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In diesem Beitrag wird aufgezeigt, dass sich die Geldpolitik der Deutschen Bundesbank im Zeitraum 1991 bis 1998 gut mit …
Persistent link: https://www.econbiz.de/10005818912
Die grundsätzlich neuen institutionellen und politischen Rahmenbedingungen, die durch die Errichtung des europäischen Systems der Zentralbanken (ESZB) vorgegeben wurden, verlangen - darin sind sich alle an der Diskussion Beteiligten einig - eine grundlegende Strukturreform der Deutschen...
Persistent link: https://www.econbiz.de/10005014218
Deutschland. Hilft ihnen die europäische Politik wirklich weiter? Die Autoren kommen zu dem Schluss, dass die europäische …, gehen in diesem Beitrag der Frage nach, ob sich Deutschland als Nettozahler gegen die Kommissionspläne stellen sollte. Im … Fokus stehen dabei nicht nur Deutschland als Ganzes, sondern auch die besonders geförderten strukturschwachen Gebiete in …
Persistent link: https://www.econbiz.de/10005013434
Sunley P., Klagge B., Berndt C. and Martin R. (2005) Venture capital programmes in the UK and Germany: in what sense regional policies?, Regional Studies 39 , 255-273. The paper considers how far and in what ways venture capital policies in the UK and Germany have been constructed as regional...
Persistent link: https://www.econbiz.de/10005457677
Persistent link: https://www.econbiz.de/10005361366
In this paper we provide an estimate of the likelihood of conflict between the federal government and the Bundesbank for the 1989 – 1998 period. We rely on a novel proxy for the impact of public communication by Bundesbank officials on the probability of conflict, in addition to interest rate,...
Persistent link: https://www.econbiz.de/10009216837
We estimate monetary policy reaction functions with threshold effects for the Deutsche Bundesbank using a real-time data set. Estimates based on the deviation of inflation from the Bundesbank's inflation target as threshold variable suggest a switch to a stronger output gap response in the...
Persistent link: https://www.econbiz.de/10009220091
The present paper uses the P-Star approach to analyze the real and price effects of German monetary policy on the basis of a multivariate vector-error-correction-model. One surprising result is that the Bundesbank does not cause the price effects of its monetary policy actions directly via...
Persistent link: https://www.econbiz.de/10008633360
Based on survey data, this paper investigates the impact of politically dependent banking supervision on the perception of financial uncertainty. There is empirical evidence that political influence has only marginal influence on the level of financial uncertainty. Introducing the unobservable...
Persistent link: https://www.econbiz.de/10010667378
Several empirical studies have suggested that the Bundesbank has pursued inflation targets rather than monetary targets. We find that, in the period from 1979 III to 1998 IV, changes in adjusted monetary base growth reacted negatively and significantly to deviations from target monetary...
Persistent link: https://www.econbiz.de/10010693085