Browsing by Subject "central bank"
Now showing items 1-2 of 2
-
Achieving sustainable financial transactions under regimes without a central bank—an intertemporal comparison
(2021)In this paper, by performing an intertemporal comparison, we investigate two monetary policy regimes where a central bank is absent, and we further refer on the mechanisms they developed so as to ensure the reliability of ... -
The impact of unconventional monetary policy in the euro area. Structural and scenario analysis from a Bayesian VAR
(2021)This paper employs a medium scale Bayesian VAR model to provide a rich picture of the transmission of unconventional monetary policy (UMP) shocks in various dimensions of the economy, and to shed light on the appropriate ...