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Inflation and inflation uncertainty in the euro area
Caporale, Guglielmo Maria; Paesani, Paolo; Onorante, Luca - 2010
change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly owing to …
Persistent link: https://www.econbiz.de/10011605275
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Inflation and inflation uncertainty in the euro area
Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - 2009
policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the …
Persistent link: https://www.econbiz.de/10010271133
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Inflation and Inflation Uncertainty in the Euro Area
Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the …
Persistent link: https://www.econbiz.de/10004963627
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Inflation and Inflation Uncertainty in the Euro Area
Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - CESifo - 2009
policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the …
Persistent link: https://www.econbiz.de/10005013037
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The Euro and Inflation Uncertainty in the European Monetary Union
Caporale, Guglielmo Maria; Kontonikas, Alexandros - CESifo - 2006
This paper investigates the relationship between inflation and inflation uncertainty in twelve EMU countries. A time …-varying GARCH model is estimated to distinguish between short-run and steady-state inflation uncertainty. The effects of the …-state inflation has generally remained stable, steady-state inflation uncertainty and inflation persistence have both increased, and …
Persistent link: https://www.econbiz.de/10005406171
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The Euro and Monetary Policy Transparency
Caporale, Guglielmo Maria; Cipollini, Andrea - In: Eastern Economic Journal 28 (2002) 1, pp. 59-70
This paper focuses on a possible explanation for the weakness of the euro, namely the lack of transparency of the European Central Bank's (ECB) monetary policy. In order to obtain a time-varying measure of monetary policy uncertainty in both the U.S. and Euroland, we estimate a Stochastic...
Persistent link: https://www.econbiz.de/10005769826
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Inflation and inflation uncertainty in the euro area
Caporale, Guglielmo Maria; Paesani, Paolo; Onorante, Luca - European Central Bank - 2010
change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation …This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly owing to …
Persistent link: https://www.econbiz.de/10008560373
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The bank lending channel in a dual banking system: Evidence from Malaysia
Caporale, Guglielmo Maria; Çatık, Abdurrahman Nazif; … - 2016
This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system including both Islamic and conventional banks, over the period 1994:01-2015:06. A two-regime threshold vector autoregression (TVAR) model is estimated to take into account...
Persistent link: https://www.econbiz.de/10011443185
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The Bank Lending Channel in a Dual Banking System: Evidence from Malaysia
Caporale, Guglielmo Maria; Catik, Abdurrahman Nazif; … - 2016
This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system including both Islamic and conventional banks, over the period 1994:01-2015:06. A two-regime threshold vector autoregression (TVAR) model is estimated to take into account...
Persistent link: https://www.econbiz.de/10011451418
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The bank lending channel in a dual banking system : evidence from Malaysia
Caporale, Guglielmo Maria; Catik, A. Nazif; Helmi, … - 2016
This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system including both Islamic and conventional banks, over the period 1994:01-2015:06. A two-regime threshold vector autoregression (TVAR) model is estimated to take into account...
Persistent link: https://www.econbiz.de/10011441470