Haku
Viitteet 1-2 / 2
Yield Curve Control
(28.05.2020)
BoF Economics Review 5/2020
BoF Economics Review 5/2020
We study the yield curve control in Eurozone. We apply Chen, Cúrdia and Ferrero (2012) model that uses a financial friction to break Wallace’s neutrality. We calibrate a bond supply shock that corresponds to the observed ...
How Effective is the Taylor rule? : Some Insights from the Time-Frequency Domain
(19.02.2020)
BoF Economics Review 1/2020
BoF Economics Review 1/2020
When the central bank sets monetary policy according to a conventional or modified Taylor rule (which is known as the Taylor Principle), does this deliver the best outcome for the macroeconomy as a whole? This question is ...