Does monetary policy have asymmetric effects on stock returns?(Author...

Journal of Money, Credit & Banking;  March 1, 2007 ;     700+ words ......and financial economists of whether monetary policy affects stock returns. A number of...empirically investigated the effects of monetary policy on stock returns. Using money aggregate...stock returns lag behind changes in monetary policy; for instance, see Keran (1971), Homa...

Monetary Policy and the Well-Being of the Poor.

Economic Review (Kansas City);  January 1, 1999 ;     700+ words ......central concern. At the same time, monetary policy is one of the modern age's most potent...importance of poverty' and the influence of monetary policy, it is natural to ask if monetary policy can be used as a tool to help the poor...

Monetary policy under a quasi-fixed exchange rate regime. The case of...

Banca Nazionale del Lavoro Quarterly Review;  December 1, 1999 ;     700+ words ...Monetary policy under a quasi-fixed exchange rate...years, the major objective of French monetary policy has been widely described as decreasing...exchange rate precludes independent monetary policy, but the European Monetary System...

Taking stock: monetary policy transmission to equity markets.(analysis)

Journal of Money, Credit & Banking;  August 1, 2004 ;     700+ words ......emphasized that, in particular, monetary policy can change this ratio. This...the stock market channel of monetary policy transmission. Tobin's argument...was that a tightening of monetary policy, which may result from an...

Can inflation targeting be a framework for monetary policy in developing...

Finance & Development;  March 1, 1998 ;     700+ words ......adoption of inflation targeting as a monetary policy framework has enhanced transparency...adopted a framework for carrying out monetary policy that became known as inflation targeting...had encountered in conducting their monetary policy using an exchange rate peg or some...

Has Monetary Policy Been So Bad That It Is Better to Get Rid of It? The...

Journal of Money, Credit & Banking;  May 1, 2001 ;     700+ words ......generally hold the view that domestic monetary policy has been the primary cause for...have tried to identify the role of monetary policy. The existing empirical literature on Mexican monetary policy consists mainly of single equation...

Monetary policy and the term structure of interest rates in Japan.

Journal of Money, Credit & Banking;  February 1, 2006 ;     700+ words ......between the Japanese yield curve and monetary policy. In the 1980s and 1990s average bond...understanding the contribution of monetary policy to these movements in the yield curve...questions about the effectiveness of monetary policy under a zero nominal interest rate...

Monetary policy in a low inflation environment

Economic Quarterly - Federal Reserve Bank of Richmond;  April 1, 2003 ;     700+ words ......opportunity to comment on conducting monetary policy in a low inflation environment. I...persist, which together constitute the monetary policy equivalent of finding the Holy Grail...several key aspects of the evolution of monetary policy over the last thirty years. To appreciate...

Monetary policy in a Markov-switching vector error-correction model:...

Journal of Business & Economic Statistics;  July 1, 2005 ;     700+ words ...Monetary policy vector autoregressions (VARs) typically...error-correction term to switch. We find that monetary policy alternates between sustaining long-r...implications for disinflationary monetary policy and can explain the variety of sacrifice...

Monetary policy frameworks--Norges Bank in the light of the literature and...

Economic Bulletin;  December 1, 2007 ;     700+ words ......years have brought major changes in monetary policy, in Norway and abroad. Most central...stability is the common objective of monetary policy. The organisation of the monetary policy decision within central banks has also...

Independent Review of the Operation of Monetary Policy in New Zealand.

The Reserve Bank of New Zealand;  March 1, 2001 ;     700+ words ......Government announced that the New Zealand monetary policy framework would be reviewed. Professor...on www.monpolreview.govt.nz - the monetary policy review website, and on www.rbnz.govt...invited me to review the operation of monetary policy in New Zealand and provided me with...

CHAIRMAN BERNANKE SPEAKS AT FOURTH ECONOMIC SUMMIT, STANFORD INSTITUTE FOR...

US Fed News Service, Including US State News;  March 2, 2007 ;     700+ words ......California GLOBALIZATION AND MONETARY POLICY My topic this evening is the...globalization" for short-for U.S. monetary policy. At the broadest level, globalization influences the conduct of monetary policy through its powerful effects...

Fiscal and Monetary Policy: Conference Summary

Economic Review - Federal Reserve Bank of San Francisco;  January 1, 2006 ;     700+ words ......presented at a conference on "Fiscal and Monetary Policy" held at the Federal Reserve Bank...explore issues related to fiscal and monetary policy and their interaction. The papers...of long-term bond rates to estimate monetary policy reaction functions. Several of the...

monetary policy

A Dictionary of Economics;      218 words ...monetary policy The use by the government or central...influence the economy. The target of monetary policy may be the achievement of a desired...the balance of payments. Methods of monetary policy include setting the interest rate...

Canadian fiscal and monetary policy and macroeconomic performance...

Journal of Canadian Studies;  April 1, 1997 ;     700+ words ......the economy grew with the support of monetary policy and deficits declined. After 1988 monetary policy shifted to pursue a target of zero...The Mulroney government's record on monetary policy, however, provides an interesting...