Bericht
Monetary policy and the stock market: Insights from a model of endogenous business cycles
[Key Takeaways] * Monetary policy might be ineffective in its attempt to influence the borrowing conditions over the business cycle because of the existence of adverse endogenous factors (like an endogenous risk premium, for example) counteracting monetary policy. * The evolution of the stock market over the business cycle can be considered an indicator of the extent to which monetary policy is able to affect the current borrowing conditions in the economy. * The pro-cyclical stock market observed in the US during the last 25 years in the presence of a counter-cyclical monetary policy can be considered evidence of monetary policy ineffectiveness and/or weak reactivity. * Monetary policy might be ineffective in reducing endogenous business cycle fluctuations because of the lags involved in its reactions and in the transmission process.
- Sprache
-
Englisch
- Erschienen in
-
Series: FinMaP-Policy Letter ; No. 2
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yanovski, Boyan
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel University, FinMaP - Financial Distortions and Macroeconomic Performance
- (wo)
-
Kiel
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Yanovski, Boyan
- Kiel University, FinMaP - Financial Distortions and Macroeconomic Performance
Entstanden
- 2016
Ähnliche Objekte (12)
Endogenous Business Cycles and Growth
Endogenous business cycles and growth
Endogenous business cycles and economic policy
Monetary cycles, financial cycles, and the business cycle
Endogenous Business Cycles and Systematic Stabilization Policy
Endogenous Business Cycles and Systematic Stabilization Policy
Monetary regime change and business cycles
Monetary regime change and business cycles
Inventory, business cycles and monetary transmission
Labour market skills, endogenous productivity and business cycles
Animal spirits, lumpy investment and endogenous business cycles
Overdeterminacy and endogenous cycles : Trygve Haavelmo's business cycle model and its implications for monetary policy
Endogenous Business Cycles and Growth
Endogenous business cycles and growth
Endogenous business cycles and economic policy
Monetary cycles, financial cycles, and the business cycle
Endogenous Business Cycles and Systematic Stabilization Policy
Endogenous Business Cycles and Systematic Stabilization Policy
Monetary regime change and business cycles
Monetary regime change and business cycles
Inventory, business cycles and monetary transmission
Labour market skills, endogenous productivity and business cycles
Animal spirits, lumpy investment and endogenous business cycles
Overdeterminacy and endogenous cycles : Trygve Haavelmo's business cycle model and its implications for monetary policy
Endogenous Business Cycles and Growth
Endogenous business cycles and growth
Endogenous business cycles and economic policy
Monetary cycles, financial cycles, and the business cycle
Endogenous Business Cycles and Systematic Stabilization Policy
Endogenous Business Cycles and Systematic Stabilization Policy
Monetary regime change and business cycles
Monetary regime change and business cycles
Inventory, business cycles and monetary transmission
Labour market skills, endogenous productivity and business cycles
Animal spirits, lumpy investment and endogenous business cycles