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The impact of monetary instruments on shock absorption in EU-countries
Müller, Claudia; Buscher, Herbert S. - 1999
The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...
Persistent link: https://www.econbiz.de/10011442518
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The British foreign exchange reserves puzzle
Hüfner, Felix - 2000
The British foreign exchange reserves decreased by 40 percent during the period August 1996-December 1999 although the Pound Sterling is considered a floating exchange rate since it left the EMS in 1992. Since changes in the level of foreign exchange reserves are usually taken as indicators for...
Persistent link: https://www.econbiz.de/10011445032
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Price indices for information and communication technology industries : an application to the German PC market
Moch, Dietmar - 2001
Inflation wird zu hoch ausgewiesen. Bei der Analyse der Preisentwicklung für PCs in Deutschland (bezogen auf den Direktmarkt … 1994 are used to construct price indices for personal computers in Germany. The use of hedonic methods allows to correct … substantially lower, thus overestimating computer prices and inflation. When the hedonic index for German computer prices is …
Persistent link: https://www.econbiz.de/10011445963
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Will the (German) NAIRU please stand up?
Franz, Wolfgang - 2003
" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …
Persistent link: https://www.econbiz.de/10011448601
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Is the view from the Eurotower purely European? : national divergence and ECB interest rate policy
Heinemann, Friedrich; Hüfner, Felix - 2002
The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and theoretical considerations suggest that this official...
Persistent link: https://www.econbiz.de/10011447829
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An impact of country-specific economic developments on ECB decisions
Ullrich, Katrin (contributor) - 2006
Council. However, the maximum inflation rate and the minimum economic sentiment of the euro area seem to have an effect on the …
Persistent link: https://www.econbiz.de/10003357001
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Independence and accountability of monetary and fiscal policy committees
Mihailov, Alexander (contributor);  … - 2007
compared according to key macroeconomic performance criteria. Our results stress the trade-off between anchoring inflation …
Persistent link: https://www.econbiz.de/10003502649
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The perils of debt deflation in the euro area : a multi regime model
Semmler, Willi; Haider, Alexander - 2015
Academic research and policy makers in the Euro area are currently concerned with the threat of debt deflation and secular stagnation in Europe. Empirical evidence seems to suggest that secular stagnation and debt deflation in the Euro area may be rather slowly developing. Yet what appears as...
Persistent link: https://www.econbiz.de/10011339800
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Financial sector-output dynamics in the euro area : non-linearities reconsidered
Schleer, Frauke; Semmler, Willi - 2014 - This version: January 2014
We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our study employs newly constructed financial condition indices that incorporate banking variables extensively. We apply a non-linear Vector Smooth Transition Autoregressive...
Persistent link: https://www.econbiz.de/10010238376
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Financial sector-output dynamics in the euro area : non-linearities reconsidered
Schleer, Frauke; Semmler, Willi - 2013
We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study employs newly constructed financial condition indices that incorporate extensively banking variables. We apply a nonlinear Vector Smooth Transition Autoregressive (VSTAR) model...
Persistent link: https://www.econbiz.de/10009792964