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Taylor rules with real-time data : a tale of two countries and one exchange rate

Molodtsova, Tanya; Nikolsko-Rzhevskyy, Alex; Papell, … - In: Journal of monetary economics 55 (2008), pp. 63-79

Persistent link: https://www.econbiz.de/10003790029

Global policy at the zero lower bound in a large-scale DSGE model

Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo - 2010

The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...

Persistent link: https://www.econbiz.de/10008688538

Reverse causality in global current accounts

Schnabl, Gunther; Freitag, Stephan - 2010

Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. - Global …

Persistent link: https://www.econbiz.de/10003973544

Unions, wage setting and monetary policy uncertainty

Grüner, Hans Peter (contributor); Hayo, Bernd (contributor) - 2005

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...