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Testing the shape of EMU term structure of interest rates
Ruiz-Dotras, Elisabet; Bolance-Losilla, Catalina; … - In: International Journal of Financial Markets and Derivatives 1 (2010) 4, pp. 422-437
The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...
Persistent link: https://www.econbiz.de/10008755247
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Monetary target announcements, reputation and hysteresis
Grüner, Hans Peter - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 1994
Two signaling games of monetary policy are considered: game one examines the effect of hysteresis on the labor market … hysteresis. The second game compares weifare effects of monetary target announcements to those of a rigid rule under alternative …
Persistent link: https://www.econbiz.de/10010986312
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Unemployment in Latin America and the Caribbean
Ball, Laurence; Roux, Nicolás; Hofstetter, Marc - In: Open Economies Review 24 (2013) 3, pp. 397-424
supports hysteresis theories in which short-run changes in unemployment influence the natural rate. Copyright Springer Science …
Persistent link: https://www.econbiz.de/10010988465
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Monetary Policy and Hysteresis in Potential Output
Kienzler, Daniel; Schmid, Kai Daniel - Institut für Makroökonomie und Konjunkturforschung … - 2013
potential output is subject to hysteresis. We augment a basic NewKeynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10010858921
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Monetary policy and hysteresis in potential output
Kienzler, Daniel; Schmid, Kai Daniel - Wirtschaftswissenschaftlichen Fakultät, … - 2013
potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10010955005
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A dynamic monetary model with costly foreign currency
Bianconi, Marcelo - In: The Journal of International Trade & Economic Development 8 (1999) 4, pp. 321-342
finding is that short and long run trade-offs and transitional dynamics together with the implied hysteresis property of the …
Persistent link: https://www.econbiz.de/10009219499
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Unemployment in Latin America and the Caribbean
Ball, Laurence; Roux, Nicolás De; Hofstetter, Marc - UNIVERSIDAD DE LOS ANDES-CEDE - 2011
supports hysteresis theories in which short-run changes in unemployment influence the natural rate. …
Persistent link: https://www.econbiz.de/10009275596
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Optimal Monetary Policy under Hysteresis
Kapadia, Sujit - Department of Economics, Oxford University - 2005
This paper analyses a new-Keynesian model incorporating hysteresis in output. Specifically, we assume that the natural …
Persistent link: https://www.econbiz.de/10005051088
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The Impact of Monetary Policy on Unemployment Hysteresis
Stockhammer, Engelbert; Sturn, Simon - Institut für Makroökonomie und Konjunkturforschung … - 2008
This paper investigates the hypothesis that the extent to which hysteresis occurs in the aftermath of recessions … depends on monetary policy reactions. The degree of hysteresis is explained econometrically by the extent of monetary easing …
Persistent link: https://www.econbiz.de/10005582251
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Hysteresis in Potential Output and Monetary Policy
Kienzler, Daniel; Schmid, Kai D. - School of Finance, Universität St. Gallen - 2013
potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10011154590