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Monetary Policy Under Uncertainty in an Estimated Model with Labour Market Frictions
Sala, Luca; Söderström, Ulf; Trigari, Antonella - C.E.P.R. Discussion Papers - 2008
We study the design of monetary policy in an estimated model with sticky prices, search and matching frictions, and staggered nominal wage bargaining. We find that the estimated natural rate of unemployment is consistent with the NBER description of the U.S. business cycle, and that the...
Persistent link: https://www.econbiz.de/10005792050
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Kurzarbeit: Sinnvoller Konjunkturpuffer oder verlängertes Arbeitslosengeld?
Eichhorst, Werner; Marx, Paul - Institute for the Study of Labor (IZA) - 2009
Angesichts der gegenwärtigen Rezession hat die Politik in Deutschland die Leistungen der Kurzarbeit ausgeweitet, indem … Arbeitslosenversicherung sinnvolles Instrument, um bei vorübergehendem Arbeitsausfall Entlassungen zu vermeiden. Sie hilft Unternehmen, den … Arbeitslosigkeit sind eine schnellere Vermittlung und der Einsatz von Qualifizierung sinnvoller als die künstliche Aufrechterhaltung …
Persistent link: https://www.econbiz.de/10008615425
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Zum Arbeitsmarkt im Dezember 2001
Gerstenberger, Wolfgang - In: ifo Dresden berichtet 09 (2002) 01, pp. 15-17
befürchtet. Der - gemessen an der westdeutschen Entwicklung - günstige Verlauf der Arbeitslosigkeit in Sachsen ist nicht darauf …
Persistent link: https://www.econbiz.de/10005037220
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Die Bedeutung des Kurzarbeitergeldes im Mittelstand
Münstermann, Leonard; Schneck, Stefan; Wolter, Hans-Jürgen - Institut für Mittelstandsforschung (IfM) Bonn - 2012
Pflichtbeiträge zur gesetzlichen Arbeitslosenversicherung hingegen alle Betriebe gleichermaßen bei. Da das Kurzarbeitergeld als … originäre Leistung der Arbeitslosenversicherung anzusehen ist, kommt es dennoch nicht zu einer Benachteiligung des Mittelstandes …
Persistent link: https://www.econbiz.de/10010981746
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Optimal versus realized bank credit risk and monetary policy
Delis, Manthos D.; Karavias, Yiannis - In: Journal of Financial Stability 16 (2015) C, pp. 13-30
Standard banking theory suggests that there exists an optimal level of credit risk that yields maximum bank profit. We identify the optimal level of risk-weighted assets that maximizes banks’ returns in the full sample of US banks over the period 1996–2011. We find that this optimal level is...
Persistent link: https://www.econbiz.de/10011208758
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Le système financier indien à l'épreuve de la crise
Ano Sujithan, Kuhanathan - Université Paris-Dauphine (Paris IX) - 2014
This thesis first presents India’s economy and financial system’s recent history and current issues. Then, with an emphasis on the recent turmoil period, it studies the question of financial integration in various markets: equity markets are dealt with in the 1st chapter, CDS spreads are...
Persistent link: https://www.econbiz.de/10011212049
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Unveiling the monetary policy rule in euro area
Kazanas, Thanassis; Tzavalis, Elias - Bank of Greece - 2011
This paper provides evidence that, since the sign of Maastricht Treaty, euro-area monetary authorities mainly follow a strong anti-inflationary policy. This policy can be described by a threshold monetary policy rule model which allows for distinct inflation policy regimes: a low and high. The...
Persistent link: https://www.econbiz.de/10009145908
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The real consequences of financial stress
Mittnik, Stefan; Semmler, Willi - In: Journal of Economic Dynamics and Control 37 (2013) 8, pp. 1479-1499
We introduce a dynamic banking-macro model, which abstains from conventional mean-reversion assumptions and in which—similar to Brunnermeier and Sannikov (2010)—adverse asset-price movements and their impact on risk premia and credit spreads can induce instabilities in the banking sector. To...
Persistent link: https://www.econbiz.de/10011051891
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Optimal versus realized bank credit risk and monetary policy
Delis, Manthos; Karavias, Yiannis - Volkswirtschaftliche Fakultät, … - 2013
Standard banking theory suggests that there exists an optimal level of credit risk that yields maximum bank profit. We identify the optimal level of risk-weighted assets that maximizes banks’ returns in the full sample of US banks over the period 1996–2011. We find that this optimal level is...
Persistent link: https://www.econbiz.de/10011258560
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VAR ANALYSIS OF THE TRANSMISSION MECHANISM OF MONETARY POLICY IN ROMANIA
CIORAN, Zina - In: SEA - Practical Application of Science (2015) 7, pp. 153-164
The purpose of this article is to evaluate the efficiency of the monetary policy impulses transmission on inflation and unemployment in Romania, through the interest rate channel and to show the role played by interest rate in the transmission mechanism of monetary policy impulses. I have also...
Persistent link: https://www.econbiz.de/10011268752