Greening Q.E.: Evaluating effects of Green Quantitative Easing on Global Warming using a global ecological macroeconomic model

Current implementation of Quantitative Easing (QE) by the European Central Bank (ECB) contributes to global warming and counteracts a transition to a carbon-free economy. The research formulates green alternatives for current QE policy that are consistent with the ECB’s mandate. Evaluation in a stock-flow-fund ecological macroeconomic model...

Monetary Reform: System Dynamics Modeling of Full Reserve Banking System: Technical and conceptual specifications of the Full Reserve Banking system model and an analysis on the effect of the Full Reserve Banking system

In this thesis, the System Dynamics (SD) model of the Full Reserve Banking (FRB) system built by Van Egmond and De Vries (2016) has been reviewed and improved. The improved model is used to see the effect of FRB system in preventing a long-lasting recession as one occurred in 2008. FRB system is a monetary reform which attempts to separate...

Monetary Policy Analysis on the Dutch Economy: The macro-economic implications of monetary policy and macro prudential measures in the Dutch economy from a Keynesian and Classic perspective

The main focus of monetary policy is price stability, but steady growth and financial stability also depend on monetary policy. Adequate monetary policy is a crucial part of a well performing economy. Central banks are able to deploy multiple monetary policy measures. <br/>Setting the rate on marginal lending facilities, on main refinance...

How Should Central Banks Respond to Inflating Real Estate Bubbles: A Qualitative Assessment of Industry Professionals’ Perceptions

Central Banks do not respond to inflating real estate bubbles, but abide a policy that ‘mops up’ the damage after their collapse with the conventional tools of monetary policy. The financial crisis of 2008 disclosed the flaws of this method, which triggered a controversial debate among policymakers and economists. Currently there is an elevated...

Inflation Targeting: A Reconsideration

In response to the abandonment of monetary targeting, Inflation targeting (IT) has emerged as a dominant monetary policy framework in both industrializing and industrialized countries. The framework was aimed to provide a new anchor for conducting monetary policy, and the theoretical underpinnings of this framework are based on two things: First...