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Persistent link: https://www.econbiz.de/10001687705
This paper analyses the impact of asymmetric preferences with respect to inflation and output by policymakers on … for low inflation. Using data for four G7 economies, the paper shows that, except for Germany, nonlinear and asymmetric … monetary authority develops a greater precautionary demand for output expansions than for low inflation. This may generate a …
Persistent link: https://www.econbiz.de/10001688781
Persistent link: https://www.econbiz.de/10003158375
This paper analyses the impact of asymmetric preferences with respect to inflation and output by policymakers on … for low inflation. Using data for four G7 economies, the paper shows that, except for Germany, nonlinear and asymmetric … monetary authority develops a greater precautionary demand for output expansions than for low inflation. This may generate a …
Persistent link: https://www.econbiz.de/10011410664
This paper analyses the impact of asymmetric preferences with respect to inflation and output by policymakers on … for low inflation. Using data for four G7 economies, the paper shows that, except for Germany, nonlinear and asymmetric … monetary authority develops a greater precautionary demand for output expansions than for low inflation. This may generate a …
Persistent link: https://www.econbiz.de/10013320379
policy did not change in Germany, unlike in France and Spain. Specifically, the impact of inflation on interest rates …
Persistent link: https://www.econbiz.de/10003890348
Persistent link: https://www.econbiz.de/10003908266
Persistent link: https://www.econbiz.de/10008933847
Persistent link: https://www.econbiz.de/10011573776
This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve (Fed) for the period 1999-2006. Two models are specified: a partial Vector Error Correction Model (VECM) and a general VECM. In the partial VECM, we look for a long-run...
Persistent link: https://www.econbiz.de/10010264752