Browsing by Subject "Monetary Policy"

Now showing items 1-14 of 14

    • Essays in monetary policy conduction and its effectiveness: monetary policy rules, probability forecasting, central bank accountability, and the sacrifice ratio 
      Gabriel, Casillas Olvera, (Texas A&M University, 2004-11-15)
      Monetary policy has been given either too many positive attributes or, in contrast, only economy-disturbing features. Central banks must take into account a wide variety of factors to achieve a proper characterization of ...
    • Essays on macroeconomics and forecasting 
      Liu, Dandan (Texas A&M University, 2006-10-30)
      This dissertation consists of three essays. Chapter II uses the method of structural factor analysis to study the effects of monetary policy on key macroeconomic variables in a data rich environment. I propose two structural ...
    • Essays on Monetary Policy and House Prices 
      Choo, Dongho (2023-08-07)
      The first chapter revisits Romer and Romer's (2004) narrative identification approach to monetary policy shocks by allowing a monetary authority to respond systematically to corporate credit spreads and real house price ...
    • Essays on Welfare Improving Role of Monetary and Fiscal Policy 
      Hazra, Devika (2014-08-11)
      The dissertation comprises of three essays that analyze the impact of monetary and fiscal policies on various aspects of the economy. Both types of policies affect the welfare of agents by influencing factors that affect ...
    • Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence 
      Sekhposyan, Tatevik; Hoesch, Lukas; Rossi, Barbara (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-03-10)
      Does the Federal Reserve have an “information advantage� in forecasting macroeconomic variables beyond what is known to private sector forecasters? And are market participants reacting only to monetary policy shocks ...
    • Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence 
      Sekhposyan, Tatevik; Hoesch, Luka; Rossi, Barbara (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-04-30)
      Does the Federal Reserve have an “information advantage� in forecasting macroeconomic variables beyond what is known to private sector forecasters? And are market participants reacting only to monetary policy shocks ...
    • The Identification of Response of Stock Returns to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks 
      Jansen, Dennis W.; Tsai, Chun-Li (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-08-11)
      The authors investigate two related approaches to dealing with the possible joint repsonse bias in using Kuttner's approach to identifying monetary policy's impact on stock returns - the methodology recently suggested by ...
    • Inflation targeting in emerging countries: the exchange rate issues 
      Reyes Altamirano, Javier Arturo (Texas A&M University, 2004-09-30)
      The current discussion of Inflation Targeting (IT) in emerging economies deals with the effects that nominal exchange rate movements have on the overall inflation rate. The literature has focused in the analysis of the ...
    • The Interaction of Debt and Monetary Policy; What Does State-Level Data Say? 
      Parsley, Hayden (2017-04-24)
      I examine how monetary policy has various effects for states across the U.S. depending on the state's level of household indebtedness. Using panel regressions, I find that monetary policy has smaller stimulative effects ...
    • Money and Banking When Reserves Pay Interest 
      Saving, Thomas R. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-04-09)
      The Federal Reserve’s decision in 2008 to begin paying interest on bank reserves, particularly excess reserves (the IOER), has changed the role of the banking system and the determination of the nation’s money supply. ...
    • State Dependence of Monetary Policy Across Business, Credit and Interest Rate Cycles 
      Alpanda, Sami; Granziera, Eleonora; Zubairy, Sarah (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2020-04-28)
      In this paper, PERC Professor Sarah Zubairy, along with co-authors Sami Alpanda and Eleonora Granziera study how phases of the business, credit and interest rate cycles affect the transmission of monetary policy using ...
    • The Time Varying Effect of Monetary Policy Surprise on Stock Returns: Bursting Bubble Beating Forward Guidance 
      Jansen, Dennis W.; Zervou, Anastasia S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-09-01)
      Generally, stock prices react negatively to unanticipated and restrictive monetary policies. In PERC Working Paper 1505, Jordan Professor of Economics, Dennis W. Jansen, and Anastasia S. Zervou test to what extent surprises ...
    • Tradeoffs for Downside Risk-Averse Decision-Makers and the Self-Protection Decision 
      Liu, Liqun; Denuit, Michel; Eeckhoudt, Louis; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-09-01)
      Agents who are averse to increases in downside risk are defined as being averse to changes that shift a certain amount of risk to a lower income level. For downside risk averse decision makers, there are several tradeoffs ...
    • Two essays on monetary policy under the Taylor rule 
      Suh, Jeong Eui (Texas A&M University, 2005-11-01)
      In this dissertation, two questions concerning monetary policy under the Taylor rule have been addressed. The first question is on, under the Taylor rule, whether a central bank should be responsible for both bank ...