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Monetary Policy and Market Interest Rates

Ellingsen, Tore; Söderström, Ulf - Economics Institute for Research (SIR), … - 1998

We investigate, theoretically and empirically, the relationship between monetary policy and the term structure of interest rates. In particular, we show in a dynamic macroeconomic model that if monetary policy reveals information about economic developments, interest rates of all maturities move...

Persistent link: https://www.econbiz.de/10005649304

Pénz és kamat. A monetáris politika megújítása. (Money and Interest Rate. A New Approach to Monetary Policy)

Abel, Istvan - 2020

Hungarian Abstract: A hagyományos közgazdaságtan a reálelemzés keretében érvel, és ez akadálya a valós gazdasági folyamatok megértésének. Schumpeter és Keynes kritizálta ezt a megközelítést és helyette a monetáris elemzést alkalmazta. Ezt az elméleti alapvetést követem,...

Persistent link: https://www.econbiz.de/10012849610

Why Do Central Banks Push for Structural Reforms? The Case of a Reform in the Labor Market

Aguiar, Álvaro; Ribeiro, Ana Paula - Faculdade de Economia, Universidade do Porto - 2008

reform is modeled as a structural change inducing a permanent shift in the flexible prices unemployment and output levels …

Persistent link: https://www.econbiz.de/10005031605

Bidding in fixed rate tenders: theory and experience with the ECB tenders

Välimäki, Tuomas - Suomen Pankki - 2002

This paper presents a model of the optimal bidding behaviour of a single bank in the context of fixed rate liquidity tenders. Banks’ bidding is shown to depend crucially on the central bank’s liquidity policy as regards tender allotments. The paper also analyses ECB liquidity policy in terms...

Persistent link: https://www.econbiz.de/10005648869

Monetary policy with uncertain parameters

Söderström, Ulf - Economics Institute for Research (SIR), … - 1999

In a simple dynamic macroeconomic model, it is shown that uncertainty about structural parameters does not necessarily lead to more cautious monetary policy, refining the accepted wisdom concerning the effects of parameter uncertainty on optimal policy. In particular, when there is uncertainty...

Persistent link: https://www.econbiz.de/10005649477

Wage Compression and Welfare in Sweden

Lindquist, Matthew J. - Nationalekonomiska institutionen, Stockholms Universitet - 2000

compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … unemployment. …

Persistent link: https://www.econbiz.de/10005645493

Foglalkoztatottság, munkanélküliség 1992 - 1996

Lakatos, Judit - In: Gazdaság és statisztika : GES 9 (1997) 6, pp. 18-32

Persistent link: https://www.econbiz.de/10001236746

The composition of non-employment Hungary

Köllő, János - 2005

Persistent link: https://www.econbiz.de/10002892478

Foglalkoztatás és munkanélküliség Magyarországon

Orgoványi, Emília - In: Statisztikai szemle : a Központi Statisztikai Hivatal … 75 (1997) 12, pp. 1022-1038

This paper aims to give an overall picture on employment changes in Hungary, on the basis of censuses and surveys … (microcensus, LFS) carried out by the Hungarian Central Statistical Office. Unemployment in the first half of our century, the … employment conditions of the socialist era and the new economic and employment situation resuiting from the changes of …

Persistent link: https://www.econbiz.de/10015144979

Insurance Policies for Monetary Policy in the Euro Area

Wieland, Volker; Kuester, Keith - Society for Computational Economics - SCE - 2005

In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB. We find that maximal insurance across this model range in terms of a Minimax policy comes at moderate...

Persistent link: https://www.econbiz.de/10005345043