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Der Wechselkurs als Zwischenziel der Geldpolitik im Aufholprozess : die monetärkeynesianische Entwicklungsstrategie der Berliner Schule vor dem Hintergrund der makroökonomischen En...
Kühnl, Peter - 2003
Im Falle der Transformationsländer Mittel- und Osteuropas formierte sich 1989/90 parallel zu den wirtschaftspolitischen Empfehlungen der Neoklassik ein alternativer monetärkeynesianischer Ansatz in Form der Berliner Schule. Die Politikempfehlung der Berliner Schule lautete Währungsreform und...
Persistent link: https://www.econbiz.de/10011927186
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Time-to-build approach in a sticky price, sticky wage optimizing monetary model
Casares, Miguel - 2002
Persistent link: https://www.econbiz.de/10013434466
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Financial shocks and inflation dynamics
Abbate, Angela; Eickmeier, Sandra; Prieto, Esteban - 2016
We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …
Persistent link: https://www.econbiz.de/10011546785
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Keynes, the Keynesians and monetarism
Congdon, Tim - 2007
Keynes, the Keynesians and Monetarism is a major contribution to the continuing debate on macroeconomic policy-making. Tim Congdon has been a strong supporter of monetarist economic principles for over 30 years. His writings - in the newspapers and for parliamentary committees, as well as in...
Persistent link: https://www.econbiz.de/10012794330
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Are contemporary central banks transparent about economic models and objectives and what difference does it make?
Cukierman, Alex - 2001
inflation targets of Western central banks are currently quite clear they tend to be hazy about their output targets and about … whether they are strictor flexible inflation targeters (in Svensson's (1997) sense), and in the second case, how flexible … the paper first reviews the case for believing that at least some central banks are, given inflation, more averse to …
Persistent link: https://www.econbiz.de/10011419304
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Monetary policy and the asset risk-taking channel
Abbate, Angela; Thaler, Dominik - 2015
more inflation volatility in exchange for less volatility in risk taking and output. …
Persistent link: https://www.econbiz.de/10011419626
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Enterprises' financing structure and their response to monetary policy stimuli : an analysis based on the Deutsche Bundesbank's corporate balance sheet statistics
Stöss, Elmar - 1996
The traditional monetary policy transmission mechanism is based on the fact that, in the wake of a restrictive monetary policy stance, the interest rate rises and that therefore interest-rate-related variables, such as corporate asset formation, dec1ine or increase less sharply than at the given...
Persistent link: https://www.econbiz.de/10010469550
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Die Finanzierungsstruktur der Unternehmen und deren Reaktion auf montäre Impulse : eine Analyse anhand der Unternehmensbilanzstatistik der Deutschen Bundesbank
Stöss, Elmar - 1996
The traditional monetary policy transmission mechanism is based on the fact that, in the wake of a restrictive monetary policy stance, the interest rate rises and that therefore interest-rate-related variables, such as corporate asset formation, decline or increase less sharply than at the given...
Persistent link: https://www.econbiz.de/10010469551
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Bank capital, the state contingency of banks’ assets and its role for the transmission of shocks
Kühl, Michael - 2014
The role of bank capital as a propagation channel of shocks is strongly pronounced in recent macroeconomic models. In this paper, we show how the evolution of bank capital depends on the share of non-state-contingent assets in banks’ balance sheets and present the consequences for...
Persistent link: https://www.econbiz.de/10010415785
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The effectiveness of monetary policy in steering money market rates during the financial crisis
Abbassi, Puriya; Linzert, Tobias - 2012
The financial crisis has deeply affected money markets and thus, potentially, the proper functioning of the interest rate channel of monetary policy transmission. Therefore, we analyze the effectiveness of monetary policy in steering euro area money market rates looking at, first, the...
Persistent link: https://www.econbiz.de/10009564491