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 ...
Fiscal Stabilization in the United States : Lessons for Monetary Unions
(12.09.2019)
BoF Economics Review 6/2019
BoF Economics Review 6/2019
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, ...