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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 … end up generating a systematic inflation bias through the private sector expectations of a larger policy response in … recessions than in booms. Reduced-form estimates of US monetary policy rules indicate that while the inflation target declines …
Persistent link: https://www.econbiz.de/10009635891
Persistent link: https://www.econbiz.de/10009638425
This brochure in the EU action on climate change series provides an overview of the many ways in which the EU is assisting developing countries in adapting to the negative effects of climate change and mitigating its causes, with a special focus on cooperation with developing countries in Asia.
Persistent link: https://www.econbiz.de/10009638876
The negative external effects of profit orientated businesses on the environment and society are most visible and destructive in developing countries, where compensation measures for adversely affected groups rarely exist and where high corruption rates often impede meaningful enforcement of...
Persistent link: https://www.econbiz.de/10010254608
The study investigates the contribution of selected important agricultural production systems and technologies (incl. rainwater harvesting, conservation agriculture, rice intensification system, organic farming, agroforestry systems and transgenic plants) to higher food production and food...
Persistent link: https://www.econbiz.de/10010487945
Biofuels have gone from being hailed as a greenalternative to fossil fuels to being accusedof increasing global warming, causing loss offorests and other valuable habitats, and ofincreasing poverty in the developing world. This brief examines some of the key issues surrounding biofuels and...
Persistent link: https://www.econbiz.de/10010487950
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …
Persistent link: https://www.econbiz.de/10009635882
Persistent link: https://www.econbiz.de/10009637069