Heterogeneity in currency areas and macroeconomic policies

ECB conference on Heterogeneity in currency areas and macroeconomic policies.

2 p.m., Session 1. Macroeconomic adjustment in currency areas. Chair: Klaus Masuch, European Central Bank Keynote speech 1. It's all about risk-sharing. Atif ...

Heterogeneity in Macroeconomics: Implications for Policy

It will also address the implications of heterogeneity for the transmission of monetary and fiscal policy, with a focus on recent policies, such ...

15 Macroeconomic Policy Implications of Currency Zones in

Here it focuses on trends in relative economic size and in the international use of currencies, in relative inflation performance, in the behavior of key- ...

Financial heterogeneity and monetary union

... currency and hence common monetary policy—in an environment of asymmetric financial shocks. ... financial conditions across the euro area. As shown below ...

Financial Heterogeneity and Monetary Union

monetary policy cannot be targeted to just one region. Common monetary ... Abandoning its own currency and independent monetary policy to join the ...

Heterogeneous macro and financial effects of ECB asset purchase ...

Heterogeneous effects of unconventional monetary policy on bond yields across the euro area. J. Money Credit Bank., 54 (5) (2022), pp. 1425-1457. Crossref ...

Exchange Rate Policy and Firm Heterogeneity | IMF Economic Review

This paper examines the exchange rate policy in a tractable framework with heterogeneous firms, incomplete financial markets and nominal rigidities.

Fiscal and Monetary Policy with Heterogeneous Agents

better understanding of long-run optimal policy will be needed for work in this area to continue. ... Solution to a Fiscal Policy Puzzle,” Journal of Money, ...

Monetary policy, firm heterogeneity, and product variety

It shows that contractionary monetary policy exerts an important reallocation effect by cleansing unproductive firms and enhancing aggregate productivity. At ...

Monetary Policy, Housing, and Heterogeneous Regional Markets

heterogeneous sensitivity of regions to monetary policy. After 2 years, the ... The Housing-Monetary HAVAR Model Framework. Page 11. 566 : MONEY, CREDIT, AND ...

Optimal Currency Areas with Labor Market Frictions

I study efficiency and optimal monetary policy in a two-country monetary union with frictional labor markets. With heterogeneity in labor market frictions ...

ECB conference on Heterogeneity in currency areas and ... - EconBiz

Country: GERMANY. Conference venue: Frankfurt am Main. Classification: E3 - Prices, Business Fluctuations, and Cycles ; E5 - Monetary Policy, ...

Macroprudential policy implementation in a heterogeneous ...

Results show that structural asymmetries matter for the implementation of macroprudential policies, especially when the heterogeneity delivers ...

How Does Monetary Policy Affect Income and Wealth Inequality ...

The earnings heterogeneity channel is important: QE compresses the income distribution since many households with lower incomes become employed.

Consumption Heterogeneity and Monetary Policy in an Open ...

We explore how consumption heterogeneity affects the international transmission mechanism of monetary shocks and the choice of optimal monetary policy in an ...

Heterogeneity in Euro Area Monetary Policy Transmission: Results ...

We study cross-country differences in monetary policy transmission across the largest euro area economies (France, Germany, Italy, and Spain)

Heterogeneity of Debt Policies of WAEMU Countries: Convergence ...

The impact of monetary policy on economic activity in integrated currency areas may be affected by factors that are primarily related to the convergence of ...

Monetary Policy, Housing Investment, and Heterogeneous Regional ...

Thus, the effects of monetary policy on the economy depend on the extent and nature of regional heterogeneity, which vary over time. Using longitudinal data for ...

Heterogeneity, convergence and imbalances in the Euro area - Cairn

Journal of Money, Credit and Banking 47 (S1): 261–293. Gertler, Mark and Peter Karadi. 2011. “A Model of Unconventional Monetary Policy.” Journal of ...