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Persistent link: https://www.econbiz.de/10009637880
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: Austria, Croatia, Finland, Greece, Italy and Slovakia, seen from a civil society perspective. It deals with topics such as the …
Persistent link: https://www.econbiz.de/10010520699
: Austria, Croatia, Finland, Greece, Italy and Slovakia, seen from a civil society perspective. It deals with topics such as the …
Persistent link: https://www.econbiz.de/10010520700
such as the shortterm nominal interest rate, annual inflation and output. …
Persistent link: https://www.econbiz.de/10009635906
supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help …
Persistent link: https://www.econbiz.de/10009635953
In this paper we estimate simple Taylor rules paying particular attention to interest rate smoothing. Following English, Nelson, and Sack (2002), we employ a model in first differences to gain some insights into the presence and signifcance of the degree of partial adjustment as opposed to a...
Persistent link: https://www.econbiz.de/10009635982
target inflation rates as low as 2 percent. However, the effects of the constraint are non-linear with respect to the inflation … percent. The variability of output increases significantly and that of inflation also rises somewhat. Also, we show that the … increasingly short of potential with lower inflation targets. …
Persistent link: https://www.econbiz.de/10009635983
This paper estimates the factors underlying the volatility of the euro overnight interest rate and its transmission along the euro area money market yield curve. A new multivariate unobserved components model is proposed allowing for both long-memory and stationary cyclical dynamics. Using...
Persistent link: https://www.econbiz.de/10009635972
This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
Persistent link: https://www.econbiz.de/10009635957