Kinh doanh - Marketing
Kinh tế quản lý
Biểu mẫu - Văn bản
Tài chính - Ngân hàng
Công nghệ thông tin
Tiếng anh ngoại ngữ
Kĩ thuật công nghệ
Khoa học tự nhiên
Khoa học xã hội
Văn hóa nghệ thuật
Sức khỏe - Y tế
Văn bản luật
Nông Lâm Ngư
Kỹ năng mềm
Luận văn - Báo cáo
Giải trí - Thư giãn
Tài liệu phổ thông
Văn mẫu
Giới thiệu
Đăng ký
Đăng nhập
Tìm
Danh mục
Kinh doanh - Marketing
Kinh tế quản lý
Biểu mẫu - Văn bản
Tài chính - Ngân hàng
Công nghệ thông tin
Tiếng anh ngoại ngữ
Kĩ thuật công nghệ
Khoa học tự nhiên
Khoa học xã hội
Văn hóa nghệ thuật
Y tế sức khỏe
Văn bản luật
Nông lâm ngư
Kĩ năng mềm
Luận văn - Báo cáo
Giải trí - Thư giãn
Tài liệu phổ thông
Văn mẫu
Thông tin
Điều khoản sử dụng
Quy định bảo mật
Quy chế hoạt động
Chính sách bản quyền
Giới thiệu
Đăng ký
Đăng nhập
0
Trang chủ
Tài Chính - Ngân Hàng
Ngân hàng - Tín dụng
Monetary Policy in the Eurozone: Evaluating the European Central Bank’s interest rate decisions and the needs of member states using a Taylor rule
Đang chuẩn bị liên kết để tải về tài liệu:
Monetary Policy in the Eurozone: Evaluating the European Central Bank’s interest rate decisions and the needs of member states using a Taylor rule
Ðông Dương
57
41
pdf
Đang chuẩn bị nút TẢI XUỐNG, xin hãy chờ
Tải xuống
Our results suggest that both monetary policy and capital in ows shocks have a signi cant and positive effect on house prices, credit to the private sector and residential investment. The effects of both shocks are greater in countries with a higher degree of mortgage market development, with the effect of monetary policy shocks roughly doubling. This suggests that excessive nancial innovation may act as a propagation mechanism. The existence of mortgage-backed securities has a much larger effect on the transmission of capital in ows shocks. Legislation permitting the issuance of mortgage-backed securities increases the impact of capital in ows shocks on real house prices, real residential investment and real credit. | Monetary Policy in the Eurozone Evaluating the European Central Bank s interest rate decisions and the needs of member states using a Taylor rule Tejasvi TJ Srivangipuram University of California Berkeley Department of Economics Undergraduate Honors Thesis Thesis Advisor Professor Maurice Obstfeld Abstract The policies of the European Central Bank and its limitations have been at the core of a debate over the viability of the Eurozone that has only intensified during the area s current economic crisis. What is the significance of one size does not fit all This paper studies the monetary policy decisions of the European Central Bank and how well they suit the needs of the member states using a basic Taylor Rule. It then investigates the impacts of these differentials on the various different crises that are plaguing the Euro area. Acknowledgements I would like to thank Professor Obstfeld for his valuable insight advice and guidance throughout my work on this thesis. Srivangipuram 1 I. Introduction Since the creation of the Euro in 1999 there has been a longstanding debate about the effects of the monetary union on its member countries. The recent economic crisis has intensified this debate and the questioning of the long-term viability of the Eurozone as the prospect of a breakup of the euro is increasingly viewed as possible. 1 While the potential fiscal and political causes of the Eurozone s current predicament are important in analyzing the state of Europe s economies focusing on the arenas of monetary policy and European Central Bank decision making may also provide valuable insights regarding Europe s recent concerns. One major question is whether the European Central Bank s policies are optimal for all the countries in the Eurozone or if they disproportionately favor certain countries in the monetary union at the expense of others. For example last year s decision to increase the interest rate led to criticism that the ECB is tightening when only Germany even
TÀI LIỆU LIÊN QUAN
The role of fiscal policy and monetary policy in environmental degradation in Indonesia
Lecture notes for Monetary policy
Review of 2011 monetary policy and orientations for 2012
Investigating monetary policy dynamics in Nigeria: The role of private investment
Power of monetary policy in fighting against the long-term high inflation an analysis based on taylor rule for the case of Vietnam
Empirical test on impact of monetary policy and fiscal policy on Vietnam stock market
Monetary policy implementation in the context of international integration during the period 2011-2020
Instruments of monetary and credit policy in terms of economic instability
The monetary policy stance index in Vietnam
Accounting undergraduate Honors theses: Essays on monetary policy rules and inflation dynamics
crossorigin="anonymous">
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.