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important to know how Belgian banks react to a monetary policy shock. Since the direct influence of central banks is confined to … significant impact on the demand, indicating that the demand for investment credits is very price elastic. On the Belgian markets …
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The headline inflation rate is subject to unpredictable, temporary, sector-specific shocks. Therefore, various measures of core inflation have been proposed to isolate the underlying or permanent inflation component. In this paper, a number of criteria are used to evaluate several statistical...
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This article discusses and advocates extension of the traditional price index to include asset prices. A price index … relevant in the current situation of low inflation as shown up by the traditional price indices. These indices are furthermore …
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, EMU. As a result, the ECB's monetary policy does not necessarily affect economic activity and price developments in …
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