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Money, Stock Prices and Central Banks : A Cointegrated VAR Analysis
Wiedmann, Marcel - 2011
whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter … flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand …
Persistent link: https://www.econbiz.de/10014015328
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Wirtschaftliche Krisen bewältigen : Neue Erkenntnisse aus den jüngsten Krisen
Horn, Gustav A. - 2016 - 1. Aufl. 2016
. Im Ergebnis zeigt sich, wie wichtig die Geldpolitik ist, um Panik und Unsicherheit rasch bekämpfen zu können. Sie kommt …
Persistent link: https://www.econbiz.de/10014017736
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Inflation and Unemployment in a Monetary Union
Carlberg, Michael (contributor) - 2008
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the...
Persistent link: https://www.econbiz.de/10013520991
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The Impact of Labor Markets on the Transmission of Monetary Policy in an Estimated DSGE Model
Christoffel, Kai Philipp; Kuester, Keith; Linzert, Tobias - 2021
Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New-Keynesian closed economy...
Persistent link: https://www.econbiz.de/10013318057
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Monetary Policy and the German Unemployment Problem in Macroeconomic Models : Theory and Evidence
Gottschalk, Jan (contributor) - 2005
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...
Persistent link: https://www.econbiz.de/10014014221
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Beyond Cobb-Douglas : Flexibly Estimating Matching Functions with Unobserved Matching Efficiency
Lange, Fabian - 2020
Exploiting results from the literature on non-parametric identification, we make three methodological contributions to the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires. First, we show how to non-parametrically identify the...
Persistent link: https://www.econbiz.de/10012835872
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The Effect of Search Frictions on Wages
van den Berg, Gerard J.; van Vuuren, Aico - 2021
Labor market theories allowing for search frictions make marked predictions on the effect of the degree of frictions on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested. We perform tests with matched worker-firm data. The...
Persistent link: https://www.econbiz.de/10013319882
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Monetary and Wage Policies in the Euro Area
Carlberg, Michael (contributor) - 2007
Studies the interactions between monetary and wage policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. It also features numerical simulations of policy competition and numerical solutions to policy cooperation
Persistent link: https://www.econbiz.de/10013520641
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Central Bank Independence, Regulations, and Monetary Policy : From Germany and Greece to China and the United States
Ray Chaudhuri, Ranajoy - 2018
, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and … -- 5. Germany and the European Central Bank -- 6. Greece -- 7. The Russian Federation -- 8. India -- 9. China -- 10. Japan …
Persistent link: https://www.econbiz.de/10012396941
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Cash in East Asia
Rövekamp, Frank (ed.); Bälz, Moritz (ed.);  … - 2017
, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with … cashless payments for daily exchanges, while countries like Japan still largely rely on cash for a wide range of transactions … Korea -- Domestic Liquidity Conditions and Monetary Policy Policy and Singapore -- Fully Reserve-backed Money: A Solution to …
Persistent link: https://www.econbiz.de/10012397270