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The Phillips curve at the ECB
Eser, Fabian; Karadi, Peter; Lane, Philip R.; Moretti, Laura - 2020
We explain the role of the Phillips Curve in the analysis of the economic outlook and the formulation of monetary policy at the ECB. First, revisiting the structural Phillips Curve, we highlight the challenges in recovering structural parameters from reduced-form estimates and relate the...
Persistent link: https://www.econbiz.de/10012212851
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ECB monetary policy actions and the economic conditions of a non-Euro member : the case of Croatia
Berisha, Edmond - In: Global economy journal : GEJ 17 (2017) 2, pp. 1-10
Persistent link: https://www.econbiz.de/10011705295
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The Phillips Curve at the ECB
Eser, Fabian; Karadi, Peter; Lane, Philip R.; Moretti, Laura - 2020
We explain the role of the Phillips Curve at the ECB in the analysis of the economic outlook and the formulation of monetary policy. First, revisiting the structural Phillips Curve, we highlight the challenges in recovering structural parameters from reduced-form estimates and relate the...
Persistent link: https://www.econbiz.de/10012435565
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Beware of pitfalls in the European Central Bank's review of monetary policy strategy
Tamborini, Roberto - In: The Economists' voice 19 (2022) 1, pp. 15-23
Persistent link: https://www.econbiz.de/10013384373
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Central banks' response to inflation, output gap, and exchange rate in Nigeria and South Africah
Vincent, Olusegun - In: Cogent business & management 8 (2021) 1, pp. 1-12
In Africa, a number of countries like South Africa have adopted inflation targeting. In Nigeria, different monetary … policy regimes have been adopted over the years with rather unsatisfactory success. This study examines inflation targeting … 2016. The study unravels evidence of a significant response of inflation and squared inflation to policy interest rates in …
Persistent link: https://www.econbiz.de/10012628924
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The Phillips Curve at the ECB
Eser, Fabian - 2020
inflation and the role of inflation expectations. In relation to the recent weakness of inflation, we discuss the role of firm … supports the view that the absorption of slack and a firm anchoring of inflation expectations remain central to successful … inflation stabilisation …
Persistent link: https://www.econbiz.de/10012834963
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National information and euro area monetary policy : a generalized ordered choice approach
Bräuning, Christina; Fendel, Ralf - In: Empirical economics : a journal of the Institute for … 54 (2018) 2, pp. 501-522
Persistent link: https://www.econbiz.de/10011949272
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Are Extremely Low Interest Rates Really Caused by Insufficient Growth and Inflation Rather than by ECB Policy? An Examination of ECB's Defense Against German Critiques
Dor, Eric - 2016
consequence of low growth and inflation, instead of being caused by the monetary policy of the central bank.- Current levels of …
Persistent link: https://www.econbiz.de/10012991540
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The negative side of inflation targeting : revisiting inflation uncertainty in the EMU
Lawton, Neil; Gallagher, Liam - In: Applied economics 52 (2020) 29, pp. 3186-3203
Persistent link: https://www.econbiz.de/10012258826
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The ECB's New Multi-Country Model for the euro area : NMCM - simulated with rational expectations
Dieppe, Alistair; González Pandiella, Alberto; … - 2011
The model presented here is a New estimated medium-scale Multi-Country Model (NMCM) which covers the five largest euro area countries and is used for forecasting and scenarios analysis at the European Central Bank. The model has a tight theoretical structure which allows for non-unitary...
Persistent link: https://www.econbiz.de/10008935832