Narrow search
Showing 1 - 10 of 12,457
Cover Image
Financial Frictions and Inflation Differentials in a Monetary Union
Hristov, Nikolay - 2010
This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation … the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are … characteristics of financial markets should be seen as a possible alternative explanation for the observable inflation dispersion in …
Persistent link: https://www.econbiz.de/10013136243
Cover Image
Liquidity, Inflation and Asset Prices in a Time-Varying Framework for the Euro Area
Baumeister, Christiane - 2010
inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity … (M1, M3-M1 or credit) and the underlying state of the economy (asset price boom-bust, business cycle, inflation cycle …
Persistent link: https://www.econbiz.de/10013137632
Cover Image
Liquidity, inflation and asset prices in a time-varying framework for the euro area
Baumeister, Christiane; Durinck, Eveline; Peersman, Gert - 2008
inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity … (M1, M3-M1 or credit) and the underlying state of the economy (asset price boom-bust, business cycle, inflation cycle …
Persistent link: https://www.econbiz.de/10011610148
Cover Image
Central bank collateral frameworks
Nyborg, Kjell G. - 2015
by the observation that the money at the core of these systems, central bank money, is injected into the economy on terms …
Persistent link: https://www.econbiz.de/10011296085
Cover Image
Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10012000041
Cover Image
Money, credit, monetary policy and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10011959310
Cover Image
Public debt and state-dependent effects of fiscal policy in the Euro area
Eminidou, Snezana; Geiger, Martin; Zachariadis, Marios - 2021
Persistent link: https://www.econbiz.de/10014336442
Cover Image
Low inflation and monetary policy in the euro area
Conti, Antonio M.; Neri, Stefano; Nobili, Andrea - Task Force on Low Inflation (LIFT) - 2017
Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …
Persistent link: https://www.econbiz.de/10011636807
Cover Image
A Random Walk Down the Economic Policy Street : Effects of Economic Policy Uncertainty on Forecasting Future Real Economic Activity in the Euro Area and the UK
Junttila, Juha-Pekka - 2017
Recently introduced measure for Economic Policy Uncertainty (EPU) seems to have a role to play in forecasting out-of-sample values for the future real economic activity both for the euro area and the UK economies in the monthly data from 1997-2016. Inclusion of EPU measures either for the US, UK...
Persistent link: https://www.econbiz.de/10012962828
Cover Image
Unravelling the secrets of inflation in the euro area : a frequency decomposition approach
Gerdesmeier, Dieter; Roffia, Barbara; Reimers, Hans-Eggert - In: Folia oeconomica Stetinensia : FOS 20 (2020) 1, pp. 133-162
Persistent link: https://www.econbiz.de/10012627802