Author(s): Sebnem Kalemli-Ozcan Date: October 2019 Abstract: I show that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies. The monetary policy of the U.S. affects domestic credit costs in other countries through its effect on global investors’ risk perceptions. Capital flows in and out of emerging market[…]
Author(s): Ricardo Lagos, Shengxing Zhang Date: October 2019 Abstract: We study the transmission of monetary policy in credit economies where money serves as a medium of exchange. We find that-in contrast to current conventional wisdom in policy-oriented research in monetary economics-the role of money in transactions can be a powerful conduit to asset prices and[…]
Author(s): Rong Fu, Jeremy Lawson, Carolina Martinez, Abigail Watt Date: October 2019 Abstract: Assessing financial conditions in China is challenging given the wide range of conventional and unconventional policy tools the authorities wield to influence economic and market variables. We utilise principal component analysis to construct a new index that captures the most important policy[…]
CfP Deadline Date: January 15, 2020 Conference Event: June 4 – 7, 2020 postponed to August 6-9, 2020 Event Location: Conference Center of the Mediterranean Agronomic Institute of Chania, Greece Keynote speaker(s): Rama Cont, University of Oxford, UK Luigi Guiso, Einaudi Institute for Economics and Finance, Italy Jean-Charles Rochet, University of Geneva, Switzerland Organizer(s): the[…]