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Price Rigidity and Flexibility: New Empirical Evidence

Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...

Persistent link: https://www.econbiz.de/10005835391

Optimality criteria of hybrid inflation-price level targeting (outdated version)

Bokor, László - Volkswirtschaftliche Fakultät, … - 2007

cost-push shock persistence. The main intention of the examination is to reveal the nature of the interrelations between …

Persistent link: https://www.econbiz.de/10005835471

Fiscal Policy in a Monetary Union in the Presence of Uncertainty about the Central Bank Preferences

Dai, Meixing; Sidiropoulos, Moise - Volkswirtschaftliche Fakultät, … - 2008

In this paper, we examine the link between political transparency of a common central bank (CCB) and decentralized supply-side fiscal policies in a monetary union. We find that the opacity of a conservative CCB has a restrictive effect on national fiscal policies since each government...

Persistent link: https://www.econbiz.de/10005837367

Islamic Banks Financing and Poverty Alleviation in Sudan

Mohamed, Issam A.W. - Volkswirtschaftliche Fakultät, … - 2010

The continuous regressions in the per capita income of the Sudanese people have triggered many suggestions to ameliorate their productive capabilities. One of them was the facilitating in financing programs through official channels. However, there are many structural impediments that inhibit...

Persistent link: https://www.econbiz.de/10009359940

Official intervention in Foreign Exchange Market in Malawi: A comparison of GARCH and Equilibrium Exchange Rate approaches

Simwaka, Kisu; Mkandawire, Leslie - Volkswirtschaftliche Fakultät, … - 2010

The Malawi kwacha was floated in February 1994. Since then, the Reserve Bank of Malawi (RBM) has periodically intervened in the foreign exchange market. This report analyses the effectiveness of foreign exchange market interventions by RBM. We used a generalized autoregressive conditional...

Persistent link: https://www.econbiz.de/10008587846

Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue

Levy, Daniel; Smets, Frank - Volkswirtschaftliche Fakultät, … - 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank’s Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10008777363

Balance Sheet Channel of Monetary Policy and Economic Growth under Fiscal Dominance: Evidence from Pakistan

Shabbir, Safia - Volkswirtschaftliche Fakultät, … - 2012

Using micro data on non-financial listed companies in Pakistan, over the period of 2000-2010, this paper emphasizes over the impact of monetary policy on economic growth through balance sheet channel. At first step, monetary tightening deteriorates the net worth of the firms and leads to cash...

Persistent link: https://www.econbiz.de/10011107430

Monetary Transmission in Pakistan: The Balance Sheet Channel

Shabbir, Safia - Volkswirtschaftliche Fakultät, … - 2012

Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel...

Persistent link: https://www.econbiz.de/10011107761

Utilizarea cursurilor valutare drept ancore nominale antiinflaţioniste

Dumitriu, Ramona; Stefanescu, Razvan - Volkswirtschaftliche Fakultät, … - 2013

In the last decades, the use of the exchange rates as nominal anchors to tie down the prices seemed to experience a decline. However, the exchange rates targeting could become a solution for some countries in dealing with the actual circumstances. In this paper we approach some key elements of...

Persistent link: https://www.econbiz.de/10011258046

Dynamics of Sticky Information and Sticky Price Models in a New Keynesian DSGE Framework

Arslan, Mesut Murat - Volkswirtschaftliche Fakultät, … - 2007

information models to a cost-push shock in a New Keynesian DSGE framework. It finds that the sticky information model produces … more reasonable dynamics through lagged, gradual and hump-shaped responses to a shock as observed in data. However, these … responses depend on the persistence of the shock. …

Persistent link: https://www.econbiz.de/10005621721