Essays about: "monetary policy transmission channel"

Showing result 1 - 5 of 12 essays containing the words monetary policy transmission channel.

1. 1. An Empirical Study of Monetary Policy Transmission Through Floating Rate Corporate Debt

   University essay from Göteborgs universitet/Graduate School

   Author : BEHZAD JAWAN BAKHSH; DENNIS MUTISO MULI; [2023-06-29]
   Keywords : Monetary policy surprise; Monetary policy transmission; Cash flow channel; Fed; Federal Open Market Committee; Forward guidance; SEC filings; Hedging; Bank Debt; Floating rate debt;

   Abstract : Considering the contemporary shift in the interest rate regime and the high levels of corporate debt in the US market, we show that monetary policy surprises have an impact on stock returns. This impact is dominated by a surprise in Fed forward guidance. READ MORE

3. 2. Wealth Redistribution through Balance Sheet Revaluations - Evidence from Norway

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Gustav Sundén; [2023]
   Keywords : Inequality; Wealth; Monetary Policy; Inflation; Household Heterogeneity; Business and Economics;

   Abstract : This thesis investigates the impact of fluctuations in inflation, monetary policy, and oil prices on the balance sheets of Norwegian households across the wealth distribution. Using a Bayesian Structural Vector Autoregression model, this study simulates the shocks and assesses their transmission through the unexpected inflation and portfolio composition channel throughout the wealth distribution. READ MORE

4. 3. Decomposing the Consumption Response to Monetary Policy Shocks in Australia

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Jessica Geraghty; [2022]
   Keywords : Consumption; Household heterogeneity; Income distribution; Marginal propensity to consume; Monetary policy transmission;

   Abstract : Does monetary policy affect households differently depending on their position on the income distribution? If so, what drives the differences? This paper attempts to answer these questions by decomposing changes in consumption following a monetary policy shock into several direct and indirect channels of transmission. Although direct channels of transmission are the most important in traditional representative agent models, the indirect channels are dominant when households are heterogeneous. READ MORE

5. 4. Wage Rigidities, Monetary Policy and Inequality: Insights from a three-agent New Keynesian model

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Tamar Den Besten; [2022]
   Keywords : monetary policy; new keynesian models; household heterogeneity; inequality; nominal wage rigidities;

   Abstract : In this thesis, I use a three-agent New Keynesian (THRANK) dynamic stochastic general equilibrium model, which features poor-, wealthy- and non-hand-to-mouth (HtM) households. I augment the model by introducing nominal wage rigidities to account for empirical evidence regarding wages and profits. READ MORE

6. 5. ECB and U.S Monetary Policy Spillovers to Sweden: : Transmissions Channels and the Effects of Central Bank Information Bias/Unconventional Monetary Policy

   University essay from Uppsala universitet/Nationalekonomiska institutionen

   Author : Ludvig Mannerson; [2021]
   Keywords : ;

   Abstract : This paper revisits the transmission of ECB and U.S Fed monetary policy to Sweden by usingrecently developed measures of ECB and Fed monetary policy shocks, corrected for the centralbank information element. To analyze the spillovers of foreign monetary policy to Sweden Irely on the Local Projections methodology. READ MORE