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conducted among individuals living in Germany. Although most respondents assume that they have a good or very good knowledge of …
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Using confidential daily data, we analyse how the intervention episode of the Bank of Israel (BOI) from 2013 to 2019 has affected the foreign value of the Israeli new shekel (ILS) and the expectations about its future value. We find that interventions amounting to US dollar (USD) 1 billion are...
Persistent link: https://www.econbiz.de/10013259481
to non-financial firms. Using a structural vector autoregression analysis, we find both in the euro area and in Germany a … beneficial effect is overturned in the medium run. In Germany, implicit firm default rates rise, while loan write-offs by banks …
Persistent link: https://www.econbiz.de/10011712553
We evaluate the degree of gradualism and inaction in UK monetary policy over the Monetary Policy Committee (MPC) period (1997-2007) at the quarterly and the monthly frequency. After accounting for misspecification in standard Taylor rules, we find little evidence for gradualism. A measure of...
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Amerikanischen und Europäischen Zentralbank sowie der Bank für Internationalen Zahlungsausgleich weiterentwickelt und überprüft …
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The effectiveness of a central bank’s monetary policymaking is determined by the merit of its policy actions and their perceived credibility. Since the 1990s central banks have placed more emphasis on clear communications and transparency as additional levers to help achieve their goals. In...
Persistent link: https://www.econbiz.de/10003384156