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Bidder behavior in repo auctions without minimum bid rate : evidence from the Bundesbank
Linzert, Tobias; Nautz, Dieter; Breitung, Jörg - 2003
banks refrain from bidding, severely impeding the ECB's money market management. To shed more light on banks' underbidding … expected rate cut. This suggests that abandoning the minimum bid rate might increase the efficiency of the ECB's money market …
Persistent link: https://www.econbiz.de/10011432155
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A Vectorautoregressive Investment Model (VIM) and monetary policy transmission : panel evidence from German firms
Breitung, Jörg; Chirinko, Robert S.; Kalckreuth, Ulf von - 2003
This paper proposes a new framework for studying the effects of monetary policy on business investment. Important ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling investment spending as a VAR. Based on a panel of...
Persistent link: https://www.econbiz.de/10011432001
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A Vectorautoregressive Investment Model (VIM) and monetary policy transmission : panel evidence from German firms
Breitung, Jörg; Chirinko, Robert S.; Kalckreuth, Ulf von - 2003
This paper proposes a new framework for studying the effects of monetary policy on business investment. Important ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling investment spending as a VAR. Based on a panel of...
Persistent link: https://www.econbiz.de/10001754721