Narrow search
Showing 1 - 10 of 502
Cover Image
Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
transmission of monetary policy impulses and their impact on the real and nominal sectors of the economy bear a close relationship …
Persistent link: https://www.econbiz.de/10009635882
Cover Image
How does the ECB allot liquidity in its weekly main refinancing operations?
Ejerskov, Steen; Moss, Clara Martin; Stracca, Livio - 2003
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
Cover Image
Inflation persistence and robust monetary policy design
Coenen, Günter - 2003
determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process …
Persistent link: https://www.econbiz.de/10009635885
Cover Image
a difference in the monetary transmission mechanism in the euro area and U.S
Angeloni, Ignazio; Kashyap, Anil K.; Mojon, Benoît; … - 2003
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...
Persistent link: https://www.econbiz.de/10009635907
Cover Image
Macroeconomic modelling of monetary policy
Klaeffling, Matt - 2003
and look at the nature and the effect of monetary policy, discuss the transmission mechanism and the policy rule implied …
Persistent link: https://www.econbiz.de/10009635920
Cover Image
Persistence, the transmission mechanism and robust monetary policy
Angeloni, Ignazio; Coenen, Günter; Smets, Frank - 2003
In this paper we first explore the impact of nominal and real persistence on the transmission process of various shocks …
Persistent link: https://www.econbiz.de/10009635926
Cover Image
Monetary policy transmission in the euro area
Angeloni, Ignazio; Ehrmann, Michael - 2003
We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind … data limitations, we concentrate on three blocks of transmission: the banking, interest-rate and asset-market channels. We … find evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU …
Persistent link: https://www.econbiz.de/10009635961
Cover Image
Monetary policy shocks in the euro area and global liquidity spillovers
Sousa, João; Zaghini, Andrea - 2004
This paper analyses the international transmission of monetary shocks with a special focus on the effects of foreign …
Persistent link: https://www.econbiz.de/10009636532
Cover Image
What are the spill-overs from fiscal shocks in Europe?
Giuliodori, Massimo; Beetsma, Roel - 2004
We use a Vector Auto Regression (VAR) analysis to explore the (spill-over) effects of fiscal policy shocks in Europe. To enhance comparability with the existing literature, we first analyse the effects of these shocks at the national level. Here, we employ identification based on Choleski...
Persistent link: https://www.econbiz.de/10009636548
Cover Image
The credibility of the monetary policy "free lunch"
Yetman, James - 2003
Price level targeting has been proposed as an alternative to inflation targeting that may confer benefits if a central bank sets policy under discretion, even if societyu0092s loss function is specified in terms of inflation (instead of price level) volatility. This paper demonstrates the...
Persistent link: https://www.econbiz.de/10009635890