aim to increase transparency of financial markets and redirect capital flows to sustainable investments. Such sustainable finance policies can be important levers because today's investments shape economic...

Persistent link: https://www.econbiz.de/10014470197

The optimal supply of central bank reserves under uncertainty

Afonso, Gara; La Spada, Gabriele; Mertens, Thomas; … - 2023

This paper provides an analytically tractable theoretical framework to study the optimal supply of central bank reserves when the demand for reserves is uncertain and nonlinear. We fully characterize the optimal supply of central bank reserves and associated market equilibrium. We find that the...

Persistent link: https://www.econbiz.de/10014480469

The importance of calibration in policy mixes: Environmental policy integration in the implementation of the European Union's Common Agricultural Policy in Germany (2014–2022)

Grohmann, Pascal; Feindt, Peter H. - In: Environmental Policy and Governance 34 (2023) 1, pp. 16-30

Environmental policy integration (EPI), that is, the incorporation of environmental concerns in non-environmental policy areas, has been widely adopted in public policies. However, EPI research has found much discrepancy between environmental objectives and actual implementation. This paper...

Persistent link: https://www.econbiz.de/10014519237

Reviewing Canada's monetary policy implementation system: Does the evolving environment support maintaining a floor system?

Gravelle, Toni; Morrow, Ron; Witmer, Jonathan - 2023

At the onset of the pandemic, the Bank of Canada transitioned its framework for monetary policy implementation from a … frameworks for monetary policy implementation. …

Persistent link: https://www.econbiz.de/10014541761

Estimating the appropriate quantity of settlement balances in a floor system

Bulusu, Narayan; McNeely, Matthew; McRae, Kaetlynd; … - 2023

In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy by providing a sufficiently large quantity of settlement balances to enable the overnight repo rate to trade at close to the deposit rate. In contrast, the Bank's guiding...

Persistent link: https://www.econbiz.de/10014541798

The valuation haircuts applied to eligible marketable assets for ECB credit operations

Adler, Martin; Camba-Méndez, Gonzalo; Dézaja, Tomislav; … - 2023

the ECB when formulating valuation haircuts. Keywords: monetary policy implementation, risk control framework of credit …

Persistent link: https://www.econbiz.de/10014374534

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/10014374652