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Why do financial market experts misperceive future monetary policy decisions?
Schmidt, Sandra; Nautz, Dieter - 2010
This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
Persistent link: https://www.econbiz.de/10008663415
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The (in)stability of money demand in the Euro area
Nautz, Dieter; Rondorf, Ulrike - 2010
instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of … analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the … ; euro area …
Persistent link: https://www.econbiz.de/10008664568
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Why do financial market experts misperceive future monetary policy decisions?
Schmidt, Sandra; Nautz, Dieter - 2010
Persistent link: https://www.econbiz.de/10008907954
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The (in)stability of money demand in the Euro Area : lessons from a cross-country analysis
Nautz, Dieter; Rondorf, Ulrike - 2010
instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of … analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the … ; euro area …
Persistent link: https://www.econbiz.de/10003953045
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Why do financial market experts misperceive future monetary policy decisions?
Schmidt, Sandra; Nautz, Dieter - 2010
This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
Persistent link: https://www.econbiz.de/10003989026
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Why Do Financial Market Experts Misperceive Future Monetary Policy Decisions?
Schmidt, Sandra - 2010
This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
Persistent link: https://www.econbiz.de/10013139861
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Inflation and Relative Price Variability in the Euro Area : Evidence from a Panel Threshold Model
Nautz, Dieter - 2016
Persistent link: https://www.econbiz.de/10012991190
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Divisia monetary aggregates for a heterogeneous euro area
Brill, Maximilian C.; Nautz, Dieter; Sieckmann, Lea - In: Empirica : journal of european economics 48 (2021) 1, pp. 247-278
Persistent link: https://www.econbiz.de/10012487650
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Divisia monetary aggregates for a heterogeneous euro area
Brill, Maximilian; Nautz, Dieter; Sieckmann, Lea - 2019 - This version: June 25, 2019
We introduce a Divisia monetary aggregate for the euro area that accounts for the heterogeneity across member countries … both, in terms of interest rates and the decomposition of monetary assets. In most of the euro area countries, the … the simple sum aggregate has a significant predictive content for recessions in euro area countries. …
Persistent link: https://www.econbiz.de/10012023395
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Why do financial market experts misperceive future monetary policy decisions?
Schmidt, Sandra; Nautz, Dieter - 2010
This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
Persistent link: https://www.econbiz.de/10010300740