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Stochastic frontier analysis by means of maximum likelihood and the method of moments
Behr, Andreas; Tente, Sebastian - Deutsche Bundesbank - 2008
The stochastic frontier analysis (Aigner et al., 1977, Meeusen and van de Broeck, 1977) is widely used to estimate individual efficiency scores. The basic idea lies in the introduction of an additive error term consisting of a noise and an inefficiency term. Most often the assumption of a...
Persistent link: https://www.econbiz.de/10005082812
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The information content of survey data on expected price developments for monetary policy
Gerberding, Christina - Deutsche Bundesbank - 2001
The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …
Persistent link: https://www.econbiz.de/10005083244
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Money in monetary policy design under uncertainty: the Two-Pillar Phillips Curve versus ECB-style cross-checking
Beck, Günter W.; Wieland, Volker - Deutsche Bundesbank - 2007
output or inflation as in the empirical "two-pillar" Phillips curves estimated in some recent contributions, it would be …-checking does not require direct effects of money on output or inflation. …
Persistent link: https://www.econbiz.de/10005083254
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The use of real-time information in Phillips curve relationships for the euro area
Paloviita, Maritta; Mayes, David - Deutsche Bundesbank - 2004
The dynamics of the Phillips Curve in New Keynesian, Expectations Augmented and Hybrid forms are extremely sensitive to the choice, timing and restrictions on variables. An important element of the debate revolves round what information decision-makers took into account at the time and round...
Persistent link: https://www.econbiz.de/10005083279
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Zur Diskussion über den Verbraucherpreisindex als Inflationsindikator: Beiträge zu einem Workshop in der Deutschen Bundesbank
1999
with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …
Persistent link: https://www.econbiz.de/10010478854
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Economia e finanza in Germania : 1876 - 1948
Albers, Willi (contributor) - 1988
Persistent link: https://www.econbiz.de/10000882741
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Zur Diskussion über den Verbraucherpreisindex als Inflationsindikator : Beiträge zu einem Workshop in der Deutschen Bundesbank
1999
with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …
Persistent link: https://www.econbiz.de/10010470805
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On the low-frequency relationship between public deficits and inflation
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - Deutsche Bundesbank - 2013
We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of …
Persistent link: https://www.econbiz.de/10010957092