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Journal articles on the topic 'Monetary Policy Decisions'

Author: Grafiati

Published: 5 June 2025

Last updated: 1 August 2025

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1

ZIA UR REHMAN, ASAD KHAN, SHER ALI KHAN, and SHAH RAZA KHAN. "Monetary Policy, Fiscal Policy and Capital Structure." Journal of Business & Tourism 4, no. 2 (2021): 77–85. http://dx.doi.org/10.34260/jbt.v4i2.163.

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Instruments of monetary and fiscal policy are beyond the control of the management but they do influence the short-term as well as long-term decision making of the firm. Empirical studies with respect to their effect on financing decisions of the firm are somewhat under researched particularly in the context of developing countries. The aim of the study was to analyse the effect of these instruments on the financing decisions of the non-financial firms listed on PSX for the period 2008-2015. Fixed effect model was used to analyse the effect of instruments of monetary policy and fiscal policy o

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AL-Obaidi, Dhuha Dhulfiqar Ali. "The Impact of Monetary Policy on Financial Markets." International Journal Of Management And Economics Fundamental 5, no. 1 (2025): 5–12. https://doi.org/10.37547/ijmef/volume05issue01-02.

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This research addresses the interrelationship between financial markets and monetary policy, reviewing the impact of fluctuations in financial markets on the economic decisions taken by central banks. Financial markets are considered one of the most important tools through which monetary policies can be transmitted to the economy, as fluctuations in stocks, bonds and interest rates affect investment and savings decisions. The research shows how these fluctuations affect inflation rates and economic growth, highlighting central banks' crucial role in controlling liquidity and preventing financi

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Riboni, Alessandro, and Francisco Ruge-Murcia. "Dissent in monetary policy decisions." Journal of Monetary Economics 66 (September 2014): 137–54. http://dx.doi.org/10.1016/j.jmoneco.2014.03.006.

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Apergis, Nicholas, and Chi Keung Marco Lau. "How deviations from FOMC’s monetary policy decisions from a benchmark monetary policy rule affect bank profitability: evidence from U.S. banks." Journal of Financial Economic Policy 9, no. 4 (2017): 354–71. http://dx.doi.org/10.1108/jfep-02-2017-0008.

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Purpose This paper aims to provide fresh empirical evidence on how Federal Open Market Committee (FOMC) monetary policy decisions from a benchmark monetary policy rule affect the profitability of US banking institutions. Design/methodology/approach It thereby provides a link between the literature on central bank monetary policy implementation through monetary rules and banks’ profitability. It uses a novel data set from 11,894 US banks, spanning the period 1990 to 2013. Findings The empirical findings show that deviations of FOMC monetary policy decisions from a number of benchmark linear and

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Dias, Daniel A., and Joao B. Duarte. "Monetary Policy and Homeownership: Empirical Evidence, Theory, and Policy Implications." International Finance Discussion Paper 2022, no. 1344 (2022): 1–66. http://dx.doi.org/10.17016/ifdp.2022.1344.

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We show that monetary policy affects homeownership decisions and argue that this effect is an important and overlooked channel of monetary policy transmission. We first document that monetary policy shocks are a substantial driver of fluctuations in the U.S. homeownership rate and that monetary policy affects households' housing tenure choices. We then develop and calibrate a two-agent New Keynesian model that can replicate the estimated transmission of monetary policy shocks to homeownership rates and housing rents. We find that the calibrated model provides an explanation to the "price puzzl

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DASHKIN, Renat M., and Igor' A. KOKH. "How the U.S. monetary policy affects the corporate investment by emerging market companies." Finance and Credit 27, no. 7 (2021): 1513–39. http://dx.doi.org/10.24891/fc.27.7.1513.

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Subject. The article addresses the transmission mechanisms of the U.S. monetary policy. Objectives. Our aim is to evaluate the transmission mechanisms of the U.S. monetary policy. Methods. The paper analyzes how the investment activities of 3,983 companies of the eight non-financial industries (mining, construction, manufacturing, transportation, information sector, trade, and agriculture) of 23 emerging economies respond to the monetary policy decisions for 2010–2017. Results. Investment activities of companies are influenced by monetary policy decisions through the transmission mechanism of

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7

Goodhart, Charles A. E. "The Political Economy of Monetary Policy Decisions." Credit and Capital Markets – Kredit und Kapital 21, no. 1 (1988): 1–7. http://dx.doi.org/10.3790/ccm.21.1.1.

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Camous, Antoine, and Dmitry Matveev. "Furor over the Fed: A President’s Tweets and Central Bank Independence." CESifo Economic Studies 67, no. 1 (2021): 106–27. http://dx.doi.org/10.1093/cesifo/ifaa020.

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Abstract We illustrate how financial market data are informative about the interactions between monetary and fiscal policy. Federal funds futures are private contracts that reflect investor’s expectations about future monetary policy decisions. By relating price movements of these contracts with President Trump’s tweets on monetary policy, we explore how financial market participants have perceived attempts by the President to influence monetary policy decisions. Our results indicate that market participants expected the Federal Reserve Bank to adjust monetary policy in the direction suggested

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9

Koo, Jahyun, Ivan Paya, and David A. Peel. "THE DECISIONS OF THE SHADOW MONETARY POLICY COMMITTEE AND MONETARY POLICY COMMITTEE SINCE 2002." Economic Affairs 32, no. 2 (2012): 91–93. http://dx.doi.org/10.1111/j.1468-0270.2012.02163.x.

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10

Wang, Shenling, Ling Jiang, and Cai Chang. "Does the Uncertainty of Monetary Policy Affect the Efficacy of Interest Rate Transmission Mechanisms? Micro-Evidence from the Investment-Capital Cost Sensitivity of Chinese Enterprises." International Journal of Global Economics and Management 2, no. 1 (2024): 66–83. http://dx.doi.org/10.62051/ijgem.v2n1.09.

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The uncertainty of monetary policy, as a latent cost of monetary policy regulation, increasingly captures the attention of the theoretical community and policy authorities worldwide. Employing empirical analysis on data from China's A-share non-financial listed companies between 2003 and 2019, it is found that monetary policy uncertainty undermines corporate confidence in development, leading to a diminished enthusiasm for adjusting investment strategies in response to economic fluctuations. This hampers the sensitivity of corporate investment to capital costs, suggesting that monetary policy

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Mendes, Joana. "Law and discretion in monetary policy and in the banking union: Complexity between high politics and administration." Common Market Law Review 60, Issue 6 (2023): 1579–622. http://dx.doi.org/10.54648/cola2023117.

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The controversy over the degree of judicial review of monetary policy decisions triggered by the contrasting Weiss judgments of the German Federal Constitutional Court and of the Court of Justice of the European Union invites an inquiry into the role of law in areas characterized by a high degree of political and technical complexity. This article singles out the structural conditions that qualify complexity in specific instances of decision-making: prognostic assessments, goal-oriented decisions, marked by uncertainty, legal indeterminacy, and discretion. These traits characterize both moneta

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Тарасова, Г. М., Ю. В. Чепига, and Лю Инин. "Russia's monetary policy: key trends." Экономика и предпринимательство, no. 4(129) (May 31, 2021): 48–55. http://dx.doi.org/10.34925/eip.2021.129.4.006.

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В статье проведен анализ показателей денежно - кредитной политики России, ее целевых и фактических данных. Представлены динамические показатели инфляции за последние десять лет, решения об уровне ключевой ставки, подготовка и коммуникация решения по ней, ключевые ставки мировых Центральных банков. Анализируются показатели денежной массы, как важнейшего индикатора денежно -кредитной статистики. Обсуждается вопрос использования в России «вертолетных денег» как инструмента выхода их кризиса. The article analyzes the indicators of Russia's monetary policy, its target and actual data. The article p

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13

Carstensen, Kai. "Estimating the ECB Policy Reaction Function." German Economic Review 7, no. 1 (2006): 1–34. http://dx.doi.org/10.1111/j.1468-0475.2006.00145.x.

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Abstract This paper estimates the policy reaction function of the European Central Bank in the first four years of EMU using an ordered probit model which accounts for the fact that central bank rates are set at multiples of 25 basis points. Starting from a baseline model which mimics the Taylor rule, the impacts of different economic variables on interest rate decisions are analysed. It is concluded that the monetary growth measure which was announced by the ECB as the first pillar of their monetary strategy does not play an outstanding role for the actual interest rate decisions. More sophis

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KHOKHYCH, Dmytro, and Gennadiy BORTNIKOV. "Application of monetary regimes in monetary policy decision-making process." Fìnansi Ukraïni 2023, no. 5 (2023): 108–28. http://dx.doi.org/10.33763/finukr2023.05.108.

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Introduction. The article studies two main monetary regimes in the process of monetary reform of central banks: a target-based regime and a rule-based regime. Inflation targeting is the most common rule of monetary policy. Using the key rate as a monetary policy tool can ensure price stability and economic growth. Problem Statement. Using the interest rate rule of inflation targeting, the central bank has certain advantages over the target variables. If preferences change unexpectedly, they are not taken into account by economic agents as quickly and act as an exogenous shock to the economy. T

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Kagazbaeva, E. M., та М. К. Axakalova. "Қытайдың монетарлық саясаты: Қазақстан үшін тәжірибе". BULLETIN of the L.N. Gumilyov Eurasian National University.Political Science. Regional Studies. Oriental Studies. Turkology Series. 138, № 1 (2022): 68–78. http://dx.doi.org/10.32523/2616-6887/2022-138-1-68-78.

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This article analyzes the monetary policy of the Central Bank of China and the impact of its individual instruments on economic growth. The economic and political problems affecting the monetary policy of Kazakhstan are considered. The purpose of the scientific article is to identify the features of the monetary mechanism for the development of the Chinese economy, to study innovative tools of China’s monetary policy, and to develop practical recommendations for improving the monetary policy of the Republic of Kazakhstan. China does not seek to copy global trends in monetary policy, but makes

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Salas Muñoz, Gonzalo, Juan F. Prados-Castillo, and José María Martín Martín. "How Monetary Policy Shapes Company and Business Strategies." ESIC Market 56, no. 2 (2025): e337. https://doi.org/10.7200/esicm.56.337.

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Objective and interest of the work: This research analyses the monetary policy developed during the last two major economic crises. It seeks to compare both lines of action and to analyse the effect that the direction of these policies has had on the business context. It considers the impact on managerial choices, market positioning and marketing tactics from a macroeconomic perspective. Design of the methodology: The methodology used was a structured Boolean search across selected databases, focusing on how shifts in monetary policy influence managerial decisions, marketing and overall busine

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17

Jelilov, Gylych, Bilal Celik, and Yusuf Adamu. "Foreign Portfolio Investment Response to Monetary Policy Decisions in Nigeria: A Toda-Yamamoto Approach." International Business Research 13, no. 3 (2020): 166. http://dx.doi.org/10.5539/ibr.v13n3p166.

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This paper examined the response of foreign portfolio investment to Monetary Policy decisions of the Central Bank of Nigeria using monthly data spanning January 2007 to December 2018. The study adopted the Toda-Yamamoto Causality model and Generalized Impulse Response Function for analysis. The results showed that changes in monetary policy stance could only impact the behavior of foreign portfolio investment with 6-month lag and with marginal impact. This implies that monetary policy could still be effective even if the CBN decides to lose policy stance without losing significant capital flig

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Ferrando, Annalisa, Alexander Popov, and Gregory F. Udell. "Unconventional monetary policy, funding expectations, and firm decisions." European Economic Review 149 (October 2022): 104268. http://dx.doi.org/10.1016/j.euroecorev.2022.104268.

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19

Petersen, Luba. "Do expectations and decisions respond to monetary policy?" Journal of Economic Studies 42, no. 6 (2015): 972–1004. http://dx.doi.org/10.1108/jes-08-2015-0149.

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20

Cooley, Thomas F., and Vincenzo Quadrini. "Monetary policy and the financial decisions of firms." Economic Theory 27, no. 1 (2006): 243–70. http://dx.doi.org/10.1007/s00199-004-0553-x.

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21

Kolodii, S., M. Rudenko, L. Gariaga, I. Kochuma, and S. Kolodii. "THE INFLUENCE OF DECISIONS ON INCREASING SOCIAL STANDARDS ON MONETARY POLICY." Financial and credit activity: problems of theory and practice 2, no. 37 (2021): 37–46. http://dx.doi.org/10.18371/fcaptp.v2i37.229684.

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Abstract. Raising social standards is an essential instrument of social policy by the state. However, the decision to raise the minimum wage rather sharply should consider its impact on fiscal and monetary policy. The article aims to study how government decisions on social standards (in particular minimum wages) can influence monetary policy decisions based on inflation targeting. Results of the research. The method of analysis of indicators and consequences of the introduction of inflation targeting in Ukraine, geographical neighbors and countries with similar economies is described. It is d

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22

Rosa, Carlo, and Tim Breitenstein. "Macroeconomic Effects of Central Bank Communication: Evidence from the Fed." STUDI ECONOMICI, no. 98 (February 2010): 5–22. http://dx.doi.org/10.3280/ste2009-098001.

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This paper employs exogenous measures of monetary policy shocks directly derived from financial market information to investigate how the economy responds to the surprise component of monetary policy decisions as opposed to central bank announcements about future movements in the policy rate. We find that the U.S. economy strongly reacts to the news shock, the difference between what the central bank announces regarding the future direction of monetary policy and what the market expects it to announce. The responses of output and prices to the unexpected component of policy decisions regarding

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Shkolnyk, Inna O., and Yurii M. Ohorilko. "MONETARY POLICY RULES AS THE FOUNDATION OF THE MODERN PARADIGM OF CENTRAL BANK INDEPENDENCE." Academy Review 1, no. 62 (2025): 122–35. https://doi.org/10.32342/3041-2137-2025-1-62-9.

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The article analyzes the origins of the modern paradigm of central-bank independence both in historical retrospect and from the perspective of the implementation of certain monetary policy rules. The question of central bank independence is one of the main issues in analyzing the foundations of the organization and functioning of these institutions. However, when considering this issue retrospectively, it is impossible not to notice the close connection between central banks’ compliance with monetary policy rules and their actual independence. That is why the research of central-bank independe

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Mensah, Lord, Anthony Q. Q. Aboagye, and Nana Kwame Akosah. "The state of monetary policy and industrial asset allocation: the Ghanaian perspective." African Journal of Economic and Management Studies 9, no. 4 (2018): 449–61. http://dx.doi.org/10.1108/ajems-07-2017-0167.

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Purpose The purpose of this paper is to investigate whether asset allocation across various industries listed on the Ghana Stock Exchange (GSE) varies across different monetary policy states. Design/methodology/approach This paper adopts the Markov Chain technique to split monetary policy into three different states. The authors further adopt the Markowitz portfolio optimization technique to find the minimum variance and optimum portfolio for the industries listed on the GSE. Findings The finding reveals a dynamic asset allocation, which varies the industry’s weight mix across the various mone

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Yu, Xuyao. "The Relationship between Monetary Policy and the Housing Bubble." Highlights in Business, Economics and Management 1 (November 28, 2022): 71–74. http://dx.doi.org/10.54097/hbem.v1i.2321.

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Will monetary policy affect the price of housing and thus lead to a housing bubble? It is well known that the Fed's monetary policy decisions affect the U.S. and the world economy, guiding the direction of the economy through monetary policy adjustments. The real estate market has a huge volume and monetary policy has a profound impact on it. Loose monetary policy can lead to a boom in the real estate market, but too much of a boom can lead to a crisis. This article examines whether monetary policy affects housing bubbles by analyzing the views of Ben S. Bernanke and John B. Taylor and modelin

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Amtenbrink, Fabian. "The ECB’s public sector securities purchase programmes – time for a final EU (legal) assessment?" Zeitschrift für europarechtliche Studien 28, no. 2 (2025): 232–57. https://doi.org/10.5771/1435-439x-2025-2-232.

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The contribution revisits the three landmark decisions of the European Court of Justice in Pringle, Gauweiler and Others, and Weiss and Others that mainly address the delineation of monetary and economic policy in the European Economic and Monetary Union and the scope of judicial review of monetary policy decisions, with the aim of assessing the significance of these decisions for the legal evaluation of current and future public sector securities purchase programmes, such as the recently completed Pandemic Emergency Purchase Programme (PEPP) and the Transmission Protection Instrument (TPI). W

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Smith, David B. "THE DECISIONS OF THE SHADOW MONETARY POLICY COMMITTEE AND MONETARY POLICY COMMITTEE SINCE 2002: A REJOINDER." Economic Affairs 32, no. 2 (2012): 94–95. http://dx.doi.org/10.1111/j.1468-0270.2012.02164.x.

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Abdioğlu, Nida, and Sinan Aytekin. "The Role of Monetary Policy Announcements on Turkish Banks' Stock Returns." EMAJ: Emerging Markets Journal 6, no. 1 (2016): 63–69. http://dx.doi.org/10.5195/emaj.2016.98.

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This paper investigates the impact of monetary policy committee decisions of the Central Bank of the Republic of Turkey on the stock returns of the deposit banks listed in Borsa Istanbul Banks Index (XBANK). The cumulative abnormal returns of the banks are calculated for 2008 and 2012. We report that the monetary policy announcements affect cumulative abnormal returns of the deposits banks both in 2008 and 2012. Since the announcement of the monetary policy decisions created abnormal returns, we conclude that the market does not have semi-strong form efficiency.

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Below, Łukasz. "Deconstructing the Fed’s decisions: analysis of the factors influencing monetary policy in the US." Bank i Kredyt Vol. 55, No. 5 (2023): 623–60. https://doi.org/10.5604/01.3001.0054.8989.

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While the impact of monetary policy on the economy is a well-researched topic, the influence of economic conditions on the monetary policy decision-making process attracts scant attention in the existing literature. In theory, monetary policy goals are well-established by legal acts, but the decision- -making process conducted by the policymakers is impacted by many factors related to the real economy and financial markets. In this paper, I deconstruct the process executed by the Federal Open Market Committee by estimating a factor model on the basis of data extracted from the FOMC minutes by

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Mahdi Moazzami. "Identifying and Determining the Importance of Central Bank Transparency Measurements, Capital Market Reaction Metrics, And Micro and Macro Factors Affecting Capital Market Reaction Using Delphi and Dimtel Fuzzy Method." Power System Technology 48, no. 2 (2024): 1208–25. https://doi.org/10.52783/pst.625.

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Central Bank Transparency In Aspects such as Monetary Policy and Analysis of Macro-Economic Variables by Central Banks has an important role in publishing information to money and capital markets in relation to capital decisions and Examining the prospective trajectory of the economy, Consequently, it can bring the reaction of the money and capital market in dimensions such as a change in the level of systemic risk and the market's expected rate of return. In the past, all monetary policy decisions were made secretly, but since the 1990s, when transparency became the focus of central banks, a

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Chevapatrakul, Thanaset, Tae-Hwan Kim, and Paul Mizen. "Monetary information and monetary policy decisions: Evidence from the euroarea and the UK." Journal of Macroeconomics 34, no. 2 (2012): 326–41. http://dx.doi.org/10.1016/j.jmacro.2012.01.002.

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Stawska, Joanna. "Dependencies between Variables from the Area of the Monetary and Fiscal Policy in the European Union Countries." Comparative Economic Research. Central and Eastern Europe 24, no. 1 (2021): 7–25. http://dx.doi.org/10.18778/1508-2008.24.01.

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Research background: The core of coordinating a monetary and fiscal policy (policy mix) is based on combining both policies to achieve goals related to price stability, as well as economic growth and employment. In turn, the decisions of economic authorities in the monetary-fiscal game have a significant impact on economic variables in the economy. In the economic literature, the importance of monetary and fiscal policy coordination is emphasized as it has a positive effect on the stability of the economy. Purpose of the article: The aim of the article is to identify the dependencies between v

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Barnichon, Regis, and Geert Mesters. "A Sufficient Statistics Approach for Macro Policy Evaluation." Federal Reserve Bank of San Francisco, Working Paper Series 2022, no. 15 (2022): 01–41. http://dx.doi.org/10.24148/wp2022-15.

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The evaluation of macroeconomic policy decisions has traditionally relied on the formulation of a specific economic model. In this work, we show that two statistics are sufficient to detect, often even correct, non-optimal policies, i.e., policies that do not minimize the loss function. The two sufficient statistics are (i) the effects of policy shocks on the policy objectives, and (ii) forecasts for the policy objectives conditional on the policy decision. Both statistics can be estimated without relying on a specific model. We illustrate the method by studying US monetary policy decisions.

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VASILE, Eliza-Alexandra, and Gabriela DOBROTĂ. "TO WHAT EXTENT DO THE MONETARY POLICY DECISIONS LEAD TO THE FULFILLMENT OF THE OBJECTIVE OF THE NATIONAL BANK OF ROMANIA?" Revista Economica 75, no. 4 (2023): 94–109. https://doi.org/10.56043/reveco-2023-0041.

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Monetary policy has had perhaps the most controversial definition and evolution over time, starting from maintaining the target of the gold standard, to creating a regulated set of measures and strategies by which the competent monetary authorities fulfill their main objective of keeping price stability. Considering the magnitude of the inflationary phenomenon in recent years, the Central Bank acted promptly and made several changes to monetary policy decisions. This research employs econometric analysis to address the query: "To what extent does the consumer price index impact monetary policy

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Vasile, Eliza-Alexandra, and Gabriela Dobrotă. "TO WHAT EXTENT DO THE MONETARY POLICY DECISIONS LEAD TO THE FULFILLMENT OF THE OBJECTIVE OF THE NATIONAL BANK OF ROMANIA?" Revista Economica 75, no. 4 (2023): 94–109. https://doi.org/10.56043/reveco-2023-0041.

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Monetary policy has had perhaps the most controversial definition and evolution over time, starting from maintaining the target of the gold standard, to creating a regulated set of measures and strategies by which the competent monetary authorities fulfill their main objective of keeping price stability. Considering the magnitude of the inflationary phenomenon in recent years, the Central Bank acted promptly and made several changes to monetary policy decisions. This research employs econometric analysis to address the query: "To what extent does the consumer price index impact monetary policy

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Tchereni, Betchani, and Songezo Mpini. "Monetary policy shocks and stock market volatility in emerging markets." Risk Governance and Control: Financial Markets and Institutions 10, no. 3 (2020): 50–61. http://dx.doi.org/10.22495/rgcv10i3p4.

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This paper examines the effect of monetary policy decisions on stock markets in emerging economies particularly South Africa for the period 2000Q1 to 2016Q4. This is important as the monetary authorities would understand how their decisions may cause reactions to the stock market. Monetary policy directly shocks money supply and repo rate and indirectly GDP and inflation among many macroeconomic variables. A hypothesis that stock markets do not respond to monetary policy determinations is formulated and tested using a two-stage approach by employing first the vector error correction model to d

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ZHAO, Wen. "The Role of Big Data in Shaping Monetary Policy Decisions: A Statistical Analysis." Advances in Economics, Management and Political Sciences 153, no. 1 (2025): 103–8. https://doi.org/10.54254/2754-1169/2024.19511.

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The significant role of big data in monetary policy concerns central banks in the current era, with central banks in the modern era searching for data-driven real-time insights to improve monetary policy forecasting quality. This paper gives a comprehensive analysis of how big data can give decision support, specifically in the issues of inflation, interest rates, and unemployment. With an example of JPMorgan Chase and assumed data about the Federal Reserve Economic Data (FRED) collection and social media sentiment analysis, the purpose of the study is to show that using big data analytics for

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Qvigstad, Jan Fredrik. "How to draft ‘good’ minutes of monetary policy decisions." Economic Affairs 39, no. 1 (2019): 44–64. http://dx.doi.org/10.1111/ecaf.12329.

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Ferreira de Mendonça, Helder, and Ivando Faria. "Financial market reactions to announcements of monetary policy decisions." Journal of Economic Studies 40, no. 1 (2013): 54–70. http://dx.doi.org/10.1108/01443581311283501.

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Coppola, Frances. "The political economy of inflation." European Journal of Economics and Economic Policies: Intervention 18, no. 3 (2021): 331–43. http://dx.doi.org/10.4337/ejeep.2021.03.07.

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For the last 40 years, macroeconomics has been dominated by Milton Friedman’s view that inflation occurs when the supply of money rises more quickly than economic output – ‘too much money chasing too few goods’, as the saying goes. If inflation is always due to an imbalance of money supply and output, central banks alone determine the path of inflation, and fiscal policy merely has a redistributive function. This paper draws on historical and empirical evidence as well as recent theoretical literature to show that this view is mistaken. Monetary policy has redistributive effects, and fiscal po

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Hincu, Mariana. "Transmission Mechanism of Monetary Policy Decisions and the Effects on the Real Economy." Economica, no. 4(126) (December 2023): 99–104. http://dx.doi.org/10.53486/econ.2023.126.099.

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The article tackles the role of monetary policy in the context of instabilities happening in the economy over the last years. The major objective of central banks is to provide price stability, thus, maintaining a stable economic framework is their main concern. This issue is particularly important nowadays as countries have been facing multiple economic crises, which have caused waves of uncertainty and emphasized economic vulnerability. Namely for this reason, there are more and more studies that analyse the effect of monetary policy decisions on prices and economic growth (GDP growth). Prac

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Shah, Muhammad Abdul Rehman, Kashif Raza, and Manzoor Ahmad Alazhari. "An Introduction to Monetary Policy Framework in Pakistan: Instruments, Objectives, and Mechanism." Pakistan Journal of Economic Studies 1, no. 2 (2018): 111–29. https://doi.org/10.5281/zenodo.4633251.

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<em>In an economy, a central bank's behavior in formulating monetary policy is characterized by some specific actions. These actions meet the complex process of decisions about how a central bank regulates its policy instruments responding to the macroeconomic environment. In the case of Pakistan, the State Bank of Pakistan (SBP) has the mandate to regulate the monetary and credit system through a variety of monetary policy instruments and implementation mechanisms. Despite empirical studies on the subject, the monetary policy mechanism of SBP is comparatively less explored by connecting t

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Rumasukun, Mohammad Ridwan. "The Effect of Global Monetary Policy Changes on the Financial Strategy of International Companies." Golden Ratio of Mapping Idea and Literature Format 4, no. 2 (2024): 167–82. http://dx.doi.org/10.52970/grmilf.v4i2.397.

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In the interconnected global economy, the financial strategies of international corporations play a crucial role in navigating the dynamic landscape shaped by various factors, including monetary policies set by central banks worldwide. This narrative explores the intricate interplay between global monetary policy changes and the financial strategies of multinational corporations, investigating how shifts in these policies reverberate across borders, impacting corporate decision-making, risk management, and performance. Over recent decades, significant transformations in monetary policy framewo

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Didenko, V. Yu. "Monetary peculiarities of the financial behavior of the population." Vestnik Universiteta, no. 3 (May 2, 2022): 145–55. http://dx.doi.org/10.26425/1816-4277-2022-3-145-155.

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The financial behavior of the population remains one of the little-studied encounters with the monetary economy. To study the desired reaction of the population to that carried out by the controller, the nature of people’s financial decisions is required, such as: their motives, prejudice, performance. In this regard, the article analyzes the main provisions in psychology that can be claimed by monetary regulators. The article reveals the features of a person’s financial behavior in shaping the policy of monetary regulators for the growth of the Bank of Russia. A volumetric analysis of reporti

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Nyati, Malibongwe Cyprian, Paul-Francois Muzindutsi, and Christian Keketse Tipoy. "Macroprudential and Monetary Policy Interactions and Coordination in South Africa: Evidence from Business and Financial Cycle Synchronisation." Economies 11, no. 11 (2023): 272. http://dx.doi.org/10.3390/economies11110272.

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The article reports on the interactions and possibility of coordination between macroprudential and monetary policies in South Africa, based on business and financial cycles synchronisation. To this end, relying on financial and economic time series indicators spanning the period 2000M01–2018M12, a two-step Markov switching dynamic factor model was adopted for the measurement of composite indices, while both the dynamic conditional correlations and asymmetric generalised dynamic conditional correlations models were adopted for synchronisation analysis, together with the Metcalfe scale of coord

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Afsar, Muharrem, Aslı Afsar, and Emrah Dogan. "The Effect of Monetary Policy on Interest Rates in Turkey: A Microstructural Analysis." Business and Economic Research 7, no. 2 (2017): 299. http://dx.doi.org/10.5296/ber.v7i2.11683.

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The purpose of this study it to investigate the impact of monetary policy announcements by Central Bank of the Turkish Republic (CBRT) on market interest rates via micro variables on interest rates. In this context, this study investigated the relationship between monetary policy announcements and market interest rates for 2011:01-2015:10 term using GARCH model. The estimates have indicated that monetary policy announcements have different impacts on interest rate volatilities when distinguished as decisions on increasing, decreasing or fixing interest rates. It was found that contractionary m

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Salsano, Francesco. "Monetary Policy Capture and Political Stabilization." International Journal of Economics and Finance 12, no. 1 (2019): 8. http://dx.doi.org/10.5539/ijef.v12n1p8.

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The paper is an extension of the Gabillon and Martimort model (2004), which studies how the independence of the institution in charge of monetary policy may stabilize inflationary fluctuations due to political uncertainty when the economy is characterized by lobbies that seek to promote their own interests to the detriment of the general interests of society. This extension strengthens the hypothesis that the independence of the CB is the best institutional design with which to protect the general interests of ‘society’. In fact, a Central Banker independent from the political principal that a

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Perkins, Andrew James. "The Legal and Economic Questions posed by the German Constitutional Court’s decision in the Public Sector Purchase Programme (PSPP) Case." ATHENS JOURNAL OF LAW 7, no. 3 (2021): 399–412. http://dx.doi.org/10.30958/ajl.7-3-7.

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This paper seeks to explore the PSPP decision of the German Constitutional Court and its effect on the monetary policy decisions taken by central banks. It begins by exploring the decision and its effect in Germany, together with its wider implications for the European Monetary Union before moving onto consider the standard of review that should be applied by the Courts when they are required to review central banks actions. Conclusions are reached to show that any standard of review should be limited because of the unique economic and political circumstances in which central bank decision mak

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Gorbunov, Maksim Aleksandrovich. "Monetary policy of Russia at the present historical stage: the main directions, assessment and relationship with fiscal policy." Vestnik of Astrakhan State Technical University. Series: Economics 2024, no. 2 (2024): 138–47. http://dx.doi.org/10.24143/2073-5537-2024-2-138-147.

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The key features of the implementation of the monetary policy of the Russian Federation at the present historical stage of development are considered, its main directions and conditions of implementation, methodological base are given. The analysis of draft regulatory documents was carried out, first of all, “The main directions of the unified state monetary policy for 2024 and the period 2025 and 2026”. A detailed analysis of the current economic situation and key decisions of the Central Bank of the Russian Federation is provided, as well as a forecast of the main trends in monetary policy i

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Da Costa Filho, Adonias Evaristo. "Identification of monetary shocks through the yield curve: Evidence for Brazil." Brazilian Review of Finance 19, no. 1 (2021): 24–51. http://dx.doi.org/10.12660/rbfin.v19n1.2021.81703.

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This paper derives a new measure of monetary shock for Brazil based on the yield curve. First, the Diebold and Li (2006) model is estimated with nominal yields. The changes of the latent variables of this model surrounding monetary policy meetings are used to analyze the effects on the Brazilian economy. Monetary policy decisions associated with steeper yield curves lead to higher future economic activity.

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