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Interest rate reaction functions for the euro area Evidence from panel data analysis

Ruth, Karsten - Deutsche Bundesbank - 2004

interest rate reaction functions based on a panel including actual EMU Member States. We find that exploiting the cross …-section dimen- sion of a multi-country panel and accounting for cross-country heterogeneity in advance of the single monetary policy … panel reaction function which is demonstrated to be a valuable tool for evaluating episodes of monetary policy since 1999. …

Persistent link: https://www.econbiz.de/10005083306

Interest Rate Setting and the Colombian Monetary Transmission Mechanism

Amaya, Carlos Andrés - Banco de la Republica de Colombia

-2004. Using microdata, the Certi¯cate of Deposit(CD) market and the credit market are studied for a balanced panel of 21 and 16 …, this paper deals with them by performing panel unit root tests and panel cointegration tests. The results suggest that the …

Persistent link: https://www.econbiz.de/10005650548

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

Monetary policy before and after the euro: Evidence from Greece

Arghyrou, Michael - Economics Section, Cardiff Business School - 2006

We model Greek monetary policy in the 1990s and use our findings to address two interrelated questions. First, how was monetary policy conducted in the 1990s so that the hitherto highest-inflation EU country managed to join the euro by 2001? Second, how compatible is the current ECB monetary...

Persistent link: https://www.econbiz.de/10005002712

Leaning Against the Parity

Ferreira, Alex Luiz - School of Economics, University of Kent - 2004

The paper presents evidence that the simultaneous relationship between uncovered interest rate parity (UIP) and a monetary policy function can explain the empirical failure of the former. Using the model proposed by McCallum (1994), we carry out tests for a sample of developed and emerging...

Persistent link: https://www.econbiz.de/10005635157

Interest Rate Setting and the Colombian Monetary Transmission Mechanism

Amaya, Carlos Andrés - In: ENSAYOS SOBRE POLÍTICA ECONÓMICA (2006)

-2004. Usingmicrodata, the Certificate of Deposit (CD) market and the creditmarket are studied for a balanced panel of 21 and 16 banks …,respectively. Overcoming some of the empirical dificultiespresented in other studies, this paper performs panel unit roottests and panel …

Persistent link: https://www.econbiz.de/10005603996

Politique monétaire et croissance économique en zone cemac [une évaluation empirique en données de panel]

Ekobena, Fouda; Yannick, Simon - Volkswirtschaftliche Fakultät, … - 2012

temporal specificities phenomena of growth, we use a panel model to estimate the equation of growth of the CEMAC region under …

Persistent link: https://www.econbiz.de/10011258720

Did the Crisis Change it All? Evidence from Monetary and Fiscal Policy

Mitreska, Ana; Kadievska Vojnovic, Maja; Georgievska, Ljupka - Volkswirtschaftliche Fakultät, … - 2010

sample of 61 advanced and emerging and developing countries, using panel techniques. Since the purpose is to assess the …

Persistent link: https://www.econbiz.de/10011111273

Causes and implications of the low level of the risk-free interest rate

Boeckx, J.; Cordemans, N.; Dossche, M. - In: Economic Review (2013) II, pp. 63-88

In most advanced economies, risk-free interest rates – i.e. the rates applicable to assets with minimal credit risk – have fallen to historically low levels over the recent period, in both nominal and real terms. These interest rates are particularly important because they serve as the basis...

Persistent link: https://www.econbiz.de/10011272855

New Paradigms in Monetary Theory and Policy?

Haldane, Andrew G.; Coulibaly, Dramane; Kempf, Hubert; … - SUERF - The European Money and Finance Forum

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...

Persistent link: https://www.econbiz.de/10009651458

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