Showing 1 - 10 of 538
Bundesrepublik Deutschland auseinander. Dazu wird der Sektor nach der Systematik der BACH-Datenbank der europäischen Kommission in 10 … einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte …
Persistent link: https://www.econbiz.de/10009433722
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391
This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...
Persistent link: https://www.econbiz.de/10009429030
This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...
Persistent link: https://www.econbiz.de/10009455940
Uma avaliação empírica da existência de racionamento de crédito, segundo Stiglitz e Weiss (1981), requer o estudo do impacto da política monetária sobre o mercado de crédito, em especial sobre a taxa de juros dos empréstimos. Desta forma, o objetivo deste artigo é analisar as...
Persistent link: https://www.econbiz.de/10009446743
Monetary policy's weight in macroeconomic policy has increased over the past years, especially with the liberalization of financial markets and development of new financial instruments. With this new global economy, the gap between countries has become wider, and the less developed are...
Persistent link: https://www.econbiz.de/10009460826
The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation expectations in South Africa, and offers an additional method,...
Persistent link: https://www.econbiz.de/10009480482
, its distribution on the individual level as well as the reasons for inequality in wealth holdings in Germany have not been … consumption. To identify the relation between divorce and wealth in Germany, this study employs wealth data on the individual … sind die Verteilung der Verm?gen auf individueller Ebene sowie die Gr?nde der Verm?gensungleichheit in Deutschland noch …
Persistent link: https://www.econbiz.de/10009481019
Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert … model. Especially, we explore a way to include conditional second moments of asset returns into the estimation. Moreover, we … constrain the estimation by a priori probabilities on the Sharpe ratio and the Frisch elasticity. By doing so, the estimated …
Persistent link: https://www.econbiz.de/10009467149
untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt … Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar … explicitly involves economic theory in the estimation procedure. To identify shocks I employ both sign restrictions derived from …
Persistent link: https://www.econbiz.de/10009467170