Showing 1 - 10 of 10,588
In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient...
Persistent link: https://www.econbiz.de/10011538633
This paper takes stock of the ECB's macroeconometric modelling strategy by focusing on the models and applications used in the Forecasting and Policy Modelling Division. We focus on the guiding principles underpinning the current portfolio of the main macroeconomic models and illustrate how they...
Persistent link: https://www.econbiz.de/10014507371
This paper presents the updated macroprudential stress test for the euro area banking system, comprising around 100 of the largest euro area credit institutions across 19 countries. The approach involves modelling banks' reactions to changing economic conditions. It also examines the effects of...
Persistent link: https://www.econbiz.de/10014530281
Financial stability risks have become topical in the wake of the global financial crisis and the subsequent extended period of very low interest rates. This paper investigates the significance of the mix of monetary and fiscal policies for financial stability through counterfactual simulations...
Persistent link: https://www.econbiz.de/10011483812
The dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framework of a small system of linear di.erence equations.We evaluate the empirical results of existing studies which uses ‘Euroland’ and US data. The debate has been centered around the...
Persistent link: https://www.econbiz.de/10010284235
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking process in the committee. The paper shows that the Federal...
Persistent link: https://www.econbiz.de/10003014292
instruments to these indicators through ex-ante evaluation studies, and analyzing the effects of these policies through ex …-post evaluation studies. We argue that the infrastructure for this policy process can be further improved by providing data for policy … evaluation, establishing or strengthening legal mandates for policy evaluation, establishing mechanisms for international …
Persistent link: https://www.econbiz.de/10013248985
Suburban zone is an extremely conflicted area exposed to very dynamic changes. Popularity of the suburbs increases every year. The rapid increase of population density and net migration from cities to rural areas changes the spatial, aesthetic and social character of these areas. Hence, it is a...
Persistent link: https://www.econbiz.de/10011857746
A growing body of programme evaluation literature recognises immigrants as a disadvantaged group on European labour …
Persistent link: https://www.econbiz.de/10009784011
Persistent link: https://www.econbiz.de/10010245614