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The Exchange Rate Pass-Through in the New EU Member States
Jimborean, R. - Banque de France - 2011
-through estimates have declined in response to a change in inflation environment and find evidence of such decline only for import …
Persistent link: https://www.econbiz.de/10009275674
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Leadership in Public Good Provision: a Timing Game Perspective
Kempf, H.; Rota Graziosi, G. - Banque de France - 2009
We address in this paper the issue of leadership when two governments provide public goods to their constituencies with cross border externalities as both public goods are valued by consumers in both countries. We study a timing game between two different countries: before providing public...
Persistent link: https://www.econbiz.de/10008479240
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Regional Debt in Monetary Unions: Is it Inflationary?
Cooper, R.; Kempf, H.; Peled, D. - Banque de France - 2007
This paper studies the inflationary implications of interest bearing regional debt in a monetary union. Is this debt simply backed by future taxation with no inflationary consequences? Or will the circulation of region debt induce monetization by a central bank? We argue here that both outcomes...
Persistent link: https://www.econbiz.de/10004998812
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Monetary rules and the spillover of regional fiscal policies in a federation.
Cooper, R.; Kempf, H.; Peled, D. - Banque de France - 2009
This paper studies the effects of monetary policy rules in a fiscal federation, such as the European Union. The focus of the analysis is the interaction between the fiscal policy of member countries (regions) and the monetary authority. Each of the countries structures its fiscal policy...
Persistent link: https://www.econbiz.de/10005034724
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Insulation impossible: monetary policy and regional fiscal spillovers in a federation
Cooper, R.; Kempf, H.; Peled, D. - Banque de France - 2010
This paper studies the effects of monetary policy rules in a fiscal federation, such as the European Union. The focus of the analysis is the interaction between the fiscal policy of member countries (regions) and the monetary authority. Each of the countries structures its fiscal policy...
Persistent link: https://www.econbiz.de/10008677945
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Optimal Price Setting During a Currency Changeover: Theory and Evidence from French Restaurants
Berardi, N.; Eife, T. A.; Gautier, E. - Banque de France - 2012
This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller's reputation in the long run. We model firms' trade-off and study...
Persistent link: https://www.econbiz.de/10010534896
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Measuring the NAIRU: a complementary approach
De la Serve, M-E.; Lemoine, M. - Banque de France - 2011
assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …
Persistent link: https://www.econbiz.de/10009293540
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The changing role of expectations in US monetary policy: A new look using the Livingston Survey
Banerjee, A.; Malik, S. - Banque de France - 2012
monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …
Persistent link: https://www.econbiz.de/10010816004
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More Facts about Prices: France Before and During the Great Recession.
Berardi, N.; Gautier, E.; Le Bihan, H. - Banque de France - 2013
sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …
Persistent link: https://www.econbiz.de/10010816022
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Couts et benefices du passage d'une faible inflation a la stabilite des prix. Une comparaison internationale.
Chatelain, J.-B.; Sevestre, P. - Banque de France - 1999
'une faible inflation (2%) a une inflation nulle pour les economies francaise, allemande, britannique, espagnole et americaine …
Persistent link: https://www.econbiz.de/10005781191