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International transmission and monetary policy cooperation

Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...

Persistent link: https://www.econbiz.de/10003636288

Forecasting ECB monetary policy : accuracy is (still) a matter of geography

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

Persistent link: https://www.econbiz.de/10003305135

Inflation persistence and robust monetary policy design

Coenen, Günter - In: Journal of economic dynamics & control 31 (2007) 1, pp. 111-140

Persistent link: https://www.econbiz.de/10003404852

The timing of central bank communication

Ehrmann, Michael; Fratzscher, Marcel - In: European journal of political economy 23 (2007) 1, pp. 124-145

Persistent link: https://www.econbiz.de/10003427219

Communication by central bank committee members : different strategies, same effectiveness?

Ehrmann, Michael; Fratzscher, Marcel - In: Journal of money, credit and banking : JMCB 39 (2007) 2/3, pp. 509-541

Persistent link: https://www.econbiz.de/10003469710

Monetary policy in the media

Berger, Helge (contributor); Ehrmann, Michael (contributor); … - 2006

Media coverage of monetary policy actions is a central channel of a central bank's communication with the wider public, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB monetary policy decisions receive in the print media, and...