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Opting out of the great inflation: German monetary policy after the breakdown of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - Deutsche Bundesbank - 2009
interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …
Persistent link: https://www.econbiz.de/10005083151
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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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Learning on the quick and cheap: gains from trade through imported expertise
Markusen, James R.; Rutherford, Thomas F. - Deutsche Bundesbank - 2005
Gains from productivity and knowledge transmission arising from the presence of foreign firms has received a good deal of empirical attention, but micro-foundations for this mechanism are weak . Here we focus on production by foreign experts who may train domestic unskilled workers who work with...
Persistent link: https://www.econbiz.de/10005083301
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Welfare Implications of the Design of a Currency Union in Case of Member Countries of Different Sizes and Output Persistence
Frey, Rainer - Deutsche Bundesbank - 2004
asymmetric national output shocks. The welfare implications are deduced both analytically and with the use of simulations. In a … inflation and output preferences affect welfare. …
Persistent link: https://www.econbiz.de/10005083245
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Makro-ökonometrisches Mehr-Länder-Modell
1996 - Sonderveröffentlichung November 1996
Persistent link: https://www.econbiz.de/10000621104
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Macro-econometric multi-country model: MEMMOD
2000
Persistent link: https://www.econbiz.de/10001649523
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Trend and cycle features in German residential investment before and after reunification
Knetsch, Thomas A. - Deutsche Bundesbank - 2010
Real residential investment in Germany is found to be cointegrated with population, real national income per capita and real house prices. This evidence is consistent with a model where the trend in housing demand is determined by demographic factors and economic well-being to which supply...
Persistent link: https://www.econbiz.de/10008564416
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Efficient, profitable and safe banking: an oxymoron? Evidence from a panel VAR approach
Koetter, Michael; Porath, Daniel - Deutsche Bundesbank - 2007
Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at the expense of deteriorating bank profits and excessive...
Persistent link: https://www.econbiz.de/10005082751
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Output sensitivity of inflation in the euro area: Indirect evidence from disaggregated consumer prices
Fröhling, Annette; Lommatzsch, Kirsten - Deutsche Bundesbank - 2011
We investigate output sensitivity of inflation in the euro area through a disaggregated analysis using price indices at … of the ICSP is significantly higher than that of headline inflation. The difference in output sensitivity is most … striking between the ICSP and core inflation because of the rather strong cyclical sensitivity of processed and unprocessed …
Persistent link: https://www.econbiz.de/10009370684