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A challenge to the ECB's first pillar? : The French experience

Müller, Christian (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001767723

Nominal stability and Swiss monetary regimes over two centuries

Kaufmann, Daniel - 2015

This paper documents nominal stability in Switzerland from 1805 to 2013 using a data set on annual price, wage and … findings emerge. (i) Fiat currency regimes in Switzerland provided a relatively stable monetary background even compared to the …

Persistent link: https://www.econbiz.de/10010508343

A comparison of firm-level innovation cooperation in five European countries

Arvanitis, Spyridon; Bolli, Thomas - 2009

in five European countries: Belgium, Germany, Norway, Portugal and Switzerland. In a first step we analyse cooperation …This paper compares the determinants and the effects of innovation cooperation on innovation performance at firm level … agreements with national and international partners and in a second step cooperation with enterprises and research institutions …

Persistent link: https://www.econbiz.de/10003909643

Is deflation costly after all? : evidence from noisy historical data

Kaufmann, Daniel - 2016 - This version: 28 November 2016

I study the link between real activity and deflation, taking into account measurement problems in 19th century CPI data. Replications based on modern data show that measurement problems spuriously increase the volatility of inflation as well as the number of deflationary episodes, and they lower...

Persistent link: https://www.econbiz.de/10011573259

Seeing and hearing is believing : the role of audiovisual communication in shaping inflation expectations

Ash, Elliott; Mikosch, Heiner; Perakis, Alexis; … - 2024

This paper presents novel causal evidence on the relationship between various communication channels employed by central banks and households' expectations about future inflation. In a pre-registered randomized survey experiment administered in 2022, we examine adjustment of inflation...

Persistent link: https://www.econbiz.de/10014471991

Do markets care about Central Bank governor changes? : evidence from emerging markets

Moser, Christoph (contributor); Dreher, Axel (contributor) - 2007

Central bank governor changes in emerging markets may convey important signals about future monetary policy. Based on a new daily data set, this paper examines the reactions of foreign exchange markets, domestic stock market indices and sovereign bond spreads to central bank governor changes....

Persistent link: https://www.econbiz.de/10003764065

Too many cooks? : committees in monetary policy

Berger, Helge (contributor); Nitsch, Volker (contributor) - 2008

How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...

Persistent link: https://www.econbiz.de/10003767748

Does central bank communication really lead to better forecasts of policy decisions? : new evidence based on a Taylor rule model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - 2009

Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...

Persistent link: https://www.econbiz.de/10003919419

When is a central bank governor fired? : evidence based on a new data set

Dreher, Axel (contributor); Haan, Jakob de (contributor); … - 2006

This paper uses a new data set on the term in office of central bank governors in 137 countries covering the period 1970-2004 to estimate a model for the chance that a central bank governor is replaced. We formulate a number of hypotheses based on the literature on the determinants of central...

Persistent link: https://www.econbiz.de/10003387337

Are consumer expectations theory-consistent? : the role of macroeconomic determinants and central bank communication

Dräger, Lena; Lamla, Michael; Pfajfar, Damjan - 2013

Using the microdata of the Michigan Survey of Consumers, we evaluate whether U.S. consumers form macroeconomic expectations consistent with different economic concepts. We check whether their expectations are in line with the Phillips Curve, the Taylor Rule and the Income Fisher Equation. We...

Persistent link: https://www.econbiz.de/10010201163

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