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Monetary policy transmission and financial stability in a LIC : the case of Bangladesh

Rafiq, Sohrab - 2015

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....

Persistent link: https://www.econbiz.de/10011408240

What's different about monetary policy transmission in remittance-dependent countries?

Barajas, Adolfo; Chami, Ralph; Ebeke, Christian; … - 2016

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation) pressure on real exchange rates, reducing the quality of institutions, delaying...

Persistent link: https://www.econbiz.de/10011445365

Constrained efficient borrowing with sovereign default risk

Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2020

Persistent link: https://www.econbiz.de/10012392477

Debt is not free

Moreno Badía, Marialuz; Medas, Paulo; Gupta, Pranav; … - 2020

With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal crises, thereby restricting the policy space in a downturn. The empirical evidence to date is however inconclusive, and the true cost of debt may be overstated if interest rates...

Persistent link: https://www.econbiz.de/10012170046

Fiscal limits and monetary policy : default vs. inflation

Sokolova, Anna - In: Economic modelling 48 (2015), pp. 189-198

Persistent link: https://www.econbiz.de/10011453641

Excess Liquidity and the Effectiveness of Monetary Policy : Evidence From Sub-Saharan Africa

Saxegaard, Magnus - 2006

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …

Persistent link: https://www.econbiz.de/10014400369

Macrofinancial analysis in the world economy : a panel dynamic stochastic general equilibrium approach

Vitek, Francis - 2015

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover...

Persistent link: https://www.econbiz.de/10011408247

Some selected simulation experiments with the European commissionś QUEST model

Röger, Werner; Veld, Jan in 't - In: Economic modelling 21 (2004) 5, pp. 785-832

Persistent link: https://www.econbiz.de/10002137436

Cross-border transmission of fiscal shocks : the role of monetary conditions

Blagrave, Patrick; Ho, Giang; Koloskova, Ksenia; … - 2018

Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillovers. Standard New Keynesian models predict the cross-border transmission of...

Persistent link: https://www.econbiz.de/10011852565

Monetary and fiscal policy transmission in Poland

Haug, Alfred Albert; Jędrzejowicz, Tomasz; … - In: Economic modelling 79 (2019), pp. 15-27

Persistent link: https://www.econbiz.de/10012199004

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