Essays about: "Monetary Transmission Mechanism"

Showing result 1 - 5 of 14 essays containing the words Monetary Transmission Mechanism.

  1. 1. Using FAVAR Model to Test the Credit Channel Monetary Policy Transmission Mechanism in Long-term Credit Cycle

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Zhihao Fu; [2020]
    Keywords : Monetary policy transmission mechanism; enterprise balance sheet channel; bank credit channel; FAVAR model; VAR model;

    Abstract : In this paper, based on the FAVAR model created by Ben Bernanke, 115 groups of economic variables' data from January 1959 to December 2014 were selected for the empirical analysis. From January 1959 to August 2008, the fed funds rate was used to work as the indicator of the monetary policy. READ MORE

  2. 2. Housing Finance and the Transmission of Mortgage Spread Shocks

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Denise Hansson; [2020]
    Keywords : Mortgage spread; credit supply; housing demand; monetary policy; business cycle;

    Abstract : Credit market frictions, captured by mortgage spreads, are potentially an equally important driver behind mortgage rate innovations as monetary policy. Possibly a significant driver of business cycles. Yet, the effect of such shocks on the economy has barely received any attention in empirical research. READ MORE

  3. 3. Potential implications of the introduction of CBDC for the conduct of monetary policy and the preservation of financial and monetary stability : A case study of the Central Bank of Sweden

    University essay from KTH/Industriell ekonomi och organisation (Inst.)

    Author : Iryna Gnatenko; [2020]
    Keywords : CBDC; unconventional monetary policy; central bank; digital money; Sweden; CBDC; digital centralbanksvaluta; okonventionell penningpolitik; centralbank; digitala pengar; Sverige;

    Abstract : The past decade has offered up some fintech innovations that are gradually reshaping the financial sector. Phasing out of paper currencies together with the populatization of the private digital currencies has propelled central banks to consider issuance of their digital currencies – so called Central Bank Digital Currency (CBDC). READ MORE

  4. 4. The effect of Housing in the Monetary Transmission Mechanism of Consumption in Euro Countries

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Rasmus Löfström; [2019]
    Keywords : Housing; Consumption; Monetary transmission mechanism; Business and Economics;

    Abstract : This paper examines the indirect effect housing plays in the monetary transmission mechanism (MTM) of consumption. This is done by following the method of Giuliodori (2005) and estimating structural vector autoregressive models (SVAR) for 16 developed countries, from the first quarter of 1970 to the last quarter of 2018. READ MORE

  5. 5. Empirical evidence of stock return predictability using macroeconomic variables

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jonatan Gustafsson; Carl Ferm; [2018]
    Keywords : Granger Causality; Predictive Regressions; Trading Strategies; Macroeconomic Variables; Repo Rate;

    Abstract : We investigate whether macroeconomic variables can predict returns of the OMXS30 index in the short run, and if an investor can generate abnormal profits from using the variables with significant predictive power. Granger causality tests, along with a predictive OLS regression framework show that the first difference of the repo rate and the log difference in exchange rates significantly Granger cause stock returns on the Swedish market. READ MORE