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Regulierung, Deglobalisierung und Arbeitskräftemangel als Transmissionskanäle von der Geldpolitik zur Inflation

Schnabl, Gunther - 2023

Arbeitsmarktes beigetragen hat. Der negative Einfluss der Geldpolitik auf die Globalisierung wird auf Überinvestition in China sowie … die negativen Verteilungseffekte der Geldpolitik zurückgeführt. Das Ergebnis ist eine sich verfestigende … Konsumentenpreisinflation. Zur Bekämpfung der Inflation wird eine Fortsetzung des Ausstiegs der EZB aus der ultra- lockeren Geldpolitik …

Persistent link: https://www.econbiz.de/10014317118

Tell me something I don't already know: Learning in low- and high-inflation settings

Weber, Michael; Candia, Bernardo; Ropele, Tiziano; … - 2023

Using randomized control trials (RCT) applied over time in different countries, we study how the economic environment affects how agents learn from new information. We show that as inflation has risen in developed economies, both households and firms have become more attentive and informed about...

Persistent link: https://www.econbiz.de/10014388422

Did the Fed and ECB react asymmetrically with respect to asset market developments?

Hoffmann, Andreas - 2012

This paper studies the monetary policy of the Federal Reserve (Fed) and the Bundesbank / European Central Bank (ECB) with respect to stock or/and foreign exchange markets from 1979 to 2009. I find that Fed policy changed over time, dependent on the chairman of the Fed. During the Greenspan era...

Persistent link: https://www.econbiz.de/10010308139

Monetary policy under alternative exchange rate regimes in Central and Eastern Europe

Ziegler, Christina - 2012

Monetary policy in CEE is an important determinant in the wage bargaining process, because trade unions have to predict inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an inflation target are tempted to act...

Persistent link: https://www.econbiz.de/10010308235

Overvalued: Swedish monetary policy in the 1930s

Rathke, Alexander; Straumann, Tobias; Woitek, Ulrich - 2011

This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank in the 1930s is sometimes seen as an example of a central bank that was relatively innovative in terms of the conduct of monetary policy. To consider this analytically, we...

Persistent link: https://www.econbiz.de/10010316914

The redistributive effects of monetary policy

Ledoit, Olivier - 2011

We introduce a model of the economy as a social network. Two agents are linked to the extent that they transact with each other. This generates well-defined topological notions of location, neighborhood and closeness. We investigate the implications of our model for monetary economics. When a...

Persistent link: https://www.econbiz.de/10010316933

Monetary policy and Swedish unemployment fluctuations

Alexius, Annika; Holmlund, Bertil - 2008

A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...

Persistent link: https://www.econbiz.de/10010317906

Optimal fiscal and monetary policy under sticky prices

Schmitt-Grohé, Stephanie; Uribe, Martín - 2001

This paper studies optimal fiscal and monetary policy under sticky product prices. The theoretical framework is a stochastic production economy without capital. The government finances an exogenous stream of purchases by levying distortionary income taxes, printing money, and issuing one-period...

Persistent link: https://www.econbiz.de/10010318338

Optimal fiscal and monetary policy under imperfect competition

Schmitt-Grohé, Stephanie; Uribe, Martín - 2001

This paper studies optimal fiscal and monetary policy

Persistent link: https://www.econbiz.de/10010318348

Chaotic interest rate rules

Benhabib, Jess; Schmitt-Grohé, Stephanie; Uribe, Martín - 2001

A growing empirical and theoretical literature argues in favor of specifying monetary policy in the form of Taylor-type interest rate feedback rules. That is, rules whereby the nominal interest rate is set as an increasing function of inflation with a slope greater than one around an intended...

Persistent link: https://www.econbiz.de/10010318350