An Analysis on the Policy Effects and the Determinants of the Household Loan

2021 ◽  
Vol 34 (5) ◽  
pp. 1157-1179
Author(s):  
Da-Yeon Kang ◽  
Kyu-Seok Lee
Keyword(s):  
Policy Effects

Monetary policy regimes in Russia: Guidelines for furtherquantitative studies

2017 ◽  
pp. 38-60 ◽  
Author(s):  
A. Pestova
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Quantitative Research ◽  
Policy Regimes ◽  
Policy Effects ◽  
Exchange Rate Targeting ◽  
Basic Parameters

This paper analyzes the basic parameters of monetary policy in 2000-2015 in Russia. We provide the overview of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes: from money base targeting to exchange rate targeting and finally, to interest rates policy. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.

Is bigger more effective? shock size and the efficacy of monetary policy

2021 ◽  
pp. 1-10
Author(s):  
Toyoichiro Shirota
Keyword(s):  
Monetary Policy ◽  
Projection Method ◽  
Monetary Policy Shocks ◽  
Information Effect ◽  
Local Projection ◽  
Policy Effects ◽  
Potential Source ◽  
The Us ◽  
Policy Shocks ◽  
Us Monetary Policy

Abstract This study empirically examines whether shock size matters for the US monetary policy effects. Using a nonlinear local projection method, I find that large monetary policy shocks are less powerful than smaller monetary policy shocks, with the information effect being the potential source of the observed asymmetry in monetary policy efficacy.

scholarly journals The Urbanisation Impacts on the Policy Effects of the Carbon Tax in China

2021 ◽  
Vol 13 (12) ◽  
pp. 6749
Author(s):  
Shuyang Chen
Keyword(s):  
Energy Consumption ◽  
Carbon Emissions ◽  
Computable General Equilibrium ◽  
Carbon Tax ◽  
Negative Impact ◽  
Positive Impact ◽  
Evaluation Framework ◽  
Socioeconomic Impacts ◽  
Policy Effects ◽  
Distributed Lag

In the literature, very few studies have focused on how urbanisation will influence the policy effects of a climate policy even though urbanisation does have profound socioeconomic impacts. This paper has explored the interrelations among the urbanisation, carbon emissions, GDP, and energy consumption in China using the autoregressive distributed lag (ARDL) model. Then, the unit urbanisation impacts are inputted into the policy evaluation framework of the Computable General Equilibrium (CGE) model in 2015–2030. The results show that the urbanisation had a positive impact on the GDP but a negative impact on the carbon emissions in 1980–2014. These impacts were statistically significant, but its impact on the energy consumption was not statistically significant. In 2015–2030, the urbanisation will have negative impacts on the carbon emissions and intensity. It will decrease the GDP and the household welfare under the carbon tax. The urbanisation will increase the average social cost of carbon (ASCC). Hence, the urbanisation will reinforce the policy effects of the carbon tax on the emissions and welfare.

Policy Effects of Anti-Immigrant Party Representation on Aid to Vulnerable European Union/European Economic Area Citizens

2017 ◽  
Vol 66 (1) ◽  
pp. 3-22 ◽  
Author(s):  
Maria Tyrberg ◽  
Carl Dahlström
Keyword(s):  
European Union ◽  
Political Parties ◽  
Welfare Policy ◽  
Policy Impact ◽  
Policy Outcomes ◽  
European Economic Area ◽  
Policy Area ◽  
European Economic ◽  
Policy Effects ◽  
Economic Area

While anti-immigrant parties have been electorally successful in European parliaments, it is still unclear whether they have influenced policies. This article contributes by investigating the anti-immigrant party policy impact on a previously unexplored welfare policy area, that concerning the mobility of vulnerable European Union/European Economic Area citizens. In Sweden, the aid offered to these citizens varies a great deal in different municipalities. Furthermore, the largest anti-immigrant party (Sweden Democrats) has, unlike the mainstream political parties, preferences for a strict policy in line with so-called welfare chauvinism. Taking advantage of this subnational variation, our data give us a unique opportunity to investigate whether anti-immigrant party representation impacts welfare policy outcomes. The empirical findings show a negative correlation between Sweden Democrats’ representation and the aid offered and indicates that municipalities where Sweden Democrats holds a pivotal position offer less aid to vulnerable European Union/European Economic Area citizens. The hypothesis that these effects are conditional upon the ideology of the ruling coalition is, however, not supported.

Influence of Renminbi Internationalization on China’s Monetary Policy Effects: A Theoretical Analysis

2021 ◽  
Vol 13 (8) ◽  
pp. 14
Author(s):  
Huiguan Ding ◽  
Asli Ogunc ◽  
Dale Funderburk ◽  
Shiyou Li ◽  
Zhebie Shi
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Analytical Framework ◽  
Securities Markets ◽  
Republic Of China ◽  
Policy Effects ◽  
The People ◽  
The World ◽  
The Impact ◽  
Rmb Internationalization

For more than a decade, the People’s Republic of China has sought to expand the degree of internationalization of its official currency. In recent decades, China has become the world’s second largest economy, as well as the world’s largest trading nation, and its securities markets are among the largest in the world. Today, the RMB is among the top five as a world payments currency. One of the significant costs of achieving higher degrees of internationalization of a country’s currency is the complicating impact it has on the efficacy and effect of that country’s domestic monetary policy.  However, what is the nature and extent of that complicating impact? This paper employs an IS-LM model of an open economy as an analytical framework, embeds an RMB internationalization factor into that model. Specifically, with this model we examine the impact of RMB internationalization on the effects of China’s monetary policy. 

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