Journal of Money, Credit and Banking
SSCI-ISI SCOPUS (1996-2023)
1538-4616
0022-2879
Mỹ
Cơ quản chủ quản: Wiley-Blackwell , WILEY
Lĩnh vực:
FinanceEconomics and EconometricsAccounting
Các bài báo tiêu biểu
Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower BoundThis paper employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. We show that such a model offers an excellent description of the data compared to the benchmark model and can be used to summarize the macroeconomic effects of unconventional monetary policy. Our estimates imp... ... hiện toàn bộ
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Why Has U.S. Inflation Become Harder to Forecast?We examine whether the U.S. rate of price inflation has become harder to forecast and, to the extent that it has, what changes in the inflation process have made it so. The main finding is that the univariate inflation process is well described by an unobserved component trend‐cycle model with stochastic volatility or, equivalently, an integrated moving average process with time‐varying pa... ... hiện toàn bộ
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Credit and Banking in a DSGE Model of the Euro AreaThis paper studies the role of credit supply factors in business cycle fluctuations using a dynamic stochastic general equilibrium (DSGE) model with financial frictions enriched with an imperfectly competitive banking sector. Banks issue collateralized loans to both households and firms, obtain funding via deposits, and accumulate capital out of retained earnings. Loan margins depend on th... ... hiện toàn bộ
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