... Publishing Limited 2026 Emerald Publishing Limited Licensed re-use rights only Monetary policy Central banking Financial services Relative margin Interest rates Financial intermediation C62 E01 H25 Ministerio de Ciencia y Tecnología PID 2024-157255NB-I00 http://dx.doi.org...

.... The full terms of this licence may be seen at Link to the terms of the CC BY 4.0 licence. Monetary policy Fiscal policy Spatial Durbin model Spatial interaction World Governance Indicators G20 C10 D63 E00 E10 E20 E31 E62 F00 F1 F41 F42 H50 The goal of the G20's...

... with the Barro–Gordon framework and by providing new empirical evidence on asymmetric expectation adjustment during the recent ECB inflation episode. © Emerald Publishing Limited 2026 Emerald Publishing Limited Licensed re-use rights only Hysteresis Inflation expectations Monetary policy ECB...

...Edmond Berisha; Orkideh Gharehgozli; Ram Sewak Dubey; Farahmand Rezvani Purpose This paper examines how oil supply shocks and monetary policy actions jointly affect wage inequality in the US, with a particular focus on the role of education. The study addresses three key questions: (1) how...

...Seyed Ali Madanizadeh; Mehran Mahmoudi Purpose This study examines the macroeconomic effects of domestic energy price shocks in the presence of financial constraints, frictions and monetary policy responses. Design/methodology/approach A DSGE model with nominal rigidities, financial...

...Nadia Yusuf; Haitham Khoj; Chokri Kooli Purpose The paper aims to examine the impacts of expansionary monetary policies in Saudi Arabia by assessing their effectiveness in both short-term economic recovery and long-term economic sustainability by separating the associated short-term dynamic...

... , g > 0   … where I 0 is an exogenous component, and g represents the sensitivity of investment to the interest rate. Money Market Equilibrium The demand for money is given by: Remittances Dutch disease FDI Keynesian models Monetary policy...

... Our findings highlight the continued division between “core” and “peripheral” Euro area countries, with monetary policy variables playing a crucial role in the economic growth of “core” nations. Stable inflation contributes to sustained growth in these countries, while fiscal variables contribute...

... of money, we find a long-run relationship between money growth and inflationary outcomes. We also find that the response of inflation is higher to a tightening episode in the monetary policy stance than to a loosening episode. The study also provides evidence that adopting the inflation targeting framework...

...Francesco Busato; Maria Ferrara; Monica Varlese Purpose This paper analyzes real and welfare effects of a permanent change in inflation rate, focusing on macroprudential policy’ role and its interaction with monetary policy. Design/methodology/approach While investigating disinflation costs...

...Hai Le; Phuong Nguyen Purpose This study examines the importance of exchange rate and credit growth fluctuations when designing monetary policy in Thailand. To this end, the authors construct a small open economy New Keynesian dynamic stochastic general equilibrium (DSGE) model. The model...

...Luccas Assis Attílio Purpose This article analyzes the impact of monetary policy on income inequality across 16 advanced economies. The author investigates three key points: (1) the relationship between domestic monetary policy and domestic income inequality, (2) the spillover effect of USA...

... a three-factor probit model to predict/explain the deep stock market drawdowns, which the authors define as the drawdowns in excess of 20%. Findings The study results show that (1) the rising credit risk predicts a deep drawdown about a year in advance and (2) the monetary policy easing precedes...

... in the analysis of how government consumption affects the transmission mechanism of monetary policy. This motivates this paper to analyse how government consumption affects the dynamics of a small open economy, once the former is included in a non-separable form to the utility function. To the best of the authors...

...Mugabil Isayev; Farid Irani; Amirreza Attarzadeh Purpose The purpose of this paper is to fill the momentous gap by explicitly investigating the asymmetric effects of monetary policy (MP) on non-bank financial intermediation (NBFI) assets. Design/methodology/approach The authors utilized panel...

...Juan Ignacio Martín-Legendre; Pablo Castellanos-García; José Manuel Sánchez-Santos Purpose This paper aims to study, by means of an empirical approach, how monetary policy might affect the distribution of individual income. Design/methodology/approach After describing the channels through...

...Honoré Sèwanoundé Houngbédji; Nassibou Bassongui Purpose This paper aims to examine the response of monetary policy to financial instability in the West African Economic and Monetary Union. Design/methodology/approach Through annual aggregated data from 1970 to 2019, the empirical strategy...

... policy shock. For this, three management scenarios are evaluated, including Brazilian securities average term. Findings Contrary to what might be inferred from DSGE models that limited the analysis of the debt term by imposing only one-period bonds, a contractionary monetary policy shock does...

... and FX intervention when used to stabilise the macroeconomy. Originality/value This paper provides a benchmark for other emerging countries that consider adopting the inflation targeting framework and impose an FX intervention as part of their monetary policy. Alexander Lubis can be contacted...

... on the preferences. The optimality of a zero inflation rate under sticky prices also very much depends on the assumed set of fiscal instruments. Originality/value The non-optimality of the Friedman rule under flexible prices is quite new. Moreover, studying the optimal fiscal and monetary policy in a New...