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Money-based interest rate rules : lessons from German data

Gerberding, Christina (contributor); … - 2007

The paper derives the monetary policy reaction function implied by money growth targeting. It consists of an interest rate response to deviations of the inflation rate from target, to the change in the output gap, to money demand shocks and to the lagged interest rate. In the second part, it is...

Persistent link: https://www.econbiz.de/10003453449

Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada

Siklos, Pierre L. - 2000

Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … Preisstabilität. Mit der neuen Politik sollte unter anderem die Öffentlichkeit fortan den Erfolg der Geldpolitik leichter daran messen … in der öffentlichen Kommentierung der Geldpolitik seit 1991 fairer beurteilt werden." Anhand von Kommentaren in den …

Persistent link: https://www.econbiz.de/10011418878

Did the Bundesbank react to stock price movements?

Bohl, Martin T.; Siklos, Pierre L.; Werner, Thomas - 2003

In this paper, we investigate the relationship between stock returns and short-term interest rates. Identification of the stock return-interest rate relation is solved by using a new technique that relies on the heteroskedasticity of shocks to stock market returns. We suggest some improvements...

Persistent link: https://www.econbiz.de/10011432162

Asset prices in taylor rules : specification, estimation, and policy implications for the ECB

Siklos, Pierre L. (contributor); Werner, Thomas (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002235268

How the Bundesbank really conducted monetary policy : an analysis based on real-time data

Gerberding, Christina (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002235391

Foreign demand for euro banknotes issued in Germany : estimation using indirect approaches

Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - 2011

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in circulation in other euro-area countries. The analysis...

Persistent link: https://www.econbiz.de/10009298944

Der Auslandsumlauf deutscher Euro-Banknoten : Schätzung mit direkten Ansätzen

Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - 2011

In dem vorliegenden Papier versuchen wir, den Bestand der Euro-Banknoten zu ermitteln, der sich von der deutschen Banknotenemission im Ausland befindet. Dabei unterscheiden wir nach Beständen, die außerhalb des Euro-Währungsraums umlaufen, und solchen, die in anderen Ländern der EWU...

Persistent link: https://www.econbiz.de/10009298946

Foreign demand for euro banknotes issued in Germany : estimation using direct approaches

Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - 2011

Persistent link: https://www.econbiz.de/10009298950