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Inflation forecasting in the new EU Member States
Arratibel, Olga; Kamps, Christophe; Leiner-Killinger, Nadine - 2009
To the best of our knowledge, our paper is the first systematic study of the predictive power of monetary aggregates for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus non-monetary (economic and fiscal) determinants of...
Persistent link: https://www.econbiz.de/10011605061
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The Gini Trade Index: What can we learn from a new trade indicator?
Cernat, Lucian - 2024
This Policy Brief introduces the Gini Trade Index (GTI) as a new trade synthetic key performance indicator capable of … replicates the well-known features of the traditional Gini Index, a widely used metric for the skewness of several socioeconomic … indicators, in particular income inequality. The Policy Brief calculates the Gini Trade Index for all EU member states and …
Persistent link: https://www.econbiz.de/10014560170
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Monetary policy and potential output uncertainty: a quantitative assessment
Delle Chiaie, Simona - 2009
I estimate a dynamic stochastic general equilibrium model where the policymaker and the private sector have imperfect knowledge about potential output. The estimation of the structural parameters and of the monetary authorities’objectives is key to assess the quantitative relevance of the...
Persistent link: https://www.econbiz.de/10011605176
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Die Bedeutung monetärer Größen für die deutsche Wachstumsschwäche 1995 -2005
Dovern, Jonas; Jannsen, Nils; Scheide, Joachim - 2009
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10010263552
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Disagreement among forecasters in G7 countries
Dovern, Jonas; Fritsche, Ulrich; Slacalek, Jiri - 2009
Using the Consensus Economics dataset with individual expert forecasts from G7 countries we investigate determinants of disagreement (crosssectional dispersion of forecasts) about six key economic indicators. Disagreement about real variables (GDP, consumption, investment and unemployment) has a...
Persistent link: https://www.econbiz.de/10011605128
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Alternative Indicator of Moneary Policy for a Small Open Economy
Cuche, Nicolas A. - 2000
We analyze several identification frameworks based on operating procedures to measure monetary policy in a small open economy. We use a two-stage non-recursive VAR model to identify monetary shocks. We construct then various overall monetary policy indicators based on different residuals...
Persistent link: https://www.econbiz.de/10011430022
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Some variables are more worthy than others: New diffusion index evidence on the monitoring of key economic indicators
Armah, Nii Ayi; Swanson, Norman - 2011
factor proxies selected from amongst 132 macroeconomic and financial time series, using the diffusion index methodology of …
Persistent link: https://www.econbiz.de/10010282848
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The Transmission of Monetary Policy through Conventional and Islamic Banks
Zaheer, Sajjad; Ongena, Steven; van Wijnbergen, Sweder - 2012
.e., conventional versus Islamic, in Pakistan between 2002:II to 2010:I. We find that following a monetary contraction, small banks with …
Persistent link: https://www.econbiz.de/10010326374
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Monetary policy, inflation and economic growth in Pakistan: Exploring the co-integration and causality relationships
Chaudhry, Imran Sharif; Qamber, Yasmeen; Farooq, Fatima - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 2, pp. 332-347
Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the … controlling inflation in Pakistan. The present study fills the gap in the literature by analyzing the nexus of monetary policy …, inflation and growth in Pakistan. The results indicate that credit to private sector, the variable of financial depth, real …
Persistent link: https://www.econbiz.de/10011938320
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Fiscal Foundation of Convergence to European Union in Pre-Accession Transition Countries
Halpern, László; Neményi, Judit - 2002
Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators – deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that...
Persistent link: https://www.econbiz.de/10010295720