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Persistent link: https://www.econbiz.de/10015084282
impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …
Persistent link: https://www.econbiz.de/10012863789
participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we …
Persistent link: https://www.econbiz.de/10012242810
exchange rate uncertainty in exports to some of the most important global export destinations (United States, Japan, Brazil …This paper estimates the role of policy and exchange rate uncertainty shocks for EU countries' exports to the world … exchange rates on exports is estimated based on the period from 1995M1 to 2015M12. Looking at some of the main export …
Persistent link: https://www.econbiz.de/10011662634
, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …
Persistent link: https://www.econbiz.de/10003871762
, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …
Persistent link: https://www.econbiz.de/10003875991
The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics. At the same time, it is certainly not an exaggeration to claim that this nexus also stands at the heart of monetary policy, given the fact that low inflation in combination with...
Persistent link: https://www.econbiz.de/10014458568
) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition …
Persistent link: https://www.econbiz.de/10011384239
of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …
Persistent link: https://www.econbiz.de/10011384244
This paper analyzes the interest rate pass-through for Germany and the euro area using for the first time a fully harmonized data set on bank retail rates. In a vector error correction model, the speed and completeness of the pass-through from market rates to bank interest rates are estimated...
Persistent link: https://www.econbiz.de/10010206376