[PDF] Top 20 The risk-taking channel of monetary policy

... test the existence of a risk-taking channel in a bank- based financial ...when policy interest rates are ...bank risk-taking on interest rates. However, to ... See full document

... was the risk-taking channel of monetary policy impacted by the European Central Bank’s (ECB) usage of unconventional monetary policy; and b) ... See full document

... identify monetary policy shocks and estimate their effects on stock ...exploit the information contained in hundreds of macroeco- nomic and financial time ...If the Federal Reserve and ... See full document

... Regarding the literature that focus on the effect of conventional and unconventional policy measures we can mention Pattipeilohy, et ...yields of government bonds for Ireland, Greece, ... See full document

... upon the work of GJ by including a MP series that accounts for the most recent developments in the literature, while still providing clear evidence to the possible misleading results ... See full document

... affect the intensity of ...On the one hand, one may conjecture that given the already higher level of risk in vulnerable countries, domestic investors would be less inclined to ... See full document

... above, the low-inflation environment derives from the fact that a large number of economies has been operating below potential, and aggregate demand has not been strong enough to close the ... See full document

... when the standard model is generalized to account for seasonal movements in output and ...sorts of frictions in the economy. But the very existence of these frictions mean that ... See full document

... While the main focus of the ECB was the sovereign debt crisis, European banks were suffering from difficulties during and after the financial ...banks the European ones had lower ... See full document

... “confidence channel” of fiscal policy and characterizes the optimal policy taking this channel into ...substitutes of private goods. This framework accommodates ... See full document

... fiscal policy in a small open economy, when agents have access to a limited set of ...Instead of the usual incomplete markets setting, where there is only a risk‐free asset available (a ... See full document

... that risk aversion is not significant regarding those investment ...factor of capital flows to NAE as the decisions of foreign agents in investing on those economies are positively related ... See full document

... to the literature that sprung after the paper by Gertler and Kiyotaki (2010) that presents a model to analyze the effects of a few unconventional monetary policies, as direct lending to ... See full document

... severe policy dilemma posed by a declining equilibrium real rate of ...In the presence of such a phenomenon, a central bank has two ...options. The first one is to recognize that ... See full document

... stabilize the monetary policy aims the attempts to take some measures aimed at a better budgetary discipline (The Tax Pact), the coordination of policies to mitigate ... See full document

... On the other hand, CEOs and executive compensation have recorded significant developments during the last five years in the ...UK. The evolution in executive directors’ remuneration has been ... See full document

... cycle of optimism and credit expansion a large number of market participants expect to obtain quite high rates of return in one or more asset ...in monetary policy is bound to be too ... See full document

... conventional monetary policy intervention methods are amended significantly when a major economic event, such as a financial crisis, an economic depression, or a war ...With the outburst of ... See full document

... After the successful stabilization under the Real Plan and the adoption of the inflation target system, there is no need for a system that distorts the whole yield curve or term ... See full document

... simple policy rules like the Taylor rule are only rules of thumb, and reasonable people can disagree about important details of the construction of such ...to the making ... See full document