The issue of financial problems among the elderly has garnered the attention of multiple
generations. In 2018, Taiwan formally attained an ageing society status. In order to address …

Research background: The globalization trend has inevitably enhanced the connectivity of
global financial markets, making the cyclicality of financial activities and the spread of market …

This paper aims at assessing the macroeconomic impact of unconventional monetary
policies (UMPs) that the ECB has put in place in the euro area after the 2007 financial crisis …

In this paper we revisit the Canadian experience with floating exchange rates since 1950.
Canada was a pioneer in successfully adopting a floating exchange rate during the Bretton …

This paper studies the informational content of speeches of Fed officials, focusing on
financial stability, from 1997 to 2018. We construct indicators that measure the intensity and …

Domestic monetary conditions are often cited as a driver of monetary stimulus. This paper
estimates an oil price augmented forward-looking reaction function for Nigeria's …

In recent years, there has been a surge in capital inflows to the United States' treasury and
corporate bond markets from other countries. How do these inflows affect economic activity …

This paper assesses the macroeconomic impact of ECB's unconventional monetary policies.
First, we show that: i) the relevance of the transmission channels has changed over time …

Faced with COVID-19 crisis, central banks have once again become one of the key players
in the economies. The aim of this article is to analyse the actions of Central and Eastern …

Is the effect of US monetary policy on stock price bubbles asymmetric? To explore this
question, we compute a range of measures of excessive stock price variations that are …