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~isPartOf:"NBER Working Paper"
~person:"Franz, Wolfgang"
~person:"Svensson, Lars E. O."
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Franz, Wolfgang
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61
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54
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1
Expected and Predicted Realignments : The Ff/Dm Exchange Rate During the EMS
Rose, Andrew Kenan
;
Svensson, Lars E. O.
-
2021
An empirical model of time-varying realignment risk in an exchange rate target zone is developed. Expected rates of devaluation are estimated as the difference between interest race differentials and estimated expected rates of depreciation within the exchange rate band, using French...
Persistent link: https://www.econbiz.de/10013217941
Saved in:
2
Young and Out in
Germany
: On the Youths' Chances of Labor Market Entrance in
Germany
Franz, Wolfgang
;
Inkmann, Joachim
;
Pohlmeier, Winfried
; …
-
2021
This paper deals with the labor market entrance of young people in the Federal Republic" of
Germany
. The main focus is … on failures during this stage. First, an overview of the youth" labor market in
Germany
is given. Then, the transition …
Persistent link: https://www.econbiz.de/10013222219
Saved in:
3
German and American Wage and Price Dynamics : Differences and Common Thenes
Franz, Wolfgang
;
Gordon, Robert J.
-
2021
The evolution of unemployment in West
Germany
and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in
Germany
, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in
Germany
there emerged a growing …
Persistent link: https://www.econbiz.de/10013237265
Saved in:
4
The Duration of Youth Unemployment in West
Germany
: Some Theoretical Considerations
Franz, Wolfgang
-
2021
This paper presents a theoretical model dealing with the duration of youth unemployment in West
Germany
. Duration can …
Persistent link: https://www.econbiz.de/10013249173
Saved in:
5
The Reservation Wage of Unemployed Persons in the Federal Republic of
Germany
:
Theory
and Empirical Tests
Franz, Wolfgang
-
2021
This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of
Germany
…
Persistent link: https://www.econbiz.de/10013249255
Saved in:
6
Inflation Targeting
Svensson, Lars E. O.
-
2011
-market economies. The chapter discusses the history, macroeconomic effects,
theory
, practice, and future of inflation targeting …
Persistent link: https://www.econbiz.de/10013131986
Saved in:
7
Transparency and Credibility : Monetary Policy with Unobservable Goals
Faust, Jon
-
2010
We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more inflationary policy than a high-credibility bank, in...
Persistent link: https://www.econbiz.de/10013137302
Saved in:
8
Inflation Forecast Targeting : Implementing and Monitoring Inflation Targets
Svensson, Lars E. O.
-
2011
Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an explicit intermediate target. Inflation forecast targeting simplifies both implementation and monitoring of monetary policy. The weight on output stabilization determines how...
Persistent link: https://www.econbiz.de/10013125561
Saved in:
9
Cost-Benefit Analysis of Leaning Against the Wind
Svensson, Lars E. O.
-
2016
A simple and transparent framework for cost-benefit analysis of \leaning against the wind" (LAW), that is, tighter monetary policy for financial-stability purposes, is presented. LAW has obvious costs in the form of a weaker economy if no crisis occurs and possible benefits in the form of a...
Persistent link: https://www.econbiz.de/10013000534
Saved in:
10
Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models
Bertola, Giuseppe
-
2008
This paper proposes a tractable and realistic nonlinear model of exchange rate dynamics, and argues that its predictions are consistent with available empirical evidence on exchange rate and interest differential behavior in real-life target zones. In our model, the exchange rate fluctuates...
Persistent link: https://www.econbiz.de/10012774856
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