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Optimal monetary policy rules, financial amplification, and uncertain business cycles
Fendoğlu, Salih - In: Journal of economic dynamics & control 46 (2014), pp. 271-305
Persistent link: https://www.econbiz.de/10010474907
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The role of expectations in economic fluctuations and the efficacy of monetary policy
Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - In: Journal of economic dynamics & control 29 (2005) 11, pp. 2017-2065
Persistent link: https://www.econbiz.de/10003172934
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Stabilizing an unstable complex economy on the limitations of simple rules
Salle, Isabelle; Seppecher, Pascal - In: Journal of economic dynamics & control 91 (2018), pp. 289-317
Persistent link: https://www.econbiz.de/10011974205
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Trend inflation in the Japanese pre-2000s : a markov-switching DSGE estimation
Kato, Ryo; Maih, Junior; Nishiyama, Shin-Ichi - 2022
Persistent link: https://www.econbiz.de/10013415103
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Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany
Coleman, Winnie; Nautz, Dieter - 2021
Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has...
Persistent link: https://www.econbiz.de/10012590362
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Monetary regime change and business cycles
Cúrdia, Vasco; Finocchiaro, Daria - In: Journal of economic dynamics & control 37 (2013) 4, pp. 756-773
Persistent link: https://www.econbiz.de/10009726179
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The case for a positive euro area inflation target : evidence from France, Germany and Italy
Adam, Klaus; Gautier, Erwan; Santoro, Sergio; Weber, Henning - 2021
Using micro price data underlying the Harmonized Index of Consumer Prices in France, Germany and Italy, we estimate relative price trends over the product life cycle and show that minimizing price and mark-up distortions in the presence of these trends requires targeting a significantly positive...
Persistent link: https://www.econbiz.de/10012607109
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Scarcity effects of QE : a transaction-level analysis in the Bund market
Schlepper, Kathi; Riordan, Ryan; Hofer, Heiko; … - 2017
impact on liquidity conditions as measured by bid-ask spreads and inter-dealer order book depth. We further show that the …
Persistent link: https://www.econbiz.de/10011632212
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Liquidity in the German corporate bond market : has the CSPP made a difference?
Boneva, Lena; Islami, Mevlud; Schlepper, Kathi - 2021
Purchase Programme (CSPP). Did these purchases lead to a deterioration of liquidity conditions in the corporate bond market … Bundesbank's detailed CSPP purchase records with a range of liquidity indicators for both purchased and nonpurchased bonds. We … find that while the flow of purchases supported secondary market liquidity, liquidity conditions deteriorated in the long …
Persistent link: https://www.econbiz.de/10012489578
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Monetary policy, housing, and collateral constraints
Franz, Thorsten - 2019
House-purchasing decisions and the possibility of existing homeowners to tap into their housing equity depend decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth transition local projection (STLP) approach, I show that...
Persistent link: https://www.econbiz.de/10011963152