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We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on … of the conditional exogenous exchange rate volatility on the conditional mean of the endogenous variables in our open … empirically. In the second part, we investigate the effect of non-fundamental exchange rate volatility in a stochastic open …
Persistent link: https://www.econbiz.de/10009636551
This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...
Persistent link: https://www.econbiz.de/10009635885
This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...
Persistent link: https://www.econbiz.de/10009635891
national implementation reports submitted by Turkey, Lebanon, Jordan and Syria. These countries span two CCD regions as Turkey …
Persistent link: https://www.econbiz.de/10011887694
The evaluation has three objectives: Provide an assessment on the attained results, their impact and sustainability, the good practices and pitfalls in Instrument for Pre-accession Assistance I(IPA I), European Neighbourhood Partnership Instrument (ENPI), Development Cooperation Instrument (DCI)...
Persistent link: https://www.econbiz.de/10011887701
Macedonia, Kosovo*, Montenegro, Serbia and Turkey. …
Persistent link: https://www.econbiz.de/10012036344
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The next few months are the last opportunity for Turkey to take steps that could influence the european Commissionu0092 …
Persistent link: https://www.econbiz.de/10009636509