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Taylor Rule and Monetary Policy in Tunisia
Sghaier, Imen Mohamed - In: Romanian Economic Journal 15 (2012) 45, pp. 143-166
This paper estimates the forward-looking monetary policy reaction function of the Central Bank of Tunisia (CBT) using quarterly data from 1993:Q2 to 2011:Q4. Policies which the CBT applied are analyzed according to the Taylor rule. The empirical results indicate that the CBT followed the Taylor...
Persistent link: https://www.econbiz.de/10010934734
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The Effect of Monetary Unification on German Bond Markets
Dewachter, Hans; Lyrio, Marco; Maes, Konstantijn - Centrum voor Economische Studiën, Faculteit Economie … - 2001
This paper uses reprojection to develop a benchmark to assess ECB monetary policy since January 1999, the start of EMU … in place during the EMU period is significantly lower than it would have been in case the Bundesbank were still in charge … German monetary policy is then reprojected onto the EMU period (1999:01-2001:08). We find that the German real interest rate …
Persistent link: https://www.econbiz.de/10005824097
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The Effect of Monetary Unification on German Bond Markets
Dewachter, Hans; Lyrio, Marco; Maes, Konstantijn - Centrum voor Economische Studiën, Faculteit Economie … - 2002
This paper uses reprojection to develop a benchmark to assess ECB monetary policy since January 1999, the start of EMU … in place during the EMU period is significantly lower than it would have been in case the Bundesbank were still in charge … German monetary policy is then reprojected onto the EMU period (1999:01-2001:08). We find that the German real interest rate …
Persistent link: https://www.econbiz.de/10005808053
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The Effect of Monetary Unification on German Bond Markets
Dewachter, Hans; Lyrio, Marco; Maes, Konstantijn - Centrum voor Economische Studiën, Faculteit Economie … - 2001
This paper uses reprojection to develop a benchmark to assess ECB monetary policy since January 1999, the start of EMU … in place during the EMU period is significantly lower than it would have been in case the Bundesbank were still in charge … German monetary policy is then reprojected onto the EMU period (1999:01-2001:08). We find that the German real interest rate …
Persistent link: https://www.econbiz.de/10005587989
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A Monetary Union requires a Banking Union
Geeroms, Hans; Karbownik, Pawel - European Economic Studies, College of Europe - 2014
two centuries, the EMU was created in the course of two decades and remains unfinished as the economic pillar is largely …
Persistent link: https://www.econbiz.de/10010884963
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How anchored are inflation expectations in EMU countries?
van der Cruijsen, Carin; Demertzis, Maria - In: Economic Modelling 28 (2011) 1, pp. 281-298
Anchored inflation expectations help stabilize inflation. Previous results indicate that monetary policy has been effective in breaking the link between actual and expected inflation at the euro area level. In this paper we examine whether this is also true at the national level. We define the...
Persistent link: https://www.econbiz.de/10010577069
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Forecasting ECB monetary policy: accuracy is (still) a matter of geography
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2006
and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …
Persistent link: https://www.econbiz.de/10008533521
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An impact of country-specific economic developments on ECB decisions
Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
do not find convincing evidence that country-specific economic developments influence the decisions of the ECB Governing …
Persistent link: https://www.econbiz.de/10005098122
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The Stress of Having a Single Monetary Policy in Europe
Sturm, Jan-Egbert; Wollmershäuser, Timo - CESifo - 2008
Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also … show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or … not there has been a synchronisation of business and inflation cycles among the EMU member countries over the years …
Persistent link: https://www.econbiz.de/10005406450
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The Stress of Having a Single Monetary Policy in Europe
Sturm, Jan-Egbert; Wollmershäuser, Timo - KOF Swiss Economic Institute, Department of Management, … - 2008
Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also … show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or … not there has been a synchronisation of business and inflation cycles among the EMU member countries over the years …
Persistent link: https://www.econbiz.de/10005731525