Zobrazeno 1 - 10
of 23
pro vyhledávání: '"Fiorella De Fiore"'
Autor:
Fiorella De Fiore
Publikováno v:
Economic Policy. 37:691-694
Publikováno v:
SSRN Electronic Journal.
Interbank money markets have been subject to substantial impairments in the recent decade, such as a decline in unsecured lending and substantial increases in haircuts on posted collateral. This paper seeks to understand the implications of these dev
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a9f5c8ba3e1bc8a3eaf6f8c142bd6d9a
https://doi.org/10.3386/w25319
https://doi.org/10.3386/w25319
Autor:
Oreste Tristani, Fiorella De Fiore
Publikováno v:
SSRN Electronic Journal.
We study the optimal combination of interest rate policy and unconventional monetary policy in a model where agency costs generate a spread between deposit and lending rates. We show that credit policy can be a powerful substitute for interest rate p
Publikováno v:
SSRN Electronic Journal.
This paper analyses the effects of the European Central Bank's expanded asset purchase programme (APP) on yields and on the macroeconomy, and sheds some light on its transmission channels. It shows, first, that the January 2015 announcement of the pr
Publikováno v:
SSRN Electronic Journal.
Credit subsidies are an alternative to interest rate and credit policies when dealing with high and volatile credit spreads. In a model where credit spreads move in response to shocks to the net worth of financial intermediaries, credit subsidies are
Autor:
Fiorella De Fiore, Oreste Tristani
Publikováno v:
Journal of Money, Credit and Banking. 43:407-440
We analyze the properties of the natural rate of interest in an economy with asymmetric information between borrowers and lenders, and nominal debt contracts. In our model, monetary policy has real effects in the flexible-price equilibrium because it
Autor:
Harald Uhlig, Fiorella De Fiore
We present a DSGE model where firms optimally choose among alternative instruments of external finance. The model is used to explain the evolving composition of corporate debt during the financial crisis of 2008-09, namely the observed shift from ban
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a5254e425e39764dc77dbe25b523d6cd
https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1759.en.pdf
https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1759.en.pdf
Autor:
Fiorella De Fiore, Zheng Liu
Publikováno v:
Journal of Economic Dynamics and Control. 29:1165-1192
This paper presents a cash-in-advance model of a small open economy and shows that whether an inflation-targeting interest rate rule introduces aggregate instability depends in general on the degree of openness to international trade. This result eme