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Persistent link: https://www.econbiz.de/10008907407
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This Paper comments on the role of the Monetary Dialogue in the context of an evolving monetary policy. The discussion is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB’s model choice and data revision policies in inflation...
Persistent link: https://www.econbiz.de/10010259542
Das Kommunikationsverhalten der EZB wird verschiedentlich kritisiert. Zwei Instrumente, mehr Transparenz und Forward Guidance, stehen dabei im Mittelpunkt. Die Veröffentlichung von Protokollen der EZB-Ratssitzungen wird immer wieder angemahnt, und die EZB gibt mittlerweile eine Vorausschau auf...
Persistent link: https://www.econbiz.de/10010370748
This paper comments on the role of the Monetary Dialogue in the context of an evolving monetary policy. The discussion is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB’s model choice and data revision policies in inflation...
Persistent link: https://www.econbiz.de/10010350483
paper makes an assessment of feasible options to improve finance access of SMEs, available to EU institutions as well as to …
Persistent link: https://www.econbiz.de/10010255130
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011446695
We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization scheme based on the multilinear extension (MLE) of...
Persistent link: https://www.econbiz.de/10010208783
paper makes an assessment of feasible options to improve finance access of SMEs, available to EU institutions as well as to … Verbesserung des Finanzmarktzugangs für KMU, die sowohl den EU-Institutionen als auch der EZB im Rahmen ihres Mandats zur Sicherung …
Persistent link: https://www.econbiz.de/10009779172
This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....
Persistent link: https://www.econbiz.de/10012063951