Soft monetary constraint and shortage in the European sovereign debt economy

Nenovsky, Nikolay

doi:10.1007/s11138-022-00584-x

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Combined Supply‐and‐demand Allocation1

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2023

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Cited by 2 publications

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“…When there are sustained shortages, imperfect product‐substitution behaviors of flexible consumers best explain the market dynamics (Kornai, 1980; Magnin and Nenovsky, 2022). However, there are also brand‐loyalty and source‐loyalty responses in which inflexible consumers would rather go without than accept an alternative product or seller (Chishty et al ., 2015; Timmerman and Hajszan, 2016; Van Woensel et al ., 2007).…”

Section: Combined Supply‐and‐demand Allocationmentioning

confidence: 99%

Disequilibrium supply‐and‐demand allocation with differentiated products

Backus

2023

System Dynamics Review

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Section: Combined Supply‐and‐demand Allocationmentioning

confidence: 99%

Disequilibrium supply‐and‐demand allocation with differentiated products

Backus

2023

System Dynamics Review

View full text Add to dashboard Cite

Post-Pandemic Greenness? How Central Banks Use Narratives to Become Green

Șimandan

Păun²,

Glavan

2023

Sustainability

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Suggested only a few years ago, green central banking has received a new impetus with the central bank interventions implemented in the wake of the COVID-19 pandemic. Several central banks, with the European Central Bank (ECB) and the Bank of England (BoE) being prominent examples, have stepped up their public communication on this issue in an effort to explain and justify their planned or ongoing policy actions. Carefully recorded and easy to find, these public communication messages are a rich source of insight into the process of monetary policy formation. In this article, we analyze the messages from two central banks, with the primary objective of identifying the narratives they use (if any) and describing the key features of these narratives, thus shedding new light on an ongoing process of policy change. A secondary objective of the article is to contribute to the growing literature related to the use of narratives in public policy by studying narratives in monetary policy through qualitative means, an approach that, to date, has received relatively little attention from scholars. To this end, we discuss two expectations related to the use of policy narratives derived from the literature. Thus, we hope to show how the two central banks devise and deploy narratives to help implement an unprecedented turnaround in monetary policy.

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Soft monetary constraint and shortage in the European sovereign debt economy

Cited by 2 publications

References 35 publications

Disequilibrium supply‐and‐demand allocation with differentiated products

Disequilibrium supply‐and‐demand allocation with differentiated products

Post-Pandemic Greenness? How Central Banks Use Narratives to Become Green

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