منابع مشابه
Stock Market Uncertainty and the Analysis of Monetary Policy shock
Policy makers impose policies to improve economy circumstance in order to achieve economic goals. However, the consequence of these policies along with the intended goals will also influence expectations, fluctuations, etc., and cause changes in levels of uncertainty. The important role of the stock market in the economy, makes it important to examine its uncertainty and its interaction with mo...
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After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and prevention of the financial instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period 1992:q2...
متن کاملMarket Deregulation and Optimal Monetary Policy in a Monetary Union
The global crisis that began in 2008 reheated the debate on market deregulation as a tool to improve economic performance. This paper addresses the consequences of increased flexibility in goods and labor markets for the conduct of monetary policy in a monetary union. We model a two-country monetary union with endogenous product creation, labor market frictions, and price and wage rigidities. W...
متن کاملCommentary: Monetary Policy and Asset Market Volatility
Bernanke and Gertler offer an excellent paper on guidelines for monetary policy. Much is to be learned, and when they get close to the key issue: Should the Fed crash asset market bubbles? Their firm nomodel and simulation-basedoffers great comfort to received wisdom. I have learned a lot from the paper and their broader research effort (see Clarida, Gali, and Gertler (1999) and the refer...
متن کاملL Abor Market Regimes and Monetary Policy
In this paper we propose straightforward extensions of multi-union, monopolistic competition models appearing in the recent literature on the macroeconomic effects of monetary policy. We extend these models from the Stackelberg equilibrium to the Nash equilibrium under variations in labor market regime in order to evaluate propositions about non-neutrality of monetary policy. JEL Classification...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3382363