Showing 1 - 10 of 47
In this paper, we review Otmar Issing's career as the ECB's inaugural chief economist and we document many notable successes. We try to infer some general principles that contributed to these successes and draw some lessons. In doing so, we review the evidence using Woodford%u2019s (2003) recent...
Persistent link: https://www.econbiz.de/10012761403
) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary … substantial in almost all. Where the IRC is not dominant, there is normally some direct evidence supporting the presence of a bank …
Persistent link: https://www.econbiz.de/10013233437
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...
Persistent link: https://www.econbiz.de/10013324114
In this paper, we review Otmar Issing's career as the ECB's inaugural chief economist and we document many notable successes. We try to infer some general principles that contributed to these successes and draw some lessons. In doing so, we review the evidence using Woodford's (2003) recent...
Persistent link: https://www.econbiz.de/10012466391
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...
Persistent link: https://www.econbiz.de/10012468712
) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary … substantial in almost all. Where the IRC is not dominant, there is normally some direct evidence supporting the presence of a bank …
Persistent link: https://www.econbiz.de/10012468713
Prior research demonstrates that mortality rates increase during economic booms and decrease during economic busts, but little analysis has been conducted investigating the role of environmental risks as potential mechanisms for this relationship. We investigate the contribution of air pollution...
Persistent link: https://www.econbiz.de/10013083393
This paper examines potential tradeoffs between research methods in answering important questions versus providing more cleanly identified estimates on problems that are potentially of lesser interest. The strengths and limitations of experimental and quasi-experimental methods are discussed and...
Persistent link: https://www.econbiz.de/10012907123
This study investigates how maternal employment is related to the outcomes of 10 and 11 year olds after controlling for a wide variety of child, mother and family background characteristics. The results suggest that the mother's labor supply has deleterious effects on cognitive development,...
Persistent link: https://www.econbiz.de/10012762600
This paper examines how estimates of the price elasticity of demand for beer vary with the choice of alcohol price series examined. Our most important finding is that the commonly used ACCRA price data are unlikely to reliably indicate alcohol demand elasticities--estimates obtained from this...
Persistent link: https://www.econbiz.de/10013008431