Andere Kunden interessierten sich auch für
![Asymmetric Information: Evidence from Chinese IPOs]( "Asymmetric Information: Evidence from Chinese IPOs")
Asymmetric Information: Evidence from Chinese IPOs34,99 €![Weak Asymmetric Power and Looser Coordination among Value Chain Actors]( "Weak Asymmetric Power and Looser Coordination among Value Chain Actors")
Weak Asymmetric Power and Looser Coordination among Value Chain Actors42,99 €![Financial reforms and corporate dividend policy:]( "Financial reforms and corporate dividend policy:")
Financial reforms and corporate dividend policy:33,99 €![Monograph for Southern African Agricultural and Food Policy:]( "Monograph for Southern African Agricultural and Food Policy:")
Monograph for Southern African Agricultural and Food Policy:33,99 €![Nigerian economy and fiscal policy: face-value assessment]( "Nigerian economy and fiscal policy: face-value assessment")
Nigerian economy and fiscal policy: face-value assessment37,99 €![African Macroeconomic Development Policy: New Perspectives]( "African Macroeconomic Development Policy: New Perspectives")
African Macroeconomic Development Policy: New Perspectives37,99 €![The Purchasing Power Parity: Theory and Evidence]( "The Purchasing Power Parity: Theory and Evidence")
The Purchasing Power Parity: Theory and Evidence20,99 €
Empirical studies have documented the presence of asymmetric effects of monetary policy. In this monograph both empirical and theoretical research is conducted. Firstly, the literature on the asymmetric efects of monetary policy is surveyed. Secondly, an empirical analysis is done: the U.S. data is tested for the asymmetric efects of monetary policy using a Markov-switching model. Finally, as the main part, a theoretical analysis is conducted using a standard New Keynesian model with the Zero Lower Bound constraint on the nominal interest rate. The issue of asymmetries is important for the policymakers in order to conduct a monetary policy in the most effective way.