Monetary policy in the context of the financial crisis : new challenges and lessons / edited by William A. Barnett, Fredj Jawadi.
ISETE 24 analyses monetary policies and central bank actions in the context of the recent global financial crisis. Part 1 discusses standard monetary policies and inflation targeting rules. Part II debates the effects of these policies and contrasts with the possible introduction of non-conventional...
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Other Authors: | , |
Format: | eBook |
Language: | English |
Published: |
Bingley, UK :
Emerald Group Publishing Limited,
2015.
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Edition: | First edition. |
Series: | International symposia in economic theory and econometrics ;
24. |
Subjects: |
MARC
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245 | 0 | 0 | |a Monetary policy in the context of the financial crisis : |b new challenges and lessons / |c edited by William A. Barnett, Fredj Jawadi. |
250 | |a First edition. | ||
264 | 1 | |a Bingley, UK : |b Emerald Group Publishing Limited, |c 2015. | |
300 | |a 1 online resource. | ||
336 | |a text |b txt |2 rdacontent. | ||
337 | |a computer |b c |2 rdamedia. | ||
338 | |a online resource |b cr |2 rdacarrier. | ||
347 | |a data file. | ||
490 | 1 | |a International symposia in economic theory and econometrics ; |v 24. | |
504 | |a Includes bibliographical references. | ||
505 | 0 | |6 880-01 |a Front Cover; Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons; Copyright page; Contents; List of Contributors; Editorial Advisory Board Members; Introduction; References; Acknowledgment; 1 Adoption of Inflation Targeting and Economic Policies Performance in Emerging Countries: A Dynamic Treatment Effe ... ; 1 Introduction; 2 Literature Review; 3 Data and Stylized Facts; 4 Methodology; 4.1 The Propensity Score Matching Method; 4.2 The Time-Varying Treatment Effect; 4.3 Treatment, Result, and Conditioning Variables; 4.3.1 Treatment versus Outcome Variables. | |
505 | 8 | |a 4.3.2 The Conditioning Variables5 Results; 5.1 Intertemporal Estimation of Propensity Scores; 5.2 The Results of Matching; 6 Conclusion and Policy Implications; Acknowledgments; References; Appendix A: Stylized Facts; Appendix B: Variables Definitions and Sources; Appendix C: Descriptive Statistics; 1st Interaction; 2nd Interaction; 2 Careful Price Level Targeting; 1 Introduction; 2 The Model; 3 Partial Commitment in Practice; 4 Conclusion; References; 3 Are Price Dynamics Homogenous across Emerging Europe? Empirical Evidence from Panel Data; 1. Introduction. | |
505 | 8 | |a 2. Empirical Specification and Data2.1. Theoretical Aspects; 2.2. Econometric Specification; 2.3. Variables and Data; 3. Results and Discussion; 3.1. Exploring Cross-Sectional Dependence and Panel Stationarity; 3.2. Pooled Mean Group Results; 3.3. Robustness Checks; 4. Conclusion; References; 4 The Global Component of Local Inflation: Revisiting the Empirical Content of the Global Slack Hypothesis with Bay ... ; 1 Introduction; 2 A Model of Inflation Determination in the Global Economy; 2.1 Building Blocks of the NOEM Model; 2.1.1 Households; 2.1.2 Firms; 2.1.3 Monetary Policy. | |
505 | 8 | |a 2.2 The Workhorse NOEM Model2.3 The Frictionless Model; 2.4 The Deterministic Steady State; 3 Bayesian Estimation: Bringing Data to Discipline the Theory; 3.1 Variables and Data; 3.1.1 Observables for Estimation; 3.1.2 Mapping the Observable Data to Model Variables; 3.2 Eliciting Priors; 3.2.1 Structural Parameters; 3.2.2 Parameters of the Shock Processes; 4 Understanding Local Inflation in an Open-Economy Setting; 4.1 The Global Component of Local Inflation; 4.1.1 The World or Global Economy System; 4.1.2 The Cross-Country Difference System. | |
505 | 8 | |a 4.2 Empirical Findings: What Matters Most for Local Inflation?4.2.1 Posterior Distributions; 4.2.2 Bayesian IRFs; 4.2.3 Bayesian Forecasts; 5 Concluding Remarks; Acknowledgments; References; Appendix: Proofs; Proof of Proposition 1.; 5 Pass-Through of Exchange Rate Shocks to Prices in the Euro Area: Evidence from Pricing Chain Model; 1. Introduction; 2. ERPT in EA Countries: Overview of VAR Studies; 3. Empirical Methodology; 4. Data Selection and Their Properties; 5. Empirical Results; 5.1. Responses to Exchange Rate Shocks; 5.1.1. Impulse Responses Analysis; 5.1.2. Factors Influencing ERPT. | |
520 | |a ISETE 24 analyses monetary policies and central bank actions in the context of the recent global financial crisis. Part 1 discusses standard monetary policies and inflation targeting rules. Part II debates the effects of these policies and contrasts with the possible introduction of non-conventional monetary policies. | ||
588 | 0 | |a Vendor-supplied metadata. | |
650 | 0 | |a Monetary policy. | |
650 | 0 | |a Monetary policy |x Econometric models. | |
650 | 0 | |a Global Financial Crisis, 2008-2009. | |
650 | 7 | |a Monetary policy. |2 fast |0 (OCoLC)fst01025230. | |
650 | 7 | |a Monetary policy |x Econometric models. |2 fast |0 (OCoLC)fst01025234. | |
700 | 1 | |a Barnett, William A., |e editor. | |
700 | 1 | |a Jawadi, Fredj, |e editor. | |
776 | 0 | 8 | |i Print version: |a Barnett, William A. |t Monetary Policy in the Context of the Financial Crisis : New Challenges and Lessons. |d Bradford : Emerald Group Publishing Limited, ©2015 |z 9781784417802. |
830 | 0 | |a International symposia in economic theory and econometrics ; |v 24. | |
856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/ucb/detail.action?docID=2084932 |z Full Text (via ProQuest) |
880 | 8 | |6 505-01/(S |a 5. Robustness Analysis -- 5.1. Actual and Perceived Taylor Rules with Consensus Forecasts -- 5.2. Actual and Perceived Taylor Rules with an Alternative Forecast Horizon -- 5.3. Augmented Taylor Rules -- 6. A Three Regimes Switching Model -- 7. Conclusion -- Acknowledgments -- References -- Appendix -- Variables Used in the Estimations -- Unit Root and Stationarity Tests -- Fitted Policy Rates of the Baseline Model -- Augmented Taylor Rules with a One-Year Forecast Horizon -- A Three Regimes Switching Model with a One-Year Forecast Horizon -- 9 International Trade Imbalance: The Amplification of Monetary Policy Effects through Financial Markets -- 1 Introduction -- 1.1 Global Trade Imbalance -- 1.2 Differences in the Development of Financial Markets across Countries -- 1.3 Differences in Exchange Rate and Monetary Policy across Countries -- 2 Survey of Literature -- 3 The Basic Model -- 3.1 The Basic Environment -- 3.1.1 Currency Demand -- 3.1.2 Monetary Policy -- 3.1.3 The Incompleteness of Financial Markets -- 3.2 Consumer Optimization -- 3.3 Stationary Equilibrium -- 4 Quantitative Analysis -- 4.1 The Set of Parameters -- 4.2 Benchmark Model: The Influence of Different Monetary Policy Combinations on Agent Behavior -- 4.3 The Influence of Incomplete Capital Markets on the Effects of Monetary Policy Combination Two under Equal Φ Values in B ... -- 4.4 Differential Incompleteness of Capital Markets and Consumption/Investment in Two Countries -- 5 Conclusion -- References -- Appendix A: Equivalent Model -- Appendix B: Computational Procedure -- 10 Modern Monetary Rules: Any Role for Financial Targeting-- 1 Introduction -- 2 Motivation and Literature Review -- 3 Monetary Rules under the Basic Scenario -- 3.1 The IS Curve -- 3.2 The Phillips Curve -- 3.3 The Banking Sector Curve -- 3.4 Performance of the Monetary Rules. | |
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