The Macroeconomics of Central Bank Issued Digital Currencies

By John Barrdear, Michael Kumhof. 2016

276 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Information Systems

View Paper: https://www.semanticscholar.org/paper/40083b9e13ef1c08b9b687d7b0f6f3117c4107a4

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Seyed Mohammadreza Davoodalhosseini
2. Giovanni Dell'Ariccia
3. Frank Smets
4. Luc Laeven

In Finance

1. Seyed Mohammadreza Davoodalhosseini
2. Walter Engert
3. Giovanni Dell'Ariccia
4. B. Fung
5. Luc Laeven
6. Thorsten Beck
7. Frank Smets
8. Stijn Claessens

In Information Systems

1. Seyed Mohammadreza Davoodalhosseini
2. Giovanni Dell'Ariccia

Citations in the corpus

• Central Bank Digital Currency: Motivations and Implications (2017, background): “The effects of CBDC on monetary policy, the financial system and the wider economy could be significant; see, for example, Barrdear and Kumhof (2016), Mersch (2017a), Sams (2015) and Koning (2014).”
• Designing Central Bank Digital Currencies (2019, background): “On the relationship between CBDC and monetary transmission, see Agarwal and Kimball (2015, 2019), Assenmacher and Krogstrup (2018), Barrdear and Kumhof (2016), Bordo and Levin (2017), Bjerg (2017), Davoodalhosseini (2018), Goodfriend (2016), Meaning et al. (2018), and Niepelt (2018).”
• Central bank digital currency and monetary policy (2021, background): “Finally, on estimating the costs and benefits of issuing CBDC, Barrdear and Kumhof (2016) estimate that CBDC issuance could increase GDP by as much as 3%, mostly through lowering the real interest rates.”
• Central Bank Digital Currency in an Open Economy (2020, unknown): “For instance, Barrdear and Kumhof (2016) propose a DSGE model calibrated on US data to study the domestic implications of CDBC issuance.”