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Toward a green economy : the role of central bank's asset purchases

Ferrari, Alessandro; Nispi Landi, Valerio - 2023

We use a DSGE model to study the effectiveness of green-asset purchases by the central bank (Green QE), along the …

Persistent link: https://www.econbiz.de/10013552671

Central Bank communication with the general public : promise or false hope?

Blinder, Alan S.; Ehrmann, Michael; Haan, Jakob de; … - 2022

. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and …

Persistent link: https://www.econbiz.de/10013329414

Central banks' voting records, financial crisis and future monetary policy

Horváth, Roman; Jonášová, Júlia - 2014

We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...

Persistent link: https://www.econbiz.de/10010461227

Whatever it takes to save the planet? : central banks and unconventional green policy

Ferrari, Alessandro; Nispi Landi, Valerio - 2020

We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance …

Persistent link: https://www.econbiz.de/10012384477

What explains the growing global demand for cash?

Shirai, Sayuri; Sugandi, Eric Alexander - 2019

is prevalent even in advanced economies, notwithstanding that the public normally has had full access to bank accounts … residents to bank accounts and/or other non-bank cashless payment services. This paper first focuses on the time … 2000-2018 was performed. The paper found that the opportunity cost proxied by the central bank policy rates and age …

Persistent link: https://www.econbiz.de/10012101636

Implementing Monetary Policy

Walsh, Carl E. - 2011

During the past three years, central banks have faced challenges that few foresaw during the period known as the Great Moderation. During the crisis, central banks have responded with traditional interest rate tools, been forced to deal with the zero lower bound on nominal interest rates, and...

Persistent link: https://www.econbiz.de/10014175144

Too Many Cooks? Committees in Monetary Policy

Berger, Helge; Nitsch, Volker - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10014218723

Building the Foundations for a New Central Bank Doctrine : Redefining Central Banks’ Missions in the 21st Century

Pichet, Eric - 2013

dangers of actions exceeding certain limits. It specifically focuses on the European Central Bank’s much-debated intervention …

Persistent link: https://www.econbiz.de/10014160305

Central Banks and Climate Change : Mission Impossible?

Cullen, Jay - 2022

existing central bank powers to tackle climate change will fail. From a positivist perspective at least – and contrary to the … legislators to expand the central bank toolkit to equip them for tackling climate change suffer from deep conceptual and practical …

Persistent link: https://www.econbiz.de/10014076535

Central Bank Communication with the General Public : Promise or False Hope?

Blinder, Alan S.; Ehrmann, Michael; Haan, Jakob de; … - 2022

. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and …

Persistent link: https://www.econbiz.de/10014079351