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Inflation targeting as a shock absorber
Fratzscher, Marcel; Grosse Steffen, Christoph; Rieth, Malte - 2018
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting...
Persistent link: https://www.econbiz.de/10011794926
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20 Jahre Euro: eine Erfolgsgeschichte?
Fratzscher, Marcel; Kriwoluzky, Alexander; Schäfer, Stefan - In: Wirtschaftsdienst 98 (2018) 12, pp. 839-858
Am 1. Januar 1999 wurde der Euro als Buchgeld eingeführt. Schon ein halbes Jahr zuvor war die Europäische Zentralbank …
Persistent link: https://www.econbiz.de/10012158496
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Der Euro als Erfolgsgeschichte
Fratzscher, Marcel; Kriwoluzky, Alexander - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 98 (2018) 12, pp. 839-842
Am 1. Januar 1999 wurde der Euro als Buchgeld eingeführt. Schon ein halbes Jahr zuvor war die Europäische Zentralbank …
Persistent link: https://www.econbiz.de/10011986742
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Inflation targeting as a shock absorber
Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - 2018
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting...
Persistent link: https://www.econbiz.de/10011790769
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Inflation Targeting as a Shock Absorber
Fratzscher, Marcel - 2018
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting...
Persistent link: https://www.econbiz.de/10012926238
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Inflation Targeting as a Shock Absorber
Fratzscher, Marcel - 2018
We study the characteristics of inflation targeting as a shock absorber in response to large shocks in the form of natural disasters for a sample of 76 countries over the period 1970-2015. We find that inflation targeting improves macroeconomic performance following such shocks as it lowers...
Persistent link: https://www.econbiz.de/10012931160
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Exchange Rates and Fundamentals : New Evidence from Real-Time Data
Ehrmann, Michael; Fratzscher, Marcel - 2021
-time data. We find that such economic news in the United States, Germany and the euro area have indeed been a driving force … behind daily US dollar - euro/DEM exchange rate developments in the period 1993-2003. The larger importance of US … macroeconomic news is at least partly explained by their earlier release time compared to corresponding German and euro area news …
Persistent link: https://www.econbiz.de/10013319332
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How successful is the G7 in managing exchange rates?
Fratzscher, Marcel - 2008
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10011604998
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Do China and oil exporters influence major currency configurations?
Fratzscher, Marcel; Mehl, Arnaud - 2008
economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … have a statistically but also an economically significant impact on the euro, and to a lesser extent the yen against the US … the appreciation of the euro against the US dollar in recent years. Interestingly, EME policy-makers appear to have become …
Persistent link: https://www.econbiz.de/10011605019
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China's dominance hypothesis and the emergence of a tri-polar global currency system
Fratzscher, Marcel; Mehl, Arnaud - 2011
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …
Persistent link: https://www.econbiz.de/10011605438