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Three Essays On Monetary Policy And Exchange Rates, Liang Fu
Three Essays On Monetary Policy And Exchange Rates, Liang Fu
Legacy Theses & Dissertations (2009 - 2024)
Chapter 1 is the product of joint work with Chun-Yu Ho. China’s monetary policy framework has evolved considerably in the past two decades, increasingly moving from using quantity-based instruments and targets to using price-based instruments and targets. This paper assesses the effectiveness of monetary policy in China by examining the influence of monetary policy on market interest rates using an event-study approach. We find that the effectiveness of price-based instruments in impacting market interest rates increases over time, and that price-based instruments are as effective as quantity instruments during the period since the completion of interest rates liberalization. Furthermore, central …
Essays On Money, Banking, And Finance, Duong Ngo
Essays On Money, Banking, And Finance, Duong Ngo
Legacy Theses & Dissertations (2009 - 2024)
This doctoral dissertation contains three essays on the topics of money, banking, and finance.
Essays On Public Policy Analysis Using Macroeconomic Models, Akihiro Nomura
Essays On Public Policy Analysis Using Macroeconomic Models, Akihiro Nomura
Legacy Theses & Dissertations (2009 - 2024)
This thesis is composed of three separate essays.
Heterogeneity In Housing : Evidence From Regional Prices, Monetary Policy Transmission And Wealth Distribution In China, Lili Wu
Legacy Theses & Dissertations (2009 - 2024)
Housing market displays a high degree of heterogeneity in China: house prices show great uneven patterns across regions; housing markets present remarkably various roles in trasmitting outside shocks to real economies; housing wealth exhibits obviously asymmetric profile in holding and distribution among households, etc. To investige these heterogeneities is the single purpose of this paper.
Monetary Policy And New-Keynesian Macroeconomics, Siddhartha Chattopadhyay
Monetary Policy And New-Keynesian Macroeconomics, Siddhartha Chattopadhyay
Legacy Theses & Dissertations (2009 - 2024)
New-Keynesian Dynamic Stochastic General Equilibrium (DSGE) models are important tools for analyzing modern monetary economics and policy. The genre of the New-Keynesian DSGE model is divided into two broad categories. These are, (i) the sticky price New-Keynesian DSGE model and (ii) the sticky information New-Keynesian DSGE model. My dissertation is a contribution to this rapidly growing literature, where I have analyzed some important issues of modern monetary economics and policy through the New-Keynesian DSGE models.