[PDF] Top 20 Threshold effects in monetary policy: evidence for the EMU

... shown in which circumstances cooperation appears from a heuristic process and how equilibrium endogenously emerges from the decentralized interactions of adaptive and autonomous ...avoid the burdens ... See full document

... Regarding the period before the recent financial crisis, Bondt (2002) presented evidence to- wards a faster transmission of market interest rates to bank retail rates following the creation of ... See full document

... addresses the subject of the monetary policy transmission mechanism by focusing on the asset price channel, which is the monetary transmission channel responsible for ... See full document

... whether the effects of the monetary policy on output are asymmetric by using the Wald statistics to test a set of null hypotheses of symmetry in the effects ... See full document

... Based on three versions of a small macroeconomic model for Brazil, this paper presents empirical evidence on the effects of parameter uncertainty on monetary policy rules and on the [r] ... See full document

... presents evidence on the interest channel of the monetary policy for the Brazilian economy of the ...by the monetary authority have real effects on ... See full document

... presented in the last section shows that default costs may in theory turn the e −R relationship upside down if Rb is above a certain threshold (a kind of fiscal dominance ...empirical ... See full document

... are the dominant theoretical matrixes of the original ...further evidence emerges of how EMU fiscal rules were designed to constrain member states’ ...Firstly, the pact was negotiated ... See full document

... that the effects of monetary policy on country risk are not constant in time, since they crucially depend on agents’ perception re- garding the probability of debt ...default. ... See full document

... with the design and imple- mentation of optimal monetary policy within the New Keynesian (NK) frame- ...are the analyses of Clarida, Gal´ı, and Gertler (1999), Woodford (2003), and ... See full document

... hindering the growth of our exports and the improvement of some of the ...imbalances. The European Union’s external context is also very difficult for an economy such as Portugal’s, which is ... See full document

... of the Bernanke and Blinder (1988) model. Basically, in the money market, we will assume that money equals deposits held at banks by the non-monetary ...for the demand function ... See full document

... The downward slope of inflation phenomenon, in whose depreciation the evolution of consumer price index, whose positive trend surprised the European Central Bank, [r] ... See full document

... tests in the literature so far were either incorrect or ...within the scope of rationality expectations hypothesis tests, a structure that encompasses tests at the individual level and at ... See full document

... of the casting process included heating the mould in 70°C, which caused water to ...Next, the mould parts were joined together and filled with an aluminum ...After the alloy solidified, ... See full document

... when the policy rate was consistently below the neutral rate – inflation ran above target for most of the ...that monetary policy was indeed set “too easy” during the ... See full document

... affects monetary policy in the Blanchard-Yaari framework with sticky ...wealth effects imply more aggres- sive policy responses to cost ...shocks. In addition, under white ... See full document

... 217 Financial Stability and Monetary Policy – The case of Brazil Benjamin M. Cajueiro[r] ... See full document

... al. The beneit of pretreatment esophageal screening with image-enhanced endoscopy on the survival of patients with hypopharyngeal ...of the oral cavity, larynx and pharynx (excluding ...of the ... See full document

... on the other hand, by explicitly using the principle of subsidiarity to explain why fiscal policy remains within the hands of national governments, the EU signalled the ... See full document