Essays about: "zero lower bound"

Showing result 1 - 5 of 21 essays containing the words zero lower bound.

  1. 1. Let's get fiscal!

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : David Grahn; Stefania Mammos; [2022]
    Keywords : Fiscal policy; zero lower bound; private consumption; durable goods; non-durable goods; government spending; BSVAR; Business and Economics;

    Abstract : This thesis studies the effect on private consumption and its components by durability, following an exogenous shock to government spending, in Denmark and Sweden. In order to compare the outcomes when being at the zero lower bound (ZLB) or not, the quarterly data ranging from 1995 to 2020, is split into two sub-samples. READ MORE

  3. 2. Determinants of Inflation - Evidence from Sweden

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Gustav Sundén; Emanuel Skeppås; [2022]
    Keywords : Bayesian Vector Autoregression; Structural Vector Autoregression; New Keynesian Phillips Curve; Inflation; Sign and Zero Restrictions; Business and Economics;

    Abstract : This thesis examines what have been the main drivers of inflation in Sweden in recent years. This is done through the New Keynesian Phillips Curve with marginal cost which serves as the theoretical background to explain inflationary behavior. READ MORE

  4. 3. Zero Rates and Zero Benefits?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Samuel Hederén; Sanjin Alagic; [2021]
    Keywords : Social Sciences;

    Abstract : Ever since the Great Recession in 2008, the effectiveness of monetary policy has been increasingly debated. Central banks in modern economies were forced to find new ways of conducting expansionary monetary policy beyond conventional methods, most notably through quantitative easing and forward guidance, as they were at, or very close to, the zero lower bound of nominal interest rates. READ MORE

  5. 4. Spillover Effects of Forward Guidance Shocks: How ECB Communication Influences Economic Outcomes in Neighboring Economies

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Ingrid Löfman; [2021]
    Keywords : Forward Guidance; Monetary Policy Spillover Effects; Central Bank Communication; Exchange Rates; Fear of Floating;

    Abstract : With policy rates at the zero lower bound, the ECB is increasingly relying on forward guidance to stimulate the economy. In this thesis paper, I show that the ECB's communication has important effects on economic outcomes both inside and outside of the eurozone. READ MORE

  6. 5. Houses, we have a problem!

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : David Grahn; Stefania Mammos; [2021]
    Keywords : Unconventional monetary policy; House prices; BSVAR; Cholesky decomposition; Zero and sign restrictions; Business and Economics;

    Abstract : This thesis investigated how expansionary unconventional monetary policies affect house prices in the Scandinavian countries, using quarterly data from 1995 to 2020. Unconventional monetary policy, such as quantitative easing and forward guidance, has become widely used by central banks, in order to stimulate the economy when being in a zero lower bound environment. READ MORE