Showing 11 - 20 of 168
Persistent link: https://www.econbiz.de/10002733033
countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …
Persistent link: https://www.econbiz.de/10013319175
the support of environmental investments. This can be done without creating inflation. …, die Geldschöpfungskapazität der EZB zur Unterstützung von Umweltinvestitionen zu nutzen. Dies kann ohne Inflation erfolgen. …
Persistent link: https://www.econbiz.de/10012154787
Persistent link: https://www.econbiz.de/10001295469
Persistent link: https://www.econbiz.de/10001143822
This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European … exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … the whole observation period the estimations reveal a significant impact of exchange rate stability on low inflation as …
Persistent link: https://www.econbiz.de/10011402440
It is well-known that the high synchronization of the business cycles among industrial countries cannot easily be replicated in standard open economy macroeconomic models without assuming that the exogenous shocks hitting these countries are highly correlated. We develop a two-country behavioral...
Persistent link: https://www.econbiz.de/10011444133
rigid economy. Finally, we analyze how structural reforms change the tradeoffs between output and inflation variability. Our …
Persistent link: https://www.econbiz.de/10011663556
Persistent link: https://www.econbiz.de/10014554048
In a world of radical uncertainty the frequency distributions of economic variables deviate from the normal distribution and typically exhibit fat tails. We show that this feature is obtained in simple models where agents have cognitive limitations and fail to understand the underlying model....
Persistent link: https://www.econbiz.de/10014517948