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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
Simple models of monetary policy often imply optimal policy behavior that is considerably more aggressive than what is commonly observed. This paper argues that such counterfactual implications are due to model restrictions and a failure to account for multiplicative parameter uncertainty,...
Persistent link: https://www.econbiz.de/10005207188
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
In spite of being mainly concerned with stabilization policies, central banks in many developed countries often advocate the necessity of structural reforms. In turn, demand-side policies - such as monetary policy - can often help improving the political support of reforms (two-handed-approach)....
Persistent link: https://www.econbiz.de/10005031605
Boltszintû árstatisztikai felírások alapján a tanulmány a magyarországi inflációs folyamatok és árazási magatartás jellemzõinek regionális hasonlóságait és eltéréseit vizsgálja. Fõ tanulsága, hogy a hivatalos NUTS-II régiók nem képeznek önálló gazdasági egységeket,...
Persistent link: https://www.econbiz.de/10008578169
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
This case study is a part of the research project "The Unexpected consequences and impacts of the regulation of markets … of the Law CXXIV (2012) which radically changed the regulation of the market of tobacco products. The new regulation … role in the remarkable modification of the regulation of this market. An other important factor of this development was …
Persistent link: https://www.econbiz.de/10010494591
This case study is a part of the research project "The Unexpected consequences and impacts of the regulation of markets … of the Law CXXIV (2012) which radically changed the regulation of the market of tobacco products. The new regulation … role in the remarkable modification of the regulation of this market. An other important factor of this development was …
Persistent link: https://www.econbiz.de/10010354630
Hungarian Abstract: Az online kereskedelem napjainkra egyre inkább elterjedtté vált. Az elektronikus áruházak számára egyre több adat válik hozzáférhetővé a felhasználóiról, amit azok fel is használnak a kereskedelmi gyakorlatban számos céllal: személyre szabott ajánlatok...
Persistent link: https://www.econbiz.de/10012864641
Persistent link: https://www.econbiz.de/10000744555