Central Bank Equity as an Instrument of Monetary Policy

We examine the use of central bank equity as an unconventional monetary policy tool. In this setting, a central bank employs digital currency to transfer digital cash to each household, thus supporting consumption directly when needed. The asset side of the central bank’s balance sheet remains uncha...

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Bibliographic Details
Published in:Comparative economic studies 2020-03, Vol.62 (1), p.49-68
Main Authors: Hampl, Mojmir, Havranek, Tomas
Format: Article
Language:English
Subjects:
Banking
Central banks
Consumption
Digital currencies
Economic theory
Economics
Economics and Finance
Equity
Inflation
International Economics
Meta-analysis
Monetary policy
Money
Political Economy/Economic Systems
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