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Monetary Policy in the Context of the Financial Crisis : (Record no. 133402)

000 -LEADER
fixed length control field	11599nam a22005533i 4500
001 - CONTROL NUMBER
control field	EBC2084932
003 - CONTROL NUMBER IDENTIFIER
control field	MiAaPQ
005 - DATE AND TIME OF LATEST TRANSACTION
control field	20181121180100.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
fixed length control field	m o d \|
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field	cr cnu\|\|\|\|\|\|\|\|
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field	181113s2015 xx o \|\|\|\|0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number	9781784417796
--	(electronic bk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
Cancelled/invalid ISBN	9781784417802
035 ## - SYSTEM CONTROL NUMBER
System control number	(MiAaPQ)EBC2084932
035 ## - SYSTEM CONTROL NUMBER
System control number	(Au-PeEL)EBL2084932
035 ## - SYSTEM CONTROL NUMBER
System control number	(CaPaEBR)ebr11074013
035 ## - SYSTEM CONTROL NUMBER
System control number	(CaONFJC)MIL819717
035 ## - SYSTEM CONTROL NUMBER
System control number	(OCoLC)913467793
040 ## - CATALOGING SOURCE
Original cataloging agency	MiAaPQ
Language of cataloging	eng
Description conventions	rda
--	pn
Transcribing agency	MiAaPQ
Modifying agency	MiAaPQ
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number	HB135-147
082 0# - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number	332.46
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name	Barnett, William.
245 10 - TITLE STATEMENT
Title	Monetary Policy in the Context of the Financial Crisis :
Remainder of title	New Challenges and Lessons.
264 #1 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc	Bingley :
Name of publisher, distributor, etc	Emerald Publishing Limited,
Date of publication, distribution, etc	2015.
264 #4 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Date of publication, distribution, etc	©2015.
300 ## - PHYSICAL DESCRIPTION
Extent	1 online resource (559 pages)
336 ## - CONTENT TYPE
Content type term	text
Content type code	txt
Source	rdacontent
337 ## - MEDIA TYPE
Media type term	computer
Media type code	c
Source	rdamedia
338 ## - CARRIER TYPE
Carrier type term	online resource
Carrier type code	cr
Source	rdacarrier
490 1# - SERIES STATEMENT
Series statement	International Symposia in Economic Theory and Econometrics Ser. ;
Volume number/sequential designation	v.24
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note	Front Cover -- Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons -- Copyright page -- Contents -- List of Contributors -- Editorial Advisory Board Members -- Introduction -- References -- Acknowledgment -- 1 Adoption of Inflation Targeting and Economic Policies Performance in Emerging Countries: A Dynamic Treatment Effe... -- 1 Introduction -- 2 Literature Review -- 3 Data and Stylized Facts -- 4 Methodology -- 4.1 The Propensity Score Matching Method -- 4.2 The Time-Varying Treatment Effect -- 4.3 Treatment, Result, and Conditioning Variables -- 4.3.1 Treatment versus Outcome Variables -- 4.3.2 The Conditioning Variables -- 5 Results -- 5.1 Intertemporal Estimation of Propensity Scores -- 5.2 The Results of Matching -- 6 Conclusion and Policy Implications -- Acknowledgments -- References -- Appendix A: Stylized Facts -- Appendix B: Variables Definitions and Sources -- Appendix C: Descriptive Statistics -- 1st Interaction -- 2nd Interaction -- 2 Careful Price Level Targeting -- 1 Introduction -- 2 The Model -- 3 Partial Commitment in Practice -- 4 Conclusion -- References -- 3 Are Price Dynamics Homogenous across Emerging Europe? Empirical Evidence from Panel Data -- 1. Introduction -- 2. Empirical Specification and Data -- 2.1. Theoretical Aspects -- 2.2. Econometric Specification -- 2.3. Variables and Data -- 3. Results and Discussion -- 3.1. Exploring Cross-Sectional Dependence and Panel Stationarity -- 3.2. Pooled Mean Group Results -- 3.3. Robustness Checks -- 4. Conclusion -- References -- 4 The Global Component of Local Inflation: Revisiting the Empirical Content of the Global Slack Hypothesis with Bay... -- 1 Introduction -- 2 A Model of Inflation Determination in the Global Economy -- 2.1 Building Blocks of the NOEM Model -- 2.1.1 Households -- 2.1.2 Firms -- 2.1.3 Monetary Policy.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note	2.2 The Workhorse NOEM Model -- 2.3 The Frictionless Model -- 2.4 The Deterministic Steady State -- 3 Bayesian Estimation: Bringing Data to Discipline the Theory -- 3.1 Variables and Data -- 3.1.1 Observables for Estimation -- 3.1.2 Mapping the Observable Data to Model Variables -- 3.2 Eliciting Priors -- 3.2.1 Structural Parameters -- 3.2.2 Parameters of the Shock Processes -- 4 Understanding Local Inflation in an Open-Economy Setting -- 4.1 The Global Component of Local Inflation -- 4.1.1 The World or Global Economy System -- 4.1.2 The Cross-Country Difference System -- 4.2 Empirical Findings: What Matters Most for Local Inflation? -- 4.2.1 Posterior Distributions -- 4.2.2 Bayesian IRFs -- 4.2.3 Bayesian Forecasts -- 5 Concluding Remarks -- Acknowledgments -- References -- Appendix: Proofs -- Proof of Proposition 1. -- 5 Pass-Through of Exchange Rate Shocks to Prices in the Euro Area: Evidence from Pricing Chain Model -- 1. Introduction -- 2. ERPT in EA Countries: Overview of VAR Studies -- 3. Empirical Methodology -- 4. Data Selection and Their Properties -- 5. Empirical Results -- 5.1. Responses to Exchange Rate Shocks -- 5.1.1. Impulse Responses Analysis -- 5.1.2. Factors Influencing ERPT -- 5.2. Responses to Import Price Shocks -- 5.3. Variance Decompositions -- 5.4. Testing for the Recent Decline in ERPT -- 5.5. Historical Decompositions -- 6. Concluding Remarks -- References -- Appendix A: Specification Tests -- Appendix B: Chow Tests For Multiple Time-series Systems -- Appendix C: Generalized Impulse Response For Consumer Prices -- 6 Escape Routes from Sovereign Default Risk in the Euro Area -- 1 Introduction -- 2 Theoretical Analysis -- 2.1 The Infinite Horizon Standard Model on Sovereign Default Risk -- 2.2 A Model Variant 1: Weak Macroeconomic Feedback Effects -- 2.3 Model Variant 2: Strong Macro Feedback Loops.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note	2.4 A Model Variant 3: Escape Routes from Sovereign Default Risk -- 3 Empirical Analysis -- 3.1 Data Description -- 4 Conclusions -- Acknowledgments -- References -- Appendix: Numerical Procedure -- 7 Actual versus Perceived Taylor Rules: How Predictable Is the European Central Bank? -- 1. Introduction -- 2. Theoretical Framework -- 3. Data and Methodology -- 4. Linear Model Estimations -- 4.1. Estimations for the Quarter and Year Ahead Horizons -- 4.2. Estimations for the One-Quarter and One-Year Horizons -- 4.3. Actual and Perceived Fitted Policy Rules -- 5. Rolling Window Estimations -- 5.1. Coefficient Estimates of Policy Inertia -- 5.2. Coefficient Estimates of Expected Inflation -- 5.3. Coefficient Estimates of Expected GDP Growth -- 6. Estimation with Time Dummies -- 7. Robustness Analysis -- 8. Conclusion -- Acknowledgment -- References -- Appendix -- Variables Used in the Estimations -- Unit Root and Stationarity Tests -- Actual and Perceived Taylor Rules with a Dummy Variable for the ECB Meetings -- Actual and Perceived Taylor Rules with Consensus Economics Forecasts -- Actual and Perceived Taylor Rules with the Economic Sentiment Indicator -- Actual and Perceived Taylor Rules with Consensus Inflation Forecasts and the Economic Sentiment Indicator -- Predicted Refi Rate Target, Investment Bank Forecasts -- Predicted Refi Rate Target, Consensus Economics Forecasts -- Rolling Window Estimates, One-Year Horizon -- Recursive Window Estimates, Year Ahead Horizon -- Recursive Window Estimates, One-Year Horizon -- 8 A Regime Switching Model for the European Central Bank -- 1. Introduction -- 2. The Model -- 3. Data and Methodology -- 4. Empirical Evidence -- 4.1. Actual Regime Switching Taylor Rule -- 4.2. Perceived Regime Switching Taylor Rule -- 4.3. Actual and Perceived Filtered Probabilities -- 4.4. Actual and Perceived Fitted Policy Rates.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note	5. Robustness Analysis -- 5.1. Actual and Perceived Taylor Rules with Consensus Forecasts -- 5.2. Actual and Perceived Taylor Rules with an Alternative Forecast Horizon -- 5.3. Augmented Taylor Rules -- 6. A Three Regimes Switching Model -- 7. Conclusion -- Acknowledgments -- References -- Appendix -- Variables Used in the Estimations -- Unit Root and Stationarity Tests -- Fitted Policy Rates of the Baseline Model -- Augmented Taylor Rules with a One-Year Forecast Horizon -- A Three Regimes Switching Model with a One-Year Forecast Horizon -- 9 International Trade Imbalance: The Amplification of Monetary Policy Effects through Financial Markets -- 1 Introduction -- 1.1 Global Trade Imbalance -- 1.2 Differences in the Development of Financial Markets across Countries -- 1.3 Differences in Exchange Rate and Monetary Policy across Countries -- 2 Survey of Literature -- 3 The Basic Model -- 3.1 The Basic Environment -- 3.1.1 Currency Demand -- 3.1.2 Monetary Policy -- 3.1.3 The Incompleteness of Financial Markets -- 3.2 Consumer Optimization -- 3.3 Stationary Equilibrium -- 4 Quantitative Analysis -- 4.1 The Set of Parameters -- 4.2 Benchmark Model: The Influence of Different Monetary Policy Combinations on Agent Behavior -- 4.3 The Influence of Incomplete Capital Markets on the Effects of Monetary Policy Combination Two under Equal Φ Values in B... -- 4.4 Differential Incompleteness of Capital Markets and Consumption/Investment in Two Countries -- 5 Conclusion -- References -- Appendix A: Equivalent Model -- Appendix B: Computational Procedure -- 10 Modern Monetary Rules: Any Role for Financial Targeting? -- 1 Introduction -- 2 Motivation and Literature Review -- 3 Monetary Rules under the Basic Scenario -- 3.1 The IS Curve -- 3.2 The Phillips Curve -- 3.3 The Banking Sector Curve -- 3.4 Performance of the Monetary Rules.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note	4 Monetary Rules in Heterogeneous Environment -- 4.1 Performance of the Monetary Rules -- 5 Conclusions and Discussion -- References -- Addendix A: Baseline Derivation -- Appendix B: The Influence of Heterogeneous Agents -- B.1 The Heterogeneous IS Curve -- B.2 The Heterogeneous Phillips Curve -- B.3 The Heterogeneous Banking Sector Curve -- Appendix C: Model Dynamics -- 11 The Taylor Rule, the Zero Lower Bound, and the Term Structure of Interest Rates -- 1 The Zero Lower Bound Issue -- 2 The Taylor Rule When the ZLB Is Not Binding -- 3 The Taylor Rule When the ZLB is Binding -- 4 Why Hasn't Inflation Accelerated? -- 5 Taylor Rule Inertia -- 6 Measuring Expected Inflation -- 7 The Output Gap Term -- 8 The Fed's Maturity Choices -- Acknowledgment -- References -- 12 A Comparison of the Fed's and ECB's Strategies during the Subprime Crisis -- 1 Introduction -- 2 The Sources of Crises: Bank Funding and Current Account Disequilibria -- 2.1 The Role of Bank Funding of International Banks -- 2.2 Current Accounts Imbalances and Sudden Stops in the Euro Area -- 3 Unconventional Conventional Policies -- 3.1 The Framework of Monetary Policy: Fed and ECB in Normal Times -- 3.2 Monetary Policies and the Rescue of the Banking Sector -- 3.2.1 Insolvency, Credit Constraint, and Liquidity Shortage -- 3.2.1.1 Insolvency and the Drop of Assets Prices -- 3.2.1.2 Capital Requirement and the Lending Constraint -- 3.2.1.3 Liquidity Shortage -- 3.2.2 The Operational Tools -- 4 Comparing Unconventional Monetary Policies -- 4.1 Quantitative Easing Policy in a Context of Zero Lower Bound in the United States -- 4.2 Quantitative Easing Policies by the ECB -- 4.3 Forward Guidance Policy -- 5 Conclusion -- References -- 13 Was Bernanke Right? Targeting Asset Prices May not be a Good Idea After All -- 1 Introduction -- 2 Households -- 3 Firms.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note	3.1 The "Augmented" NK Phillips Curve.
520 ## - SUMMARY, ETC.
Summary, etc	This is Volume 24 of the monograph series International Symposia in Economic Theory and Econometrics. ISETE publishes proceedings of conferences and symposia, as well as research monographs of the highest quality and importance.
588 ## - SOURCE OF DESCRIPTION NOTE
Source of description note	Description based on publisher supplied metadata and other sources.
590 ## - LOCAL NOTE (RLIN)
Local note	Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Business.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Currency crisis.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Financial crisis.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Monetary policy.
655 #4 - INDEX TERM--GENRE/FORM
Genre/form data or focus term	Electronic books.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name	Jawadi, Fredj.
776 08 - ADDITIONAL PHYSICAL FORM ENTRY
Display text	Print version:
Main entry heading	Barnett, William
Title	Monetary Policy in the Context of the Financial Crisis : New Challenges and Lessons
Place, publisher, and date of publication	Bingley : Emerald Publishing Limited,c2015
International Standard Book Number	9781784417802
797 2# - LOCAL ADDED ENTRY--CORPORATE NAME (RLIN)
Corporate name or jurisdiction name as entry element	ProQuest (Firm)
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title	International Symposia in Economic Theory and Econometrics Ser.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier	<a href="https://ebookcentral.proquest.com/lib/buse-ebooks/detail.action?docID=2084932">https://ebookcentral.proquest.com/lib/buse-ebooks/detail.action?docID=2084932</a>
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