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Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …

Persistent link: https://www.econbiz.de/10011399168

Optimal fiscal action in an economy with sovereign Premia and without monetary independence : an application to Italy

Philippopulos, Apostolēs; Varthalitis, Petros; … - 2013

We welfare rank various tax-spending policies. The setup is a New Keynesian model of a semi-small open economy featuring sovereign risk premia and loss of monetary policy independence. The model is calibrated to match data from the Italian economy 2001-2011. We compute various optimized...

Persistent link: https://www.econbiz.de/10009731213

To react or not? : fiscal policy, volatility and welfare in the EU-3

Malley, James R. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003495749

The Eurozone as an inflation target zone

Della Posta, Pompeo; Tamborini, Roberto - 2022

In the revised monetary policy strategy of the European Central Bank (ECB), "price stability is best maintained by aiming for two per cent inflation over the medium term", with "symmetric commitment" to this target. "Symmetry means that the Governing Council considers negative and positive...

Persistent link: https://www.econbiz.de/10013413505

Multi-Factor Gegenbauer processes and European inflation rates

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009

, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … parameters at each frequency separately, and adopt this framework to model quarterly prices in three European countries (France … former country this applies both to the zero and the seasonal frequencies, in the case of Italy the nonstationarity comes …

Persistent link: https://www.econbiz.de/10003850335

Exchange rate misalignments and crises

Stein, Jerome L.; Paladino, Giovanna - 1999

changes in France, Germany and Italy. …

Persistent link: https://www.econbiz.de/10009781700

Uncertainty, wage setting and decision making in a monetary union

Hefeker, Carsten (contributor) - 2005

The enlargement of the European Monetary Union is likely to lead to an increase in uncertainty regarding the transmission of monetary policy for the larger union. Adding new members to the central bank council will in addition imply that the policy reaction of the enlarged council will be...

Persistent link: https://www.econbiz.de/10003110104

Monetary policy committees : individual and collective reputations

Sibert, Anne C. - 1999

This paper looks at how the reputation of a monetary policy making committee is jointly determined with the reputations of its individual members. I ask whether individuals ha ve more or less incentive to gain a reputation for being tough on inflation when they are part of a group. I examine the...

Persistent link: https://www.econbiz.de/10009781721

The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area

Afonso, António; Alves, José; Ionta, Serena - 2023

projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both …

Persistent link: https://www.econbiz.de/10014313459

Convergence of monetary transmission in EMU new evidence

Toolsema-Veldman, Linda Adriana; Sturm, Jan-Egbert; … - 2001

whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …

Persistent link: https://www.econbiz.de/10011398432

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