Narrow search
Showing 1 - 10 of 304
Cover Image
The dollar-euro exchange rate and macroeconomic fundamentals : a time-varying coefficient approach
Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - In: Review of world economics 147 (2011) 1, pp. 11-40
Persistent link: https://www.econbiz.de/10009125012
Cover Image
Does government ideology matter in monetary policy? A panel data analysis for OECD countries
Belke, Ansgar; Potrafke, Niklas - In: Journal of International Money and Finance 31 (2012) 5, pp. 1126-1139
This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data in the 1980.1–2005.4 period and exclude EMU countries. Our Taylor-rule specification focuses on the interactions of a new time-variant index of central bank independence with...
Persistent link: https://www.econbiz.de/10010599334
Cover Image
Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?
Belke, Ansgar - In: Review of Economics 64 (2013) 3, pp. 341-364
This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate … the economy in the Euro Area. It does so by delivering details on whether and how the effectiveness of the ECB’s policies …
Persistent link: https://www.econbiz.de/10011198688
Cover Image
Europäischer geldpolitischer Exit im Zeichen von QE2 und Staatsanleihekäufen der EZB
Belke, Ansgar; Schnabl, Gunther - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 79 (2010) 4, pp. 147-161
A sequence of crises and emergency interest rate cuts has moved global interest rates towards zero and government debt to historical records. We discuss the available options to exit from unconventional monetary policies and unsustainable government debt. First, we shed light on the probability...
Persistent link: https://www.econbiz.de/10008919645
Cover Image
Does Government Ideology Matter in Monetary Policy?: A Panel Data Analysis for OECD Countries
Belke, Ansgar; Potrafke, Niklas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data in the 1980.1-2005.4 period and exclude EMU countries. Our Taylor-rule specification focuses on the interactions of a new time-variant index of central bank independence with...
Persistent link: https://www.econbiz.de/10009395418
Cover Image
The European Central Bank and the Financing Conditions of Small and Medium-Sized Enterprises in Europe
Belke, Ansgar; Verheyen, Florian - In: Rivista di Politica Economica (2014) 2, pp. 199-215
economic crisis and a fragmentation of financial markets in the euro area. Funding conditions differ between the countries of … the euro area. Claims have emerged that the ECB should more explicitly address the financing problems of SMEs. In this …
Persistent link: https://www.econbiz.de/10010858714
Cover Image
Monetary Dialogue 2009-2014 – Looking Backward, Looking Forward
Belke, Ansgar - Rheinisch-Westfälisches Institut für … - 2014
This Paper comments on the role of the Monetary Dialogue in the context of an evolving monetary policy. The discussion is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB’s model choice and data revision policies in inflation...
Persistent link: https://www.econbiz.de/10010860300
Cover Image
Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?
Belke, Ansgar - Rheinisch-Westfälisches Institut für … - 2013
This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate … the economy in the Euro Area. It does so by delivering details on whether and how the effectiveness of the ECB’s policies …
Persistent link: https://www.econbiz.de/10010860302
Cover Image
Interest rate pass-through in the EMU – New evidence from nonlinear cointegration techniques for fully harmonized data
Belke, Ansgar; Beckmann, Joscha; Verheyen, Florian - In: Journal of International Money and Finance 37 (2013) C, pp. 1-24
cointegrating relationship between loan rates and the Euro OverNight Index Average (EONIA) and allow for different nonlinear …
Persistent link: https://www.econbiz.de/10010709330
Cover Image
Modifying Taylor reaction functions in the presence of the zero‐lower‐bound — Evidence for the ECB and the Fed
Belke, Ansgar; Klose, Jens - In: Economic Modelling 35 (2013) C, pp. 515-527
We propose an alternative way of estimating Taylor reaction functions if the zero‐lower bound on nominal interest rates is binding. This approach relies on tackling the real rather than the nominal interest rate. So if the nominal rate is (close to) zero central banks can influence the...
Persistent link: https://www.econbiz.de/10011048833