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Maintaining low inflation: money, interest rates, and policy stance
Reynard, Samuel - European Central Bank - 2007
This paper presents a systematic empirical relationship between money and subsequent prices and output, using US, euro …
Persistent link: https://www.econbiz.de/10005530771
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Structural features of distributive trades and their impact on prices in the euro area
European Central Bank; Task Force of the Monetary … - 2011
prices of most consumer goods. They are the main interface between producers of consumer goods and consumers, with around … substantial, as this accounts for, on average, about 25% of consumer prices. The purpose of this report is to analyse the … structural features of the distributive trades sector and the developments within it, as well as how these may influence prices …
Persistent link: https://www.econbiz.de/10009327809
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Structural features of distributive trades and their impact on prices in the euro area
European Central Bank; Task Force of the Monetary … - 2011
prices of most consumer goods. They are the main interface between producers of consumer goods and consumers, with around … substantial, as this accounts for, on average, about 25% of consumer prices. The purpose of this report is to analyse the … structural features of the distributive trades sector and the developments within it, as well as how these may influence prices …
Persistent link: https://www.econbiz.de/10010688314
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A monetary policy strategy in good and bad times: lessons from the recent past
Fahr, Stephan; Motto, Roberto; Rostagno, Massimo; … - European Central Bank - 2011
We evaluate the ECB’s monetary policy strategy against the underlying economic structure of the euro area economy, in normal times and in times of severe financial dislocations. We show that in the years preceding the financial crisis that started in 2007 the strategy was successful at...
Persistent link: https://www.econbiz.de/10009002548
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optimal monetary Policy in a new keynesian model with habits in consumption
Leith, Campbell; Moldovan, Ioana; Rossi, Raffaele - European Central Bank - 2009
While consumption habits have been utilised as a means of generating a hump shapedoutput response to monetary policy shocks in sticky-price New Keynesian economies,there is relatively little analysis of the impact of habits (particularly, external habits) onoptimal policy. In this paper we...
Persistent link: https://www.econbiz.de/10005866485
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Background studies for the ECB's evaluation of its monetary policy strategy
Issing, Otmar (contributor) - European Central Bank - 2003
Persistent link: https://www.econbiz.de/10004820102
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The role of money : money and monetary policy in the twenty-first century
Beyer, Andreas (contributor) - 2008
Persistent link: https://www.econbiz.de/10004924307
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Global commodity cycles and linkages a FAVAR approach
Lombardi, Marco J.; Osbat, Chiara; Schnatz, Bernd - European Central Bank - 2010
in metals and a food prices. These factors are included in a FAVAR model together with selected macroeconomic variables … model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends …, which have been associated with developments in commodity prices. Impulse response functions confirm that exchange rates and …
Persistent link: https://www.econbiz.de/10008476127