Narrow search
Showing 1 - 10 of 810
Cover Image
The chair of the U.S. Federal Reserve and the macroeconomic causality regimes
Aksoy, Yunus; Morita, Rubens; Psaradakis, Zacharias G. - 2019
We investigate regime-dependent Granger causality between real output, inflation and monetary indicators and map with U.S. Fed Chairperson's tenure since 1965. While all monetary indicators have causal predictive content in certain time periods, we report that the Federal Funds rate (FFR) and...
Persistent link: https://www.econbiz.de/10012157284
Cover Image
Optimal central bank design : benchmarks for the ECB
Berger, Helge (contributor) - 2006
The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A …
Persistent link: https://www.econbiz.de/10003301388
Cover Image
Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey
Hamella, Sandra; Haan, Jakob de - 2004
history of honesty and a high level of central bank independence. According to our respondents, the Federal Reserve is the … most credible, transparent and independent central bank out of seven large central banks. The ECB is not perceived as …
Persistent link: https://www.econbiz.de/10011399168
Cover Image
Look who's talking : ECB communication during the first years of EMU
Jansen, David-Jan; Haan, Jakob de - 2004
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...
Persistent link: https://www.econbiz.de/10011450560
Cover Image
Japanese foreign exchange intervention and the Yen/Dollar exchange rate : a simultaneous equations approach using realized volatility
Hillebrand, Eric (contributor); Schnabl, Gunther (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364632
Cover Image
Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited
Sinn, Hans-Werner; Feist, Holger - 2000
the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence …
Persistent link: https://www.econbiz.de/10009781634
Cover Image
Does conservatism matter? : a time series approach to central banking
Berger, Helge; Woitek, Ulrich - 1999
The empirical literature on central banking has found measures of central bank independence/conservatism to be …. We find that an increase in central bank conservatism leads to higher short-term interest rates and a more activist … economy, higher output and somewhat lower inflation. We also investigate the interaction between the central bank and the …
Persistent link: https://www.econbiz.de/10009781685
Cover Image
Preaching to the agnostic : inflation reporting can increase trust in the Central Bank but only among people with weak priors
Hayo, Bernd; Méon, Pierre-Guillaume - 2023
Bank's inflation target alongside inflation in the euro area from 1999 to 2017 affects respondents' trust in the ECB. The …
Persistent link: https://www.econbiz.de/10014338856
Cover Image
Demographic change and bank profitability : empirical evidence from German savings banks
Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010
Persistent link: https://www.econbiz.de/10008906334
Cover Image
Do better capitalized banks lend less? : long-run panel evidence from Germany
Buch, Claudia M.; Prieto, Esteban - 2012
of increased bank capital in terms of reduced loans could be substantial, there are good reasons to believe that the … between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of … the German economy for the past 60 years. We find no evidence for a negative impact of bank capital on business loans …
Persistent link: https://www.econbiz.de/10009570042