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The external finance premium in the euro area A useful indicator for monetary policy?
Gelain, Paolo - 2010
ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …
Persistent link: https://www.econbiz.de/10011605217
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Europe, where to?
Ioan-Franc, Valeriu; Pop, Napoleon; Diamescu, Andrei Marius - In: Amfiteatru economic : an economic and business research … 25 (2023) 63, pp. 610-624
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
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The external finance premium in the euro area : a useful indicator for monetary policy?
Gelain, Paolo - 2010
ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in … ; Euro Area External Finance Premium ; Financial Accelerator ; Bayesian Estimation ; Inflation …
Persistent link: https://www.econbiz.de/10003972629
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The External Finance Premium in the Euro Area : A Useful Indicator for Monetary Policy?
Gelain, Paolo - 2010
ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …
Persistent link: https://www.econbiz.de/10013145340
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Euro Area Inflation Persistence
Batini, Nicoletta - 2021
This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … regime thereafter. Results based on alternative definitions of inflation persistence support these findings, although, they … suggest that a drop in German inflation persistence and a shift in the mean of inflation - particularly in Italy and France …
Persistent link: https://www.econbiz.de/10013320116
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Agency costs and investment behavior
Dorofeenko, Viktor; Lee, Gabriel S.; Salyer, Kevin D. - 2005
How do differences in the creit channel affect investment behavior in the U.S. and the Euro area? To analyze this question, we calibrate an agency cost model of business cycles. We focus on two key components of the lending channel, the default premium associated with bank loans and bankruptcy...
Persistent link: https://www.econbiz.de/10010293733
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An estimated DSGE model for the German economy within the euro area
Pytlarczyk, Ernest - 2005
This paper presents an estimated DSGE model for the European Monetary Union. Our approach, contrary to the previous studies, accounts for heterogeneity within the euro area. We advance the empirical literature by estimating an open-economy model with unfiltered data, which is a much more...
Persistent link: https://www.econbiz.de/10010295778
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Gradualism, transparency and improved operational framework: A look at the overnight volatility transmission
Colarossi, Silvio; Zaghini, Andrea - 2007
This paper proposes a possible way of assessing the effect of interest rate dynamics on changes in the decision-making approach, communication strategy and operational framework of a Central bank. Through a GARCH specification we show that the USA and Euro area displayed a limited but...
Persistent link: https://www.econbiz.de/10010298365
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The European Phillips curve: Does the NAIRU exist?
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003
model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …
Persistent link: https://www.econbiz.de/10010332742
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Monetary policy predictability in the euro area: an international comparison
Wilhelmsen, Bjørn-Roger; Zaghini, Andrea - 2005
The paper evaluates the ability of market participants to anticipate monetary policy decisions in the euro area and in 13 other countries. First, by looking at the magnitude and the volatility of the changes in the money market rates we show that the days of policy meetings are special days for...
Persistent link: https://www.econbiz.de/10011604550