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Exchange rate bands of inaction and Play-Hysteresis in German exports : sectoral evidence for some OECD destinations

Belke, Ansgar; Göcke, Matthias; Günther, Martin - 2012

German exports. -- Exchange rate movements ; play-hysteresis ; modelling techniques ; switching/spline regression ; export … path-dependent play-hysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports …A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond …

Persistent link: https://www.econbiz.de/10009579241

International evidence on sticky consumption growth

Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2008

Persistent link: https://www.econbiz.de/10003680749

Interest rate hysteresis in macroeconomic investment under uncertainty

Belke, Ansgar; Göcke, Matthias - 2019

changes in the interest rate on macroeconomic investment under the scenarios of certainty and uncertainty. We capture the … direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm …

Persistent link: https://www.econbiz.de/10011994756

Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the euro area

Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019

impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …

Persistent link: https://www.econbiz.de/10012034406

How stable are monetary models of the dollar-euro exchange rate? : a time-varying coefficient approach

Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - 2009

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …. -- Structural exchange rate models ; cointegration ; structural breaks ; switching regression ; time-varying coefficient approach …

Persistent link: https://www.econbiz.de/10003877676

International liquidity shocks and domestic loan supply in the euro area

Zwick, Lina - 2015

After two decades of increased financial market integration, particularly driven by the banking sector, during the recent financial crisis capital flows decreased sharply, and especially banking flows were affected. At the same time loan volume in Euro Area countries slowed down, evoking...

Persistent link: https://www.econbiz.de/10011299091

Forecasting ECB policy rates with different monetary policy rules

Belke, Ansgar; Klose, Jens - 2019

This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....

Persistent link: https://www.econbiz.de/10012034314

Monetary policy, stock prices and central banks cross-country comparisons of cointegrated VAR models

Belke, Ansgar; Wiedmann, Marcel - 2013

In this paper, we analyze the long-run behavior and short-run dynamics of stock markets across some selected developed and emerging economies – namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea, Thailand and Brazil – in the Cointegrated...

Persistent link: https://www.econbiz.de/10009779040

Monetary policy issues for the Eurosystem

Svensson, Lars E. O. - 1999

Persistent link: https://www.econbiz.de/10001390948

Long-run determinants of inflation differentials in a monetary union

Altissimo, Filippo; Benigno, Pierpaolo; Rodriguez … - 2005

Persistent link: https://www.econbiz.de/10003020592