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Optimal inflation persistence : Ramsey taxation with capital and habits
Chugh, Sanjay - 2005
Persistent link: https://www.econbiz.de/10002672760
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2006
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...
Persistent link: https://www.econbiz.de/10003304975
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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael (contributor); Lubik, Thomas A. (contributor) - 2007
We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies induce more on-the-job search. By keeping job creation costs low for firms,...
Persistent link: https://www.econbiz.de/10003529502
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Central bank accountability and transparency : theory and some evidence
Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000
accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve … Japan, Bank of England und Federal Reserve System). Im zweiten Teil stellen wir eine Theorie über die Rechenschaftspflicht … Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …
Persistent link: https://www.econbiz.de/10011418852
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Monetary policy and price stability
Johnson, Karen H.; Small, David H.; Tryon, Ralph W. - 1999
Persistent link: https://www.econbiz.de/10001401744
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Inflation dynamics and international linkages : a model of the United States, the euro area, and Japan
Coenen, Günter; Wieland, Volker - 2002
Persistent link: https://www.econbiz.de/10001732177
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Real-Time estimation of the output gap in Japan and its usefulness for inflation forecasting and policymaking
Kamada, Koichiro (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002137086
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Exchange rate dynamics, expectations, and monetary policy
Chen, Qianying - 2011
This paper re-investigates the implications of monetary policy rules on changes in exchange rate, in a risk-adjusted, uncovered interest parity model with unrestricted parameters, emphasizing the importance of modeling market expectations of monetary policy. I use consensus forecasts as a proxy...
Persistent link: https://www.econbiz.de/10009244259
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Analysing divisia aggregates for the Euro area
Reimers, Hans-Eggert - 2002
Rolle bei der Durchführung der Geldpolitik im Eurowährungsraum haben sollte. …
Persistent link: https://www.econbiz.de/10011431510
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Core inflation rates : a comparison of methods based on west German data
Landau, Bettina - 2000
This study compares different methods of calculating the core inflation rate, the latter being taken as the general price trend, i.e. the persistent component of measured inflation. This price trend is therefore assumed to be free of transitory price movements. This paper focuses on an empirical...
Persistent link: https://www.econbiz.de/10011418839