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Monetary policy shocks and portfolio choice
Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2010
Persistent link: https://www.econbiz.de/10008796419
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Monetary policy shocks and portfolio choice
Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2009
The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and … equities and into bonds, implying a negative conditional correlation between flows in equities and bonds. Moreover, such shocks … on monetary policy shocks. The results also shed light on the puzzle of the strongly time-varying equitybond return …
Persistent link: https://www.econbiz.de/10003969262
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Monetary Policy Shocks and Portfolio Choice
Fratzscher, Marcel - 2009
The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and … equities and into bonds, implying a negative conditional correlation between flows in equities and bonds. Moreover, such shocks … on monetary policy shocks. The results also shed light on the puzzle of the strongly time-varying equity-bond return …
Persistent link: https://www.econbiz.de/10013153609
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Forecasting ECB Monetary Policy; Accuracy is (Still) a Matter of Geography
Ehrmann, Michael; Fratzscher, Marcel; Berger, Helge - International Monetary Fund (IMF) - 2006
Monetary policy in the euro area is conducted within a multicountry, multicultural, and multilingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the European Central...
Persistent link: https://www.econbiz.de/10005825754
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Unchartered territory: Large-scale asset purchases by the European Central Bank
Bernoth, Kerstin; König, Philipp; Raab, Carolin; … - In: DIW Economic Bulletin 5 (2015) 13, pp. 189-198
purchase bonds, including euro area government bonds. The purchases are intended to anchor the rate of inflation and inflation … development of inflation in the euro area and outlines the main reasons for the recent decline in prices. It also discusses the …
Persistent link: https://www.econbiz.de/10010500470
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Unbekanntes Terrain: Anleihekäufe der Europäischen Zentralbank
Bernoth, Kerstin; König, Philipp; Reib, Carolin; … - In: DIW Wochenbericht 82 (2015) 13, pp. 307-316
Euroraum die Gefahr fiskalischer Dominanz, bei der eine künftige Bekämpfung der Inflation durch fiskalische Erwägungen … bonds, at its Council meeting in January. The purchases are intended to anchor the rate of inflation and inflation … fiscal dominance, implying that future control of inflation could be impeded by fiscal considerations. Moreover, asset …
Persistent link: https://www.econbiz.de/10010500484
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Unchartered Territory: Large-Scale Asset Purchases by the European Central Bank
Bernoth, Kerstin; König, Philipp; Raab, Carolin; … - In: DIW Economic Bulletin 5 (2015) 13, pp. 189-198
purchase bonds, including euro area government bonds. The purchases are intended to anchor the rate of inflation and inflation … development of inflation in the euro area and outlines the main reasons for the recent decline in prices. It also discusses the …
Persistent link: https://www.econbiz.de/10011210502
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Unbekanntes Terrain: Anleihekäufe der Europäischen Zentralbank
Bernoth, Kerstin; König, Philipp; Raab, Carolin; … - In: DIW Wochenbericht 82 (2015) 13, pp. 307-316
bonds, at its Council meeting in January. The purchases are intended to anchor the rate of inflation and inflation … fiscal dominance, implying that future control of inflation could be impeded by fiscal considerations. Moreover, asset …. Dies birgt im Euroraum die Gefahr fiskalischer Dominanz, bei der eine künftige Bekämpfung der Inflation durch fiskalische …
Persistent link: https://www.econbiz.de/10011210504
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Unbekanntes Terrain : Anleihekäufe der Europäischen Zentralbank
Bernoth, Kerstin; König, Philipp Johann; Reib, Carolin; … - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 82 (2015) 13, pp. 307-316
Euroraum die Gefahr fiskalischer Dominanz, bei der eine künftige Bekämpfung der Inflation durch fiskalische Erwägungen … bonds, at its Council meeting in January. The purchases are intended to anchor the rate of inflation and inflation … fiscal dominance, implying that future control of inflation could be impeded by fiscal considerations. Moreover, asset …
Persistent link: https://www.econbiz.de/10010496861
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Inflation targeting as a shock absorber
Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - In: Journal of international economics 123 (2020), pp. 1-16
Persistent link: https://www.econbiz.de/10012588312