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Monetary policy aspects of the enlargement of the Euro area

Lommatzsch, Kirsten; Tober, Silke - 2002

Persistent link: https://www.econbiz.de/10001707338

Prudent recalibration required: the ECB's response to the 2022 price shocks : monetary policy challenges 2023

Tober, Silke; Theobald, Thomas - 2023 - Completed on 25 May 2023

The ECB was not slow to react to the rising inflation, but rather reacted very strongly as the price shocks escalated and the supply bottlenecks persisted longer than widely expected. The ECB raised rates later and less forcefully than the Federal Reserve because the inflation dynamics in the...

Persistent link: https://www.econbiz.de/10014289158

Is there an information channel of monetary policy?

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - 2024

Exploiting the heteroscedasticity of the changes in short-term and long-term interest rates and exchange rates around the FOMC announcement, we identify three structural monetary policy shocks. We eliminate the predictable part of the shocks and study their effects on financial variables and...

Persistent link: https://www.econbiz.de/10014560738

Time-varying Nairu and real interest rates in the Euro Area

Logeay, Camille; Tober, Silke - 2003

This paper analyses the Nairu in the Euro Area and the influence that monetary policy had on its development. Using the Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique is applied here for the first time using explicit...

Persistent link: https://www.econbiz.de/10011438545

The effects of natural disasters on price stability in the euro area

Beirne, John; Dafermos, Yannis; Kriwoluzky, Alexander; … - 2021

This paper investigates the impact of natural disasters on price stability in the euro area. We estimate panel and country-specific structural vector autoregression (VAR) models by combining estimated damages of disaster events with monthly data for the Harmonised Index of Consumer Prices (HICP)...

Persistent link: https://www.econbiz.de/10012671834

Herausforderungen für die Wirtschaftspolitik 2010 : Geldpolitik, Finanzpolitik und Arbeitsmarktpolitik in diesem Jahr

Horn, Gustav A.; Sturn, Simon; Tober, Silke; Truger, Achim - 2010

endgültig überwunden werden? Wann und wie soll der Expansionskurs der Fiskal- und Geldpolitik beendet werden? Wie bekommt man …

Persistent link: https://www.econbiz.de/10009503564

Finanzmarktstabilität in Zeiten unkonventioneller Geldpolitik

Theobald, Thomas; Tober, Silke; List, Emanuel - 2015

Lockerung auf einem Niveau, das erhöhte Wachsamkeit verlangt. Gefordert ist nicht die Geldpolitik im engeren Sinne, deren Kurs … Geldpolitik wäre daher auch mit Blick auf die Finanzmarktstabilität sinnvoll. …

Persistent link: https://www.econbiz.de/10011350121

Geldpolitik der EZB : Stabilität ohne "sichere" Staatsanleihen?

Tober, Silke - Institut für Makroökonomie und Konjunkturforschung - 2016

Die stark expansive Geldpolitik der Europäischen Zentralbank zeigt positive Wirkungen. Die Zinsen sind weiter gesunken … Weltwirtschaft verstärkt würden. Die Geldpolitik benötigt daher dringend Unterstützung durch die Fiskalpolitik.Der Euroraum hat zudem … ein zentrales Problem, das nicht nur die Effektivität der Geldpolitik beeinträchtigt, sondern auch die Fiskalpolitik …

Persistent link: https://www.econbiz.de/10011441002

The bank lending channel in a dual banking system : evidence from Malaysia

Caporale, Guglielmo Maria; Catik, A. Nazif; Helmi, … - 2016

This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system including both Islamic and conventional banks, over the period 1994:01-2015:06. A two-regime threshold vector autoregression (TVAR) model is estimated to take into account...

Persistent link: https://www.econbiz.de/10011441470

Monetary policy rules in emerging countries : is there an augmented nonlinear Taylor rule?

Caporale, Guglielmo Maria; Catik, A. Nazif; Helmi, … - 2016

This paper examines the Taylor rule in five emerging economies, namely Indonesia, Israel, South Korea, Thailand, and Turkey. In particular, it investigates whether monetary policy in these countries can be more accurately described by (i) an augmented rule including the exchange rate, as well as...

Persistent link: https://www.econbiz.de/10011486466