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The monetary policy, credit constraint and spatial distribution of economic activity : a contribution of new economic geography

Jafari-Samimi, Ahmad; Rasekhi, Saeed; Asadi, Peyman - In: Iranian economic review : journal of University of Tehran 23 (2019) 1, pp. 1-27

Persistent link: https://www.econbiz.de/10012152532

Mapping extent of spillover channels in monetary space : study of multidimensional spatial effects of US Dollar liquidity

Lu, Changrong; Liu, Lian; Yu, Fandi; Li, Jiaxiang; … - In: International Journal of Financial Studies : open … 13 (2025) 2, pp. 1-28

This study aims to analyze the spatial effects triggered by dollar liquidity by constructing a multidimensional spatial matrix that modifies the traditional monetary spatial framework. We utilized a three-level spatial econometric model (Spatial Lag, Durbin, and Generalized Nested Space) to...

Persistent link: https://www.econbiz.de/10015435837

Policy experiments in an agent-based model with credit networks

Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico; … - 2018

., Gaffeo, E., Cirillo, P. and Gallegati, M. (Macroeconomics from the bottom-up, 2011) with the inclusion of a bank-bank network …

Persistent link: https://www.econbiz.de/10011880809

Policy experiments in an agent-based model with credit networks

Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico; … - 2017

In this paper the authors build upon Assenza et al. (Credit networks in the macroeconomics from the bottom-up model, 2015), which include firm-bank and bank-bank networks in the original macroeconomic model in Macroeconomics from the bottom-up (Delli Gatti et al., Macroeconomics from the...

Persistent link: https://www.econbiz.de/10011723851

The network nature of over-the-counter interest rates

Rainone, Edoardo - In: Journal of financial markets 47 (2020), pp. 1-51

Persistent link: https://www.econbiz.de/10012631767

Monetary policy and liquidity management with an endogenous interbank network

Carpizo, Luiz; Hiller, Timo - 2022

network. We first provide a characterization of the unique equilibrium of banks' liquidity holdings for any network of credit … lines. Then, we endogenize the network and show that every equilibrium network is a complete coreperiphery graph. Central … accounting for banks' endogenous linking decisions, a narrower corridor may lead to a sparser interbank network with higher …

Persistent link: https://www.econbiz.de/10013440018

The financial network channel of monetary policy transmission : an agent-based model

Alexandre, Michel; Lima, Gilberto Tadeu; Riccetti, Luca; … - In: Journal of economic interaction and coordination 18 (2023) 3, pp. 533-571

Persistent link: https://www.econbiz.de/10014323442

The financial network channel of monetary policy transmission: an agent-based model

Alexandre, Michel; Lima, Gilberto Tadeu; Riccetti, Luca; … - 2022

Persistent link: https://www.econbiz.de/10013204385

Bayesian state-space modeling for analyzing heterogeneous network effects of US monetary policy

Hauzenberger, Niko; Pfarrhofer, Michael - 2019

network effects of US monetary policy on the industry level. Second, we account for cross-sectional heterogeneity and cluster … network effects varies strongly over time. In particular, US recessions tend to coincide with periods where between 40 to 60 … percent of the overall effects can be attributed to network effects; expansionary economic episodes show muted network effects …

Persistent link: https://www.econbiz.de/10012126211

Regional Effects of Monetary Policy in China : Evidence from China's Provinces

Guo, Xiaohui; Masron, Tajul Ariffin - 2017

This study examines the provincial effects of monetary policy from 1978 to 2011 in China. We used the SVAR method to measure the magnitude and timing of each province's response to monetary policy shocks when considering the influences of spillover effects among provinces. Then we also explored...

Persistent link: https://www.econbiz.de/10014122027