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Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...
Persistent link: https://www.econbiz.de/10009635970
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Exchange rates and fundamentals
Engel, Charles; West, Kenneth David - 2003
Standard economic models hold that exchange rates are influenced by fundamental variables such as relative money supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help predict changes in floating exchange rates u0097 that...
Persistent link: https://www.econbiz.de/10009635953
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Bond market inflation expectations and longer-term trends in broad monetary growth and inflation in industrial countries, 1880 - 2001
Dewald, William G. - 2003
Research, Federal Reserve Bank of St. Louis. Annual data for thirteen countries revealed three long up trends and down trends … in inflation that were matched by growth rates in M2 and nominal GDP but not real GDP in each country and cross … which should not be ignored in central bank decision making. …
Persistent link: https://www.econbiz.de/10009635923
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Why has broad money demand been more stable in the euro area than in other economies?
Calza, Alessandro; Sousa, João - 2003
Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...
Persistent link: https://www.econbiz.de/10009635916
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Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
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 transmission of monetary policy impulses and their impact on...
Persistent link: https://www.econbiz.de/10009635882
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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
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Poland's policy mix: fiscal or monetary leadership?
Darnaut, Nathalie; Kutos, Paul - 2005
Persistent link: https://www.econbiz.de/10009686312
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Public investment, transport infrastructure and growth in Poland
Rutkowski, Aleksander - 2009
This Country Focus discusses the relation between public investment and economic growth in Poland. Theoretical and empirical work has shown that improvements in the quantity and quality of public infrastructure have a positive impact on growth in the medium and, possibly, in the long run. The...
Persistent link: https://www.econbiz.de/10009641072
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Upswing in Germany: how long will it last?
Jansen, Heinz; Stierle, Michael H. - 2007
Following several years of low growth Germany is presently enjoying a relatively strong recovery. With unemployment falling at record speed and fiscal consolidation progressing, the upswing is set to continue in spite of uncertainties surrounding the VAT increase of January 2007. This Country...
Persistent link: https://www.econbiz.de/10009641144
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Liberalisation and development of the Czech financial sector: more to come
Kay, Neil - 2007
-owned mono-bank into a privatised bank-based financial system with developing capital and private equity markets. This country …
Persistent link: https://www.econbiz.de/10009641248