Narrow search
Showing 1 - 10 of 127
Cover Image
Time variation in macro-financial linkages
Prieto, Esteban; Eickmeier, Sandra; Marcellino, Massimiliano - Deutsche Bundesbank - 2013
We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...
Persistent link: https://www.econbiz.de/10010957086
Cover Image
Imperfect Competition, Monetary Policy and Welfare in a Currency Area
Lombardo, Giovanni - Deutsche Bundesbank - 2002
optimal inflation target for the asymmetric union is also discussed. … auf die Wohlfahrt und die optimale Geldpolitik. Betrachtet werden zwei Möglichkeiten, wie die Wettbewerbsintensität am … die Geldpolitik effektiver sein, wenn die Länder größere Asymmetrien aufweisen. Diese Ergebnisse legen es nahe, dass die …
Persistent link: https://www.econbiz.de/10005083139
Cover Image
Inflation targeting rules and welfare in an asymmetric currency area
Lombardo, Giovanni - Deutsche Bundesbank - 2004
-maximizing central bank should react more aggressively to the inflation pressure generated by the more competitive economy. We extend the …
Persistent link: https://www.econbiz.de/10005083325
Cover Image
Monetary policy, housing booms and financial (im)balances
Eickmeier, Sandra; Hofmann, Boris - Deutsche Bundesbank - 2010
house price inflation, strong private debt growth and low credit risk spreads. The results suggest that (i) monetary policy …
Persistent link: https://www.econbiz.de/10008595899
Cover Image
Understanding global liquidity
Eickmeier, Sandra; Gambacorta, Leonardo; Hofmann, Boris - Deutsche Bundesbank - 2013
We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...
Persistent link: https://www.econbiz.de/10010957104
Cover Image
Asset prices, collateral, and unconventional monetary policy in a DSGE model
Hilberg, Björn; Hollmayr, Josef - Deutsche Bundesbank - 2013
bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …
Persistent link: https://www.econbiz.de/10010984718
Cover Image
Pitfalls in the European Enlargement Process: Financial Instability and Real Divergence
Wagner, Helmut - Deutsche Bundesbank - 2002
Many of the EU accession countries have announced that they will not only try to enter the EU as quickly as possible but also to adopt the euro at an early date. This is justified by the effort to avoid the danger of financial instability in the period prior to euro-introduction. However, by...
Persistent link: https://www.econbiz.de/10005059015
Cover Image
The ESRB at 1
Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011711529
Cover Image
The debt burden and its consequences for monetary policy : proceedings of a conference held by the International Economic Association at the Deutsche Bundesbank, Frankfurt, Germany
Calvo, Guillermo (ed.); King, Mervyn (contributor) - 1998 - 1. publ.
Persistent link: https://www.econbiz.de/10000626731
Cover Image
Gesammelte Veröffentlichungen
Issing, Otmar - 1996
Persistent link: https://www.econbiz.de/10000930795