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The future of sovereign borrowing in Europe
Balling, Morten (ed., introduction);  … - Conference on The Future of Sovereign Borrowing in …; … - 2014
In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Austrian Society for Bank Research to...
Persistent link: https://www.econbiz.de/10011711793
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Monetary Union: European Lessons, Latin American Prospects
Hochreiter, Eduard; Schmidt-Hebbel, Klaus; Winckler, Georg - Oesterreichische Nationalbank - 2002
first find that there has been a strong push towards the floating cum inflation-targeting corner and to regional trade …
Persistent link: https://www.econbiz.de/10005802621
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Asset-liability management with ultra-low interest rates
Grossman, Richard S.; Molyneux, Philip; Lambert, Frederic; … - Conference on Asset-Liability Management with Ultra-Low …; … - 2015
On 11 March 2015, SUERF jointly organised a conference with the Oesterreichische Nationalbank and the Austrian Society for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of papers based on the authors' contributions to the Vienna...
Persistent link: https://www.econbiz.de/10011413495
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Expected Monetary Policy and the Dynamics of Bank Lending Rates
Kwapil, Claudia; Scharler, Johann - Oesterreichische Nationalbank - 2009
monetary policy regimes towards inflation targeting, expected monetary policy has become more important as a determinant of …
Persistent link: https://www.econbiz.de/10005627579
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The Mystique of Central Bank Speak
Geraats, Petra M. - Oesterreichische Nationalbank - 2006
the inflation target and to communicate information about the output target and supply shocks with perceived ambiguity. In …
Persistent link: https://www.econbiz.de/10005627582
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The European Monetary Union as a Commitment Device for New EU Member States
Ravenna, Federico - Oesterreichische Nationalbank - 2005
exchange rate regime yields a lower loss compared to an inflation targeting policy, even if this policy ranking would be …-maker to adopt inflation targeting over a strict exchange rate targeting regime. Full credibility is not a precondition, but … exposure to foreign and financial shocks and high steady state inflation make joining the EMU relatively more attractive for a …
Persistent link: https://www.econbiz.de/10005273259
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Financial Differences and Business Cycle Co-Movements in A Currency Area
Faia, Ester - Oesterreichische Nationalbank - 2005
I propose a unitary framework to interpret the links between differences in financial structures and the monetary policy regimes on the one hand, and the correlation of business cycles on the other. Using a two-country micro-founded model with financial frictions I predict that a greater...
Persistent link: https://www.econbiz.de/10005273257
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Central Banks in European Emerging Market Economies in the 1990s
Hochreiter, Eduard; Kowalski, Tadeusz - Oesterreichische Nationalbank - 2000
This paper analyzes the institutional framework of central banks in ten Central and East European countries using the ECB as benchmark. It looks at the legislated objectives of these central banks, assesses the degree of political and functional independence and the status of their democratic...
Persistent link: https://www.econbiz.de/10005802628
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Interest Rate Pass-Through, Monetary Policy Rules and Macroeconomic Stability
Kwapil, Claudia; Scharler, Johann - Oesterreichische Nationalbank - 2007
In this paper we analyze equilibrium determinacy in a sticky price model in which the pass-through from policy rates to retail interest rates is sluggish and potentially incomplete. In addition, we empirically characterize and compare the interest rate pass-through process in the euro area and...
Persistent link: https://www.econbiz.de/10005627573
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Assessing Inflation Targeting after a Decade of World Experience
Corbo, Vittorio; Landerretche, Oscar; Schmidt-Hebbel, Klaus - Oesterreichische Nationalbank - 2001
Ten years of inflation targeting worldwide provide valuable lessons. Inflation targeters (ITers) have been very … successful in meeting their inflation targets (ITs). Industrial output sacrifice during inflation stabilization and industrial … output volatility has frequently been lowered after IT adoption. ITers have consistently reduced inflation forecast errors …
Persistent link: https://www.econbiz.de/10005839460