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Uncovering heterogeneous regional impacts of Chinese monetary policy
This paper applies causal machine learning methods to analyze the heterogeneous regional impacts of monetary policy in China. The methods uncover the...
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Distributional Effects of Monetary Policy Shocks in China
The distributional outcomes of monetary policy have garnered increasing attention in recent years. While there has been significant progress on both...
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Evaluation of International Monetary Policy Coordination: Evidence from Machine Learning Algorithms
Being a critical for integrating of the global financial system, international monetary policy coordination deserves attention to offer timely and...
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The Impact of U.S. Monetary Policy on Foreign Firms
This paper uses cross-country firm-level data to explore the impact of U.S. monetary policy shocks on firms’ sales, investment, and employment. We...
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The impact of central bank digital currency on monetary policy effectiveness
The emergence of central bank digital currency (CBDC) is a historic event in the transformation of traditional legal monetary forms. Its issuance and...
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The non-linear impact of monetary policy on shifts in economic policy uncertainty: evidence from the United States of America
A stochastic volatility estimation of VIX index’s latent volatility is used for the United States of America, as a proxy for the adjustments in the...
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The Role of International Financial Integration in Monetary Policy Transmission
Motivated by empirical evidence, we propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to...
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Monetary policy instruments and inflation in Nigeria: a revisit of FAVAR
This paper revisits the potency of the Factor Augment Vector Autoregression (FAVAR) model in tracking the impact of monetary policy instruments on...
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Asymmetric effects of monetary policy: evidence from India
This paper analyzes the asymmetric effects of monetary policy on the economy. The asymmetric effects of the monetary policy may arise due to the...
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Unconventional monetary policy and the stock market
We use weekly changes in the size of the Federal Reserve’s balance sheet as a policy tool that has largely been ignored in the literature to...
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The effects of a green monetary policy on firms financing cost
The monetary policy operations of a central bank (CB) involve allocation decisions when purchasing assets and taking collateral. A green monetary...
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Monetary policy frameworks since Bretton Woods, across the world and its regions
The Comprehensive Monetary Policy Framework (CMPF) project, which considers de jure and de facto, domestic (money, inflation) and external (exchange...
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Heterogeneous consumption behaviors and monetary policy in three ASEAN economies
This paper aims to theoretically investigate how the presence of heterogeneous consumption behaviors, namely hand-to-mouth (HtM) and habit formation...
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Business cycles in the USA: the role of monetary policy and oil shocks
This paper examines the relative significance of oil supply, oil demand, and monetary policy shocks in explaining US macroeconomic variations. We...
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Reconsideration of modern monetary theory-type fiscal and monetary stabilization policy from a viewpoint of the dynamic Keynesian model
In this paper, we examine macroeconomic stability and instability of a dynamic Keynesian Model with a theoretical foundation of Modern Monetary...
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Bank capital channel of monetary policy: panel data evidence for India
The paper explores the first leg of monetary policy transmission via bank capital channel by studying the impact of monetary policy on equity capital...
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Nexus of Monetary Policy and Productivity in an Emerging Economy: Supply-Side Transmission Evidence from India
Monetary policy and its transmissions have been debated by various schools of thought. The purpose of this paper is to empirically tests whether...
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The redistributive politics of monetary policy
Monetary policy and institutions are far from exempt from political influences. In this paper, we analyze monetary institutions not as being run by...
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Asymmetric Impact of Monetary Policy on 10-Year G-Sec Yield in India
This paper examines the asymmetric impact of monetary policy on central government’s 10-year g-sec yield using a non-linear autoregressive...
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Simultaneous identification of fiscal and monetary policy shocks
This research contributes to the literature on the effects of fiscal and monetary policy by exploiting non-Gaussianity of the time series for the...
