Simulating the effects of economic policy changes: classroom implementation of a macro-microeconomic policy analysis model

This paper investigates asset prices volatility in China's macroeconomic fluctuations and the dynamic transmission mechanism of monetary policy shocks within a new Keynesian dynamic stochastic general equilibrium model. Parameters are estimated by ...

The introduction of Central Bank of Nigeria CBN Cash-less policy is expected to stimulate economic growth through modernisation of the payment system, reduction in cost of credit as well as improving the effectiveness of monetary policy. Economic growth ...

Considering three monetary policy rules, together with two endogenous macroprudential policies that are credit constraints (loan to value, LTV) for households and counter-cyclical capital (capital requirement ratio, CRR) for bankers, this paper ...