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Optimal inflation persistence : Ramsey taxation with capital and habits

Chugh, Sanjay - 2005

Persistent link: https://www.econbiz.de/10002672760

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

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

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

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

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

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

Liquidity and the dynamic pattern of price adjustment : a global view

Belke, Ansgar (contributor); Orth, Walter (contributor); … - 2008

Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates … classes and consumer goods. -- global liquidity ; inflation control ; monetary policy transmission ; asset prices …

Persistent link: https://www.econbiz.de/10003794104

A disaggregated framework for the analysis of structural developments in public finances

Kremer, Jana; Braz, Cláudia Rodrigues; Brosens, Teunis; … - 2006

In this paper, we present a disaggregated framework for the analysis of past and projected structural developments in the most relevant revenue and expenditure categories and the fiscal balance. The framework, in particular, distinguishes between the effects of discretionary fiscal policy and of...

Persistent link: https://www.econbiz.de/10003304931

Does anticipation of government spending matter? : evidence from an expectation augmented VAR

Wolff, Guntram B. (contributor) - 2007

How does private consumption react to an exogenous increase in government expenditure? Standard structural vector autoregressions (SVARs) usually report a positive GDP as well as consumption response, while event studies report a negative consumption response. We investigate in a SVAR whether...

Persistent link: https://www.econbiz.de/10003482489