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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
Macedonia, Kosovo*, Montenegro, Serbia and Turkey. …
Persistent link: https://www.econbiz.de/10012036344
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Persistent link: https://www.econbiz.de/10012056101
Persistent link: https://www.econbiz.de/10012056124
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
that Turkey is too big, too poor, has too dangerous borders and is insufficiently u0091Europeanu0092 to join the Union …. Turkey was officially recognised as an EU candidate in December 1999, and in December 2002, the European Council announced … that if Turkey met its political u0091Copenhagenu0092 criteria by the end of 2004 it would open negotiations without delay …
Persistent link: https://www.econbiz.de/10009636514