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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
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Coordination without explicit cooperation : monetary-fiscal interactions in an era of demographic change
Hughes Hallett, Andrew - 2008
Persistent link: https://www.econbiz.de/10013445833
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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
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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
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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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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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The determination of wages of newly hired employees : survey evidence on internal versus external factors
Galuščák, Kamil; Keeney, Mary; Nicolitsas, Daphne - 2010
This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests...
Persistent link: https://www.econbiz.de/10003970440
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Differences in interest rate policy at the ECB and the Fed : an investigation with a medium-scale DSGE model
Sahuc, Jean-Guillaume (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003591213
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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
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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