Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10011581534
Persistent link: https://www.econbiz.de/10002117632
instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …
Persistent link: https://www.econbiz.de/10008664568
Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically...
Persistent link: https://www.econbiz.de/10003952539
This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
Persistent link: https://www.econbiz.de/10008796249
Persistent link: https://www.econbiz.de/10003519907
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...
Persistent link: https://www.econbiz.de/10003876000
Persistent link: https://www.econbiz.de/10011438978
Persistent link: https://www.econbiz.de/10010466789
Persistent link: https://www.econbiz.de/10011475652