Tag: Inflation

Green Money Without Inflation

| 7 March 2019
Blog, Monetary | Tags: Environment, European Central Bank, Inflation, Quantitative Easing
To what extent can the money created by the central bank be used to finance investments in the environment? This is a question that is often asked today. The green activists respond with enthusiasm that the central bank, and in particular the European Central Bank ... continue reading

Aggregate and Distributive Effects of Unconventional Monetary Policies

9-10 November, 2017
Monetary, Workshops | Tags: Inequality, Inflation, Interest Rates, QE
Co-organized with the Swiss National Bank and the Study Center Gerzensee ... continue reading

Monetary Policy and the Redistribution Channel

| 28 June 2017
Monetary, Working Papers | Tags: Income Inequality, Inflation, Interest Rates
This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three channels affect aggregate spending when winners and losers have different marginal propensities to consume: an earnings heterogeneity channel from unequal income gains, a Fisher channel from unexpected inflation, ... continue reading

Monetary Policy, Macroprudential Regulation and Inequality

3-4 October 2016
Monetary, Workshops | Tags: Financial Stability, Inequality, Inflation, Interest Rates, Macroprudential, QE
Co-organized with the International Monetary Fund ... continue reading

Looking for a Way out the Subsidies Labyrinth in Argentina

| 16 October 2015
Blog, Fiscal, Monetary | Tags: Energy, Inflation, Subsidies
In the midst of a heated electoral campaign, subsidies are at the centre of the political debate in Argentina. Shock or gradual approaches to reform those transfers have emerged as the buzzwords of the moment as the presidential race heats up. ... continue reading