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The fiscal-monetary policy mix in the Euro area : challenges at the zero lower bound
Orphanides, Athanasios - 2017
This paper explores the reasons for the suboptimal fiscal-monetary policy mix in the euro area in the aftermath of the … economic outcomes in the euro area and the United States suggests that both fiscal and monetary policy in the euro area have … been overly tight. Fiscal policy has been hampered by the institutional framework which constrains individual states and …
Persistent link: https://www.econbiz.de/10011749436
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The Macroeconomic Consequences of Terrorism
Blomberg, S. Brock; Hess, Gregory D.; Orphanides, Athanasios - 2004
We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annual observations on 177 countries from 1968 to 2000, which brings...
Persistent link: https://www.econbiz.de/10010276090
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The Macroeconomic Consequences of Terrorism
Blomberg, S. Brock; Hess, Gregory D.; Orphanides, Athanasios - 2021
We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annual observations on 177 countries from 1968 to 2000, which brings...
Persistent link: https://www.econbiz.de/10013319409
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Inflation scares and forecast-based monetary policy
Orphanides, Athanasios; Williams, John C. - 2003
tied down by the assumption of rational expectations and should be of little independent interest to policy makers. In this … expectations in the economy and in the conduct of monetary policy. Agents are assumed to have imperfect knowledge of the precise … authors also explore the role of private inflation expectations for the conduct of efficient monetary policy. Under rational …
Persistent link: https://www.econbiz.de/10010397398
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Evolving macroeconomic perceptions and the term structure of interest rates
Orphanides, Athanasios; Wei, Min - 2010
Persistent link: https://www.econbiz.de/10003932770
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Evolving macroeconomic perceptions and the term structure of interest rates
Orphanides, Athanasios; Wei, Min - In: Journal of economic dynamics & control 36 (2012) 2, pp. 239-254
Persistent link: https://www.econbiz.de/10009489611
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Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates
Wei, Min - 2011
We explore the role of evolving beliefs regarding the structure of the macroeconomy in improving our understanding of the term structure of interest rates within the context of a simple macro-finance model. Using quarterly vintages of real-time data and survey forecasts for the United States...
Persistent link: https://www.econbiz.de/10013128863
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Evolving macroeconomic perceptions and the term structure of interest rates
Orphanides, Athanasios; Wei, Min - Federal Reserve Board (Board of Governors of the … - 2010
We explore the role of evolving beliefs regarding the structure of the macroeconomy in improving our understanding of the term structure of interest rates within the context of a simple macro-finance model. Using quarterly vintages of real-time data and survey forecasts for the United States...
Persistent link: https://www.econbiz.de/10008498967
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Robust Monetary Policy Rules with Unknown Natural Rates
Orphanides, Athanasios; Williams, John C. - In: Brookings Papers on Economic Activity 33 (2002) 2, pp. 63-146
Persistent link: https://www.econbiz.de/10005053903
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Inflation scares and forecast-based monetary policy
Orphanides, Athanasios; Williams, John C. - Federal Reserve Bank of Atlanta - 2003
tied down by the assumption of rational expectations and should be of little independent interest to policy makers. In this … expectations in the economy and in the conduct of monetary policy. Agents are assumed to have imperfect knowledge of the precise … authors also explore the role of private inflation expectations for the conduct of efficient monetary policy. Under rational …
Persistent link: https://www.econbiz.de/10005721745