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A model of the eurosystem's operational framework for monetary policy implementation

Ewerhart, Christian (contributor) - 2002

Persistent link: https://www.econbiz.de/10001735712

Sporadic manipulation in money markets with central bank standing facilities

Ewerhart, Christian (contributor) - 2004

Persistent link: https://www.econbiz.de/10002554954

Declining valuations and equilibrium bidding in central bank refinancing operations

Ewerhart, Christian (contributor); Cassola, Nuno (contributor) - 2006

It is argued that bidders in liquidity-providing central bank operations should typically possess declining marginal valuations. Based on this hypothesis, we construct an equilibrium in central bank refinancing operations organised as variable rate tenders. In the case of the discriminatory...

Persistent link: https://www.econbiz.de/10003358659

Near-rational exuberance

Bullard, James Brian (contributor); … - 2005

We study how the use of judgement or add-factorsʺ in macroeconomic forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can exist in standard macroeconomic...

Persistent link: https://www.econbiz.de/10003209153

Liquidity, information, and the overnight rate

Ewerhart, Christian (contributor) - 2004

Persistent link: https://www.econbiz.de/10002233656

Liquidity traps, learning and stagnation

Evans, George W.; Guse, Eran; Honkapohja, Seppo - In: European economic review : EER 52 (2008) 8, pp. 1438-1463

Persistent link: https://www.econbiz.de/10003804541

Expectations and the stability problem for optimal monetary policies

Evans, George W.; Honkapohja, Seppo - 2000

Eine auf den Fundamentaldaten beruhende Regelbindung der Geldpolitik ohne Selbstverpflichtung, die bei vollkommen … geeigneter Weise in die optimale Geldpolitik einbezogen werden. Diese eindeutige Schlußfolgerung gilt auch dann, wenn sich der … wichtig es ist, die Geldpolitik angemessen zu gestalten und dabei nicht nur die Fundamentaldaten, sondern auch direkt die …

Persistent link: https://www.econbiz.de/10011418901