Narrow search
Showing 1 - 10 of 11
Cover Image
Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors
Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016
commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …
Persistent link: https://www.econbiz.de/10011495568
Cover Image
Would households understand average inflation targeting?
Hoffmann, Mathias; Pavlova, Lora; Mönch, Emanuel; … - 2022
Yes, they would. In a randomized control trial, we provide groups of respondents from the Bundesbank Online Panel Households with information about a hypothetical alternative ECB monetary policy regime akin to the Federal Reserve’s flexible average inflation targeting (AIT). Inflation...
Persistent link: https://www.econbiz.de/10013205445
Cover Image
Current account adjustment in EU countries : does euro-area membership make a difference?
Herrmann, Sabine; Jochem, Axel - 2013
The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...
Persistent link: https://www.econbiz.de/10010211960
Cover Image
Channels of risk sharing in the eurozone : what can banking and capital market union achieve?
Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E.; … - In: IMF economic review 67 (2019) 3, pp. 443-495
Persistent link: https://www.econbiz.de/10012241630
Cover Image
Rebalancing the euro area : is wage adjustment in Germany the answer?
Hoffmann, Mathias; Kliem, Martin; Krause, Michael; … - 2020
We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …
Persistent link: https://www.econbiz.de/10012184056
Cover Image
The impact of political announcements on expectations concerning the starting date of the EMU : a microeconometric approach to the detection of event-dependent answering patterns i...
Kaiser, Ulrich - 1997
This paper examines German business survey data to uncover the influence of political news on expectations concerning the starting date of the European Monetary Union (EMU). In this survey the participants were asked to indicate whether they expect a punctual or a delayed start of the EMU....
Persistent link: https://www.econbiz.de/10011621979
Cover Image
Forceful or persistent : wow the ECB's new inflation target affects households' inflation expectations
Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2023
We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a symmetric 2% target. Yet,...
Persistent link: https://www.econbiz.de/10014391441
Cover Image
Determinants of TARGET2 transactions of European banks based on micro-data
Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022
Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system …
Persistent link: https://www.econbiz.de/10013411245
Cover Image
Risky sovereign bond holdings by commercial banks in the euro area : do safe assets availability and differences in bank funding costs play a role?
Jochem, Axel; Lecomte, Ernest - 2024
Commercial banks in some euro area member states hold large amounts of sovereign debt that offer a risk premium and … match the return on their euro government bond portfolio with their own funding costs. In addition, prospects for a …
Persistent link: https://www.econbiz.de/10015052425