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transmitted to the real variables: the GDP and the inflation. Few studies on monetary transmission mechanisms deal with the … scale from convenient impulse response functions. As a result, the Tunisian central bank should mainly target inflation …
Persistent link: https://www.econbiz.de/10011166390
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helpful to forecast inflation and industrial production. Keywords: International treasury yield curves, common and local …
Persistent link: https://www.econbiz.de/10011074666
It is shown that backward-forward procedure which selects solutions in dynamic models with rational expectations may fail to give a solution when the lags are of order two.
Persistent link: https://www.econbiz.de/10010755895
The euro area as a whole has experienced a marked downward trend in inflation over the past decades and, concomitantly … these dynamics? To answer this question, we embed serially correlated changes in the inflation target into a DSGE model with … real and nominal frictions. The formal Bayesian estimation of the model suggests that gradual changes in the inflation …
Persistent link: https://www.econbiz.de/10011166314
Early research work confirms that the use of the new European currency, the euro, could create an effect of money illusion: expressed in euros, perceived prices seem lower and price elasticity diminished. But it also concludes on the complexity of the relationship between prices, currency unit...
Persistent link: https://www.econbiz.de/10011166560
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The arrival in France of the euro in 2002, and the withdrawal of the franc, have been anticipated within many companies in all operational areas (payroll, billing and accounting for example). As far as price policy is concerned, the company must determine, beyond the compulsory legal conversion,...
Persistent link: https://www.econbiz.de/10010905094
Sur la demande de l’Union française d’électricité (UFE), Jan Horst Keppler, Professeur d’économie à l’Université Paris - Dauphine, et Régis Bourbonnais, Maître de conférences à l’Université Paris - Dauphine et spécialiste en économétrie, ont entrepris une série de tests...
Persistent link: https://www.econbiz.de/10011072124
La théorie du comportement décisionnel et les travaux sur les illusions visuelles et les biais cognitifs apportent de premières validations théoriques à l'effet du changement d'unité monétaire des francs aux euros sur le jugement lié au prix. Une expérimentation menée sur 699...
Persistent link: https://www.econbiz.de/10011072415