Narrow search
Showing 1 - 10 of 200
Cover Image
Long-Term Interest Rates and Public Debt Maturity
Sakalauskaite, Ieva - 2013
is stronger for countries with higher average inflation or debt …
Persistent link: https://www.econbiz.de/10013075134
Cover Image
Synchronization and Changes in International Inflation Uncertainty
Henzel, Steffen - 2013
We investigate the international linkages of inflation uncertainty in the G7. In a first step, we document that … inflation uncertainty in the G7 is intertwined. Moreover, the degree of synchronization has increased during the recent two … international shock that drives national inflation uncertainty and which is closely related to oil and commodity price uncertainty …
Persistent link: https://www.econbiz.de/10013082970
Cover Image
Trade Openness, Market Competition, and Inflation : Some Sectoral Evidence from OECD Countries
Binici, Mahir - 2013
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …
Persistent link: https://www.econbiz.de/10013091833
Cover Image
Forecasting Random Walks Under Drift Instability
Pesaran, M. Hashem - 2011
techniques are applied to monthly inflation series of 21 OECD countries and it is found that average forecasting methods in …
Persistent link: https://www.econbiz.de/10012756639
Cover Image
Wage Rigidity, Institutions, and Inflation
Holden, Steinar; Wulfsberg, Fredrik - 2021
legislation, high union density, centralised wage setting and high inflation …
Persistent link: https://www.econbiz.de/10013316399
Cover Image
Bank of England Interest Rate Announcements and the Foreign Exchange Market
Melvin, Michael - 2013
Since 1997, the Bank of England Monetary Policy Committee (MPC) has met monthly to set the UK policy interest rate. We examine evidence of systematic patterns in exchange rate movements on MPC days over the first decade of operation of the MPC. Daily data reveal significant differences in...
Persistent link: https://www.econbiz.de/10013096000
Cover Image
Interest Rate Pass-Through and Monetary Policy Asymmetry : A Journey into the Caucasian Black Box
Jamilov, Rustam - 2013
This paper analyses the interest rate pass-through for five economies of the Caucasus – Armenia, Azerbaijan, Georgia, Kazakhstan, and Russia. Employing an autoregressive distributed lag (ARDL) specification to monthly data, we find that the interest rate pass-through is systematically...
Persistent link: https://www.econbiz.de/10013085758
Cover Image
Persistence and Cycles in the US Federal Funds Rate
Caporale, Guglielmo Maria - 2013
This paper uses long-range dependence techniques to analyse two important features of the US Federal Funds effective rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 until 2010. Two models are considered. One is based on an...
Persistent link: https://www.econbiz.de/10013089178
Cover Image
Persistence and Cyclical Dependence in the Monthly Euribor Rate
Caporale, Guglielmo Maria - 2013
This paper analyses two well-known features of interest rates, namely their time dependence and their cyclical structure. Specifically, it focuses on the monthly Euribor rate, using monthly data from January 1994 to May 2011. Models based on fractional integration at the long run or zero...
Persistent link: https://www.econbiz.de/10013092074
Cover Image
Modeling Two Macro Policy Instruments - Interest Rates and Aggregate Capital Requirements
Gersbach, Hans - 2013
We present a simple neoclassical model to explore how an aggregate bank-capital requirement can be used as a macroeconomic policy tool and how this additional tool interacts with monetary policy. Aggregate bank-capital requirements should be adjusted when the economy is hit by cost-push shocks...
Persistent link: https://www.econbiz.de/10013092337