What are the key challenges in achieving effective policy coordination across different branches of government?

Our results are as follows. First, we find that firms' bank loan expectations react to monetary policy, with a contractionary shock leading to a downward. Fiscal policy that increases aggregate demand directly through an increase in government spending is typically called expansionary or “loose.” By contrast, ... Contractionary monetary policy surprises increase income inequality, and most of this effect is due to the response of labor income (income attributed to ... Contractionary monetary policy during 2009–2015 caused shadow banking loans to rise rapidly, offsetting the expected decline of traditional bank loans and ... Jun 7, 2023 ... Tightening driven by contractionary monetary policy shocks leads to a decline in the stock market, while tightening driven by positive ... policy on output is answered clearly: contractionary monetary policy leads to contractions in real GDP. H. Uhlig / Journal of Monetary Economics 52 (2005) 381– ... contractionary monetary policy exerts an important reallocation effect by cleansing unproductive firms and enhancing aggregate productivity. At the same ... Jan 19, 2023 ... Using a VAR model, Amarasekara (Citation2008) finds that contractionary monetary policy shock decreases output and inflation while causing the ... Jun 29, 2023 ... What's the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, ... May 24, 2017 ... Summary. Using VAR models for the USA, we find that a contractionary monetary policy shock has a persistent negative impact on the level of ...