Search Results - "Currency policy" OR "Dollarisation" OR "International economic relations" OR "International financial system" OR "Monetary policy"

The effect of inflation targets on the level of expected inflation in five countries

Johnson, David R. (contributor) - 1999 - Rev. Mar 7/05

explicit numerical targets for inflation as the focus of monetary policy. This paper measures the effect of inflation … impact on expected inflation of three announcements concerning Canadian monetary policy. One announcement was the … monetary policy. Bernanke et al. (1999) present thorough case studies of inflation targets in our five countries. 2 The …

Persistent link: https://www.econbiz.de/10003734459

Calvo pricing and imperfect common knowledge : a forward looking model of rational inflation inertia

Nimark, Kristoffer P. (contributor) - 2005

monetary policy authority that sets the nominal interest rate. The model is standard, except for the structure of the exoge …

Persistent link: https://www.econbiz.de/10003001679

Optimal research in financial markets with heterogeneous private information : a rational expectations model

Tinn, Katrin (contributor) - 2005

This paper investigates prices and endogenous research decision for financial assets. In rational expectations models with public information, higher order beliefs make investors to overweight the public information relative to underlying fundamentals. The extent of this mispricing is higher if...

Persistent link: https://www.econbiz.de/10003014962

Cross-country efficiency of secondary education provision : a semi-parametric analysis with non-discretionary inputs

Afonso, António (contributor); … - 2005

We address the efficiency of expenditure in education provision by comparing the output (PISA results) from the educational system of 25, mostly OECD, countries with resources employed (teachers per student, time spent at school). We estimate a semi-parametric model of the education production...

Persistent link: https://www.econbiz.de/10003014986

World trade and global integration in production processes : a re-assessment of import demand equations

Barrell, Ray (contributor); Dées, Stéphane (contributor) - 2005

It is common to observe that demand elasticities in trade equations for imports are implausibly large, and that they differ between countries. Both of these present us with problems, as they imply trade will rise without bound as a proportion of GDP. The research reported here looks for...

Persistent link: https://www.econbiz.de/10003023475

Housing and the business cycle

Davis, Morris A. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001864996

Solving linear difference systems with lagged expectations by a method of undetermined coefficients

Wang, Pengfei (contributor); Wen, Yi (contributor) - 2006 - Rev.

, and C. Evans, 2005, Nominal rigidities and the dynamic e�ects of a shock to monetary policy, Journal of Political Economy …

Persistent link: https://www.econbiz.de/10003739608

On the needed quantity of government debt

Birkeland, Kathryn (contributor); … - 2006

/October): 721-54 Lucas, Robert E., Jr. and Nancy L. Stokey. 1983. Optimal Fiscal and Monetary Policy in An Economy Without …

Persistent link: https://www.econbiz.de/10003485989

East Germany's wage gap : a non-parametric decomposition based on establishment characteristics

Görzig, Bernd (contributor); Gornig, Martin (contributor); … - 2006

East German wages have been below the West German wage level since unification. Moreover, the East-West wage gap implied by the contractual wages specified in collective wage agreements is drifting ever further apart from the wage gap in terms of effective wages. This paper looks at the role of...

Persistent link: https://www.econbiz.de/10003375735

Firm specific wage spread in Germany : decomposition of regional differences in inter firm wage dispersion

Görzig, Bernd (contributor); Gornig, Martin (contributor); … - 2006

The purpose of this paper is to sort out firm-related differences from effects that result from different economic structures. A non-parametric decomposition is used to analyse firm level difference between the wage spread in the two major regions of unified Germany. If firm-specific effects...

Persistent link: https://www.econbiz.de/10003375745