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CBDC and cash in the euro area : crowding out or co-circulation?
Rösl, Gerhard; Seitz, Franz - 2022
-paid scheme combining central elements of TARGET Instant Payment Settlement and electronic money features enabling offline and … online instant payments. The issuance of a digital euro would be neutral to total money supply as banks act only as …
Persistent link: https://www.econbiz.de/10013399889
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Central bank digital currency and cash in the euro area : current developments and one specific proposal
Rösl, Gerhard; Seitz, Franz - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 523-551
-paid scheme combining central elements of TARGET Instant Payment Settlement and electronic money features enabling offline and …
Persistent link: https://www.econbiz.de/10014518599
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what role for narrow money?
Brand, Claus; Reimers, Hans-Eggert; Seitz, Franz - 2003
theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M …
Persistent link: https://www.econbiz.de/10009635922
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The demand for euro area currencies
Fischer, Björn; Köhler, Petra; Seitz, Franz - 2004
as at an aggregate euro area level. The next chapter develops a theoretical model, which extends traditional money demand …
Persistent link: https://www.econbiz.de/10009636553
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The Demand for Euro Area Currencies : Past, Present and Future
Fischer, Björn; Koehler, Petra; Seitz, Franz - 2021
level. The next chapter develops a theoretical model, which broadens traditional money demand models to incorporate …
Persistent link: https://www.econbiz.de/10013319386
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Forecasting Real GDP : What Role for Narrow Money?
Brand, Claus; Reimers, Hans-Eggert; Seitz, Franz - 2021
theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M …
Persistent link: https://www.econbiz.de/10013319722
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Monetary and macroprudential policy complementarities : evidence from European credit registers
Altavilla, Carlo; Laeven, Luc; Peydró, José-Luis - 2020
We document that there are strong complementarities between monetary policy and macroprudential policy in shaping the evolution of bank credit. We use a unique loanlevel dataset comprising multiple credit registers from several European countries and different types of loans, including corporate...
Persistent link: https://www.econbiz.de/10012390482
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Monetary and Macroprudential Policy Complementarities : Evidence from European Credit Registers
Altavilla, Carlo; Laeven, Luc; Peydró, José-Luis - 2021
We document that there are strong complementarities between monetary policy and macroprudential policy in shaping the evolution of bank credit. We use a unique loan-level dataset comprising multiple credit registers from several European countries and different types of loans, including...
Persistent link: https://www.econbiz.de/10013314796
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The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the Euro area
Altavilla, Carlo; Ciccarelli, Matteo - 2009
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10010264579
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The effects of monetary policy on unemployment dynamics under model uncertainty : evidence from the US and the Euro area
Altavilla, Carlo; Ciccarelli, Matteo - 2009
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10003813633