Szukaj
Wyświetlanie pozycji 1-9 z 9
What makes a successful scientist in a central bank? Evidence from the RePEc database
(2021-04)
This research analyzes factors affecting scientific success of central bankers. We combine data from the RePEc and EDIRC databases, which contain information about economic publications of authors from 182 central banks. ...
Quantitative Easing in the US and Financial Cycles in Emerging Markets
(2021-03)
Large international capital movements tend to be associated with strong fluctuations in asset prices and credit, contributing to domestic financial cycles and posing challenges for stabilization policies, especially in ...
Crisis, contagion and international policy spillovers under foreign ownership of banks
(2016-03)
This paper checks how international spillovers of shocks and policies are modified when banks are foreign owned. To this end we build a two-country macroeconomic model with banking sectors that are owned by residents of ...
Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions
(2021-10)
The paper estimates macroeconomic effects and decomposes transmission channels of quantitative easing in the United States using 15-variable Bayesian vector autoregressive model with stochastic search variable selection ...
A Theory of The Procyclical Effectiveness of Forward Guidance
(2022-12)
I study the dependence of the forward guidance effectiveness on the level of economic slack. I use the model with price rigidities and uninsured unemployment risk and apply both analytical and numerical methods to study ...
Are Central Banks' Research Teams Fragile Because of Groupthink?
(2019-12)
In the recent years, the great majority of central banks have globally failed to realize inflation targets. We attempt to answer a question of whether such failure resulted from insufficient organization of economic research ...
On the limits of macroprudential policy
(2016-02)
This paper studies how macroprudential policy tools can complement the interest rate-based monetary policy in achieving a selection of dual stabilization objectives. We show analytically in a canonical New Keynesian model ...
Transmission of monetary policy and exchange rate shocks under foreign currency lending
(2017-08)
This paper analyses the differences in reaction of domestic and foreign currency lending to monetary and exchange rate shocks, using a panel VAR model estimated for three biggest Central and Eastern European countries ...
Quantitative Easing During the COVID-19 Pandemic: A Cross-Country Study
(2023-06)
This paper estimates the financial market and macroeconomic effects of central bank asset purchases (quantitative easing, QE) in 16 economies which have launched asset purchases for the first time in response to the COVID-19 ...