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Monetary policy committees : meetings and outcomes

Berk, Jan Marc; Bierut, Beata - 2008

Persistent link: https://www.econbiz.de/10003766131

Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - 2018

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting...

Persistent link: https://www.econbiz.de/10011790769

Central Bank communication and monetary policy : a survey of theory and evidence

Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - 2008

Persistent link: https://www.econbiz.de/10003686644

When is foreign exchange intervention effective? : evidence from 33 Countries

Fratzscher, Marcel; Gloede, Oliver; Menkhoff, Lukas; … - 2015

This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and a highly effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works very well in terms...

Persistent link: https://www.econbiz.de/10011382669

When is foreign exchange intervention effective? : evidence from 33 countries

Fratzscher, Marcel; Gloede, Oliver; Menkhoff, Lukas; … - 2017 - Revised version: April 2017

This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing...

Persistent link: https://www.econbiz.de/10011638977

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

The anchoring of European inflation expectations

Berk, Jan Marc; Hebbink, Gerbert - 2006

Persistent link: https://www.econbiz.de/10003383065

The dynamic voting patterns of the Bank of England's MPC

Berk, Jan Marc; Bierut, Beata; Meade, Ellen E. - 2010

Persistent link: https://www.econbiz.de/10008657911

Reform der geldpolitischen Strategie der Europäischen Zentralbank

Lommatzsch, Kirsten; Tober, Silke - In: DIW Wochenbericht 70 (2003) 7, pp. 110-117

Über die geldpolitische Strategie der Europäischen Zentralbank (EZB) ist in den vier Jahren ihres Bestehens vielfach …. Für ein deutlich über null liegendes Inflationsziel der Zentralbank spricht zudem, dass Qualitätsverbesserungen bei der … Inflationsmessung unvollständig erfasst werden und die Zentralbank bei konjunkturellen Übersteigerungen oder Einbrüchen einen gewissen …

Persistent link: https://www.econbiz.de/10011601416

On the international spillovers of US quantitative easing

Fratzscher, Marcel; Lo Duca, Marco; Straub, Roland - 2013

The paper analyses the global spillovers of the Federal Reserve's unconventional monetary policy measures. First, we find that Fed measures in the early phase of the crisis (QE1), but not since 2010 (QE2), were highly effective in lowering sovereign yields and raising equity markets in the US...

Persistent link: https://www.econbiz.de/10009763863