LUISS Guido Carli

Displaying 1-3 of 3 results

  • White Papers // Jul 2011

    Are Unconventional Monetary Policies Effective?

    This paper evaluates the impact of unconventional and conventional monetary policies in the U.S. on the Libor-OIS spread, long-term interest rates and long-term inflation expectations. To this purpose the authors investigate the behavior of selected asset yields on the days of monetary policy announcements. They find that liquidity facilities other...

    Provided By LUISS Guido Carli

  • White Papers // Jun 2011

    Monetary Policy, Liquidity Stress And Learning Dynamics

    This paper examines the interactions between monetary policy and stability of interbank money markets. After showing some empirical evidence of a central bank's concern for money market stability, the author derives a forward smoothing interest rate rule moving from an explicit target in terms of a liquidity stress indicator. The...

    Provided By LUISS Guido Carli

  • White Papers // Jan 2011

    Induced Innovation, Endogenous Growth, And Income Distribution: A Model Along Classical Lines

    This paper presents a classical micro-founded growth model with endogenous direction and size of technical change. In a standard induced innovation model firms freely adopt productivity improvements from an innovation possibilities frontier describing the trade-off between increasing capital or labor productivity. The shape of the innovation possibility frontier uniquely determines...

    Provided By LUISS Guido Carli

  • White Papers // Jan 2011

    Induced Innovation, Endogenous Growth, And Income Distribution: A Model Along Classical Lines

    This paper presents a classical micro-founded growth model with endogenous direction and size of technical change. In a standard induced innovation model firms freely adopt productivity improvements from an innovation possibilities frontier describing the trade-off between increasing capital or labor productivity. The shape of the innovation possibility frontier uniquely determines...

    Provided By LUISS Guido Carli

  • White Papers // Jul 2011

    Are Unconventional Monetary Policies Effective?

    This paper evaluates the impact of unconventional and conventional monetary policies in the U.S. on the Libor-OIS spread, long-term interest rates and long-term inflation expectations. To this purpose the authors investigate the behavior of selected asset yields on the days of monetary policy announcements. They find that liquidity facilities other...

    Provided By LUISS Guido Carli

  • White Papers // Jun 2011

    Monetary Policy, Liquidity Stress And Learning Dynamics

    This paper examines the interactions between monetary policy and stability of interbank money markets. After showing some empirical evidence of a central bank's concern for money market stability, the author derives a forward smoothing interest rate rule moving from an explicit target in terms of a liquidity stress indicator. The...

    Provided By LUISS Guido Carli