Similar Search Results

Subdued inflation, targets and monetary policy cooperation : monetary dialogue September 2019 : in-depth analysis requested by the ECON Committee

Hughes Hallett, Andrew - Europäisches Parlament / Policy Department for … - 2019

Persistent link: https://www.econbiz.de/10012105667

Coordination without explicit cooperation : monetary-fiscal interactions in an era of demographic change

Hughes Hallett, Andrew - 2008

Persistent link: https://www.econbiz.de/10013445833

International transmission and monetary policy cooperation

Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008

policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and … cooperation. For example, increasing the trade shares to 32 percent of GDP in both regions, the gains from cooperation rise to … about 1 percent of steady-state consumption. By decomposing the sources of the gains from cooperation with respect to the …

Persistent link: https://www.econbiz.de/10003636288

Fiscal consolidation in the euro area : long-run benefits and short-run costs

Coenen, Günter (contributor); Mohr, Matthias (contributor); … - 2008

In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...

Persistent link: https://www.econbiz.de/10003778833

Europeanization or globalization? Transnational wage bargaining and the distribution of activity in European labor markets

Demertzis, Maria; Hughes Hallett, Andrew; Schermer, Nicolien - 2008

Persistent link: https://www.econbiz.de/10003774392

The New Area-Wide Model of the euro area : a micro-founded open-economy model for forecasting and policy analysis

Christoffel, Kai (contributor); Coenen, Günter (contributor) - 2008

In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad) Macroeconomic Projection Exercises regularly undertaken by ECB/Eurosystem staff. We present estimation results for the NAWM that are obtained by employing Bayesian inference...

Persistent link: https://www.econbiz.de/10003790951

Tax reform and labour-market performance in the euro area : a simulation-based analysis using the New Area-Wide Model

Coenen, Günter (contributor); McAdam, Peter (contributor); … - 2007

In this paper, we employ a calibrated two-country version of the New Area-Wide Model (NAWM) currently under development at the European Central Bank to examine the potential benefits and spillovers of reducing labour-market distortions caused by euro area tax structures. Our analysis shows that...

Persistent link: https://www.econbiz.de/10003457015

Forecasting with DSGE models

Christoffel, Kai; Coenen, Günter; Warne, Anders - 2010

In this paper we review the methodology of forecasting with log-linearised DSGE models using Bayesian methods. We focus on the estimation of their predictive distributions, with special attention being paid to the mean and the covariance matrix of h-step ahead forecasts. In the empirical...

Persistent link: https://www.econbiz.de/10003972991

Did fiscal policy makers know what they were doing? Reassessing fiscal policy with real-time data

Bernoth, Kerstin; Hughes Hallett, Andrew; Lewis, John - 2008

Persistent link: https://www.econbiz.de/10003686632

The gains from early intervention in Europe : fiscal surveillance and fiscal planning using cash data

Hughes Hallett, Andrew; Kuhn, Moritz; Warmedinger, Thomas - 2010

This paper does two things. First it examines the use of real time inter-annual cash data and the role of early interventions for improving the monitoring of national fiscal policies and the correction of fiscal indiscipline. Early warnings are important because they allow us to spread the...

Persistent link: https://www.econbiz.de/10003986633

1
2
3
4
5
6
7
8
Next
Last