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A Comparison Between the Fed and the ECB: Taylor Rules

Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

before and after 1999 and between the two central banks. The second result is that the Fed seems to influence the ECB but not …

Persistent link: https://www.econbiz.de/10005097503

Is the View from the Eurotower Purely European? National Divergence and ECB Interest Rate Policy

Heinemann, Friedrich; Huefner, Felix P. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro … offer some first weak support for an impact of regional divergence in ECB decision making. The results further clarify that … ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …

Persistent link: https://www.econbiz.de/10005097619

An impact of country-specific economic developments on ECB decisions

Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

do not find convincing evidence that country-specific economic developments influence the decisions of the ECB Governing …

Persistent link: https://www.econbiz.de/10005098122

Decision-Making of the ECB: Reform and Voting Power

Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

The ECB reform is designed to meet the challenges of an enlarged monetary union in the ECB Council. The reform is …

Persistent link: https://www.econbiz.de/10005098199

The Impact of EMU on Inflation Expectations

Heinemann, Friedrich; Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

This paper analyses the impact of the monetary regime change from the Bundesbank to the ECB in 1999 on inflation …. Once in charge of monetary policy the ECB was quickly successful to restore certainty about its true Bundesbank-like type. …

Persistent link: https://www.econbiz.de/10005098382

The threat of systemic risk in banking: evidence for Europe

Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns are used as a measure for interdependencies among European...

Persistent link: https://www.econbiz.de/10005097758

Systemic Risk in European Banking: Evidence from Bivariate GARCH Models

Schüler, Martin; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate conditional correlations between European bank stock indices. These correlations are used as an indication for the interdependencies amongst the banking business in Europe and...

Persistent link: https://www.econbiz.de/10005097915