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Monetary policy in the Euro area : lessons from the first years

Clausen, Volker; Hayo, Bernd - 2002

This paper investigates in a consistent semi-structural empirical framework three current issues of monetary policy in the euro area. First, regarding policy transmission we offer a three-stage procedure to combine the efficient estimation of economic structure prior to EMU with current ECB...

Persistent link: https://www.econbiz.de/10010515674

Money-output Granger causality revisited : an empirical analysis of EU countries

Hayo, Bernd - 1998

revisited. Using a broad data base of 14 EU-countries plus Canada, the US and Japan, and quarterly data from the mid 60s to the …

Persistent link: https://www.econbiz.de/10010515705

Estimating a European demand for money

Hayo, Bernd - 1998

European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand...

Persistent link: https://www.econbiz.de/10010515712

FCIs and economic activity : some international evidence

Goodhart, Charles A. E.; Hofmann, Boris - 2003

A Monetary Conditions Index (MCI), a weighted average of the short-term real interest rate and the real exchange rate, is a commonly used indicator of aggregate demand conditions. In-sample evidence for the US, the euro area, Japan and the UK suggests that a Financial Conditions Index (FCI),...

Persistent link: https://www.econbiz.de/10010518118

Balkan and Mediterranean candidates for European Union membership : the convergence of their monetary policy with that of the European Central Bank

Brada, Josef C.; Kutan, Ali Mustafa - 2001

We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU … membership with that of countries that have recently joined the EU. Significant linkages exist between German base money stock … and that of recent members of the EU; the same holds true for some of the Mediterranean region candidates for EU …

Persistent link: https://www.econbiz.de/10010518130

Sources of inflation and output fluctuations in Poland and Hungary : implications for full membership in the European Union

Dibooglu, Sel; Kutan, Ali Mustafa - 2001

admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply … component of inflation has been demand driven, "core" inflation. Finally, policy implications of these findings regarding EU …

Persistent link: https://www.econbiz.de/10010518135

Monetary convergence and risk premiums in the EU candidate countries

Orłowski, Lucjan T. - 2002

rate risk premiums in the EU candidate countries as they undergo monetary convergence to the eurozone. The underlying …

Persistent link: https://www.econbiz.de/10010519049

Euro adoption and Maastricht criteria : rules or discretion?

Jonas, Jiri (contributor) - 2004

Persistent link: https://www.econbiz.de/10002195394

European integration, productivity growth and real convergence

Yigit, Taner M. (contributor); Kutan, Ali M. (contributor) - 2004

Persistent link: https://www.econbiz.de/10002088503

Economic integration in a multicone world?

Volpe Martincus, Christian (contributor); … - 2005

This paper examines whether economic integration favors countries' convergence into a common cone of diversification. We analyze the manufacturing specialization patterns for a sample of 19 current and potential European Union countries over the period 1963-1998, and assess the impact of...

Persistent link: https://www.econbiz.de/10003168398