Negative interest rates

In sum, ECB’s current and expected future monetary policy surprises have substantial and statistically significant effects on interest rates and asset prices in two developed small

We explore the impact of low and negative monetary policy rates in core world economies on bank lending in four small open economies – Canada, Chile, the Czech Republic and Norway

Expansionary monetary policy at s = 2 (if effective) reduces default but fails to increse banks’ profits (Current Central Banks’ policy) Regulatory policies are more efftive at

From 1989 fiscal policy in Norway has been expansionary. With the aid of the econometric model MODAG we estimate the size of the change in policy from 1988 to 1991, its final effect

The expression in front of the square brackets is positive, implying that an expansionary economic policy, an increase in world demand or a decrease in foreign real interest rates,

The model is solved by finding an agent's decision rule which specifies for which levels of health he chooses work or sick leave, conditional on the policy variables.. By

Specifically, suppose global banks face a decrease in funding cost due to expansionary monetary policy in the home country of the global banks. At the extensive margin, the

Figure 1 shows that the model does very well at reproducing the estimated e§ects of an expansionary monetary policy shock, including the hump-shaped rises in real GDP and hours