Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 5 of 5 for “"Balance Sheet Channel"”.
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Essays on finance and macroeconomics
… Chapter 1 studies the origin and propagation of balance sheet recessions. I first show that in standard models driven by TFP shocks, the balance sheet channel disappears when agents are allowed to write contracts on the aggregate state of the economy. In contrast, I show how uncertainty shocks …
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Essays on International Macroeconomics and Finance
… to respond to global business cycles and imbalances? To answer this question, this chapter develops an analytically tractable two-country framework where FXI balances internal and external objectives and characterises the optimal monetary policy and FXI rules in a closed form. Under …
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Transmission of US monetary policy to the world economies. A time varying multi-country factor augmented vector autoregressive approach
… techniques. I first examine all the possible channels through which a policy shock is transmitted in each country. In general the transmission of the shock hides considerable heterogeneity across the countries. I find that trade balance is not a convincing channel in describing the pass …
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Structural changes and financial frictions in the monetary transmission mechanism : GMM, VAR and Bayesian DSGE approaches
… it investigates the MTM and the dynamics of the channels before and after the GFC. Third, it explores the role of credit supply shocks and addresses if the issue of credit supply shocks has a plausible macroeconomic effects in the UK economy. Fourth, it addresses the issue of structural changes …
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The Impact of Monetary Policy, Sterilised Forex Intervention, Demand and Supply Shocks on Credit in Uganda
… Uganda. It also investigates for evidence of a balance sheet transmission channel and tests whether some sectors in the Ugandan economy are disproportionately affected by monetary policy. I document that a balance sheet channel is present, and the real estate and agricultural sectors of the …