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Persistent link: https://www.econbiz.de/10010208495
monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the … maturity of the inflation targeting regime affect the supply of credit. Design/methodology/approach – The paper offers a review … the credit channel, it develops a theoretical model based on Bernanke and Blinder and Ferreira and it seeks empirical …
Persistent link: https://www.econbiz.de/10014864360
monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the … maturity of the inflation targeting regime affect the supply of credit. Design/methodology/approach – The paper offers a review … the credit channel, it develops a theoretical model based on Bernanke and Blinder and Ferreira and it seeks empirical …
Persistent link: https://www.econbiz.de/10010688400
This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. Ignoring the relation between monetary policy and asset...
Persistent link: https://www.econbiz.de/10009019599
Persistent link: https://www.econbiz.de/10001853584
This article is one of a series on the UK monetary policy process. It discusses how the assessment of money and credit …
Persistent link: https://www.econbiz.de/10014065382
This paper studies monetary policy in an economy where banks make risky loans to firms and provide liquidity services in the form of deposits to households. For given bank equity, market discipline implies that banks can take more deposits when assets are safer or more profitable. Banks respond...
Persistent link: https://www.econbiz.de/10012510693
Persistent link: https://www.econbiz.de/10012665467
Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent...
Persistent link: https://www.econbiz.de/10012517676
comparing Wicksell's theory of price level determination in a pure credit economy, the "cumulative process", to the neo … stability with a reformed financial system that maintains credit stability. The paper uses empirical evidence from Sweden and …
Persistent link: https://www.econbiz.de/10013270300