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, Einfluss auf die Inflationserwartungen zu nehmen und keine Kursänderung in Richtung restriktiver Geldpolitik. In diesem Sinn …
Persistent link: https://www.econbiz.de/10005055985
Persistent link: https://www.econbiz.de/10005013175
Persistent link: https://www.econbiz.de/10010754444
This paper investigates why the slope of the yield curve predicts future economic activity in Germany and the United … spread in that country. However, the main reason for the stronger leading indicator property in Germany is the positive … at lag four in Germany and almost nothing in the United States. …
Persistent link: https://www.econbiz.de/10005123911
Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …
Persistent link: https://www.econbiz.de/10011242214
, especially following the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions, and in contrast to the USA …
Persistent link: https://www.econbiz.de/10009352472
environments. Consistent with this intuition, empirical tests here highlight that expected stock returns in the USA are driven by …
Persistent link: https://www.econbiz.de/10010669711
This study explores the use of impression management techniques promoting tax policy consistent with starve the beast (STB) policies. We employ thematic content analysis to examine how the 'independent' Federal Reserve Board (FRB) under Alan Greenspan used impression management tactics mimicking...
Persistent link: https://www.econbiz.de/10010691704
This paper investigates the role that imperfect knowledge about the structure of the economy plays in the formation of expectations, macroeconomic dynamics, and the efficient formulation of monetary policy. Economic agents rely on an adaptive learning technology to form expectations and to...
Persistent link: https://www.econbiz.de/10010986502
We use laboratory experiments with human subjects to test the relevance of different inflation targeting regimes. In particular and within the standard New Keynesian model, we evaluate to what extent communication of the inflation target is relevant to the success of inflation targeting. We find...
Persistent link: https://www.econbiz.de/10010858041