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International transmission and monetary policy cooperation
Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008
We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...
Persistent link: https://www.econbiz.de/10003636288
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Forecasting with a Bayesian DSGE model : an application to the euro area
Smets, Frank; Wouters, Rafael - 2004
In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. In this paper we illustrate how modern sticky-price dynamic stochastic general equilibrium (DSGE) models, estimated using Bayesian...
Persistent link: https://www.econbiz.de/10003285769
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Alternative tax-benefit strategies to support children in the European Union : recent reforms in Austria, Spain and the UK
Levy, Horacio; Lietz, Christine; Sutherland, Holly - 2006
Persistent link: https://www.econbiz.de/10003286307
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Europäische Medienmärkte: Die Rolle der Wettbewerbspolitik
Budzinski, Oliver - 2008
Persistent link: https://www.econbiz.de/10003864444
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The analysis of coordinated effects in EU merger control : where do we stand after Sony/BMG and Impala?
Aigner, Gisela (contributor); Budzinski, Oliver (contributor) - 2007
institutional and substantive development of EU Merger Control. Firstly, Impala introduces an ambitious symmetric standard of proof …
Persistent link: https://www.econbiz.de/10003417458
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The Oracle/PeopleSoft case : unilateral effects, simulation models and econometrics in contemporary merger control
Budzinski, Oliver (contributor);  … - 2007
An increasingly important part of contemporary merger control both in the US and the EU is unilateral effects analysis … application of these sophisticated economic tools by the EU and US authorities so far. This makes an in-depth study of the case …. Therefore, we highlight certain similarities as well as (minor) differences between the EU and US proceedings. Interestingly …
Persistent link: https://www.econbiz.de/10003417465
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Real wages and monetary policy transmission in the euro area
McCallum, Andrew (contributor); Smets, Frank (contributor) - 2007
We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
Persistent link: https://www.econbiz.de/10003486502
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Using the EU-SILC for policy simulation : prospects, some limitations and suggestions
Figari, Francesco (contributor); Levy, Horacio (contributor) - 2007
Persistent link: https://www.econbiz.de/10003407707
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The analysis of coordinated effects in EU merger control: where do we stand after Sony/BMG and Impala?
Aigner, Gisela (contributor); Budzinski, Oliver (contributor) - 2006
Persistent link: https://www.econbiz.de/10003423917
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Alternative tax-benefit strategies to support children in the European Union : recent reforms in Austria, Spain and the UK
Levy, Horacio (contributor); Lietz, Christine (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003451969