Narrow search
Showing 1 - 10 of 2,182
Cover Image
The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area
Altavilla, Carlo - 2013
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10012753184
Cover Image
The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty : Evidence from the US and the Euro Area
Altavilla, Carlo; Ciccarelli, Matteo - 2021
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10013316324
Cover Image
Household inequality and the transmission of QE in euro area countries
Krenz, Johanna; Tsiaras, Stylianos - 2024
We estimate the dynamic effects of a high-frequency identified unionwide quantitative easing (QE) shock on real GDP, inflation and unemployment in all euro area countries. We document that the effects of QE are very heterogenous across countries as regards size, significance and timing,...
Persistent link: https://www.econbiz.de/10014631216
Cover Image
E.U. Fiscal Pressure on Bank Employment During the Euro Crisis
Mihai Yiannaki, Simona - 2012
December 2011 was a critical month for the Euro currency credibility within the Euro Zone. This is because for the latest 5 years of economic and financial crisis ardent economic and political debates are still trying to sort out the sequels of this recession. Within this context, this paper...
Persistent link: https://www.econbiz.de/10013113346
Cover Image
An Area-Wide Real-Time Database for the Euro Area
Giannone, Domenico - 2010
revisions can contribute to the uncertainty surrounding key macroeconomic ratios and the NAIRU …
Persistent link: https://www.econbiz.de/10013149408
Cover Image
Central banks, trade unions and reputation – is there room for an expansionist manoeuvre in the European Union?
Pusch, Toralf; Heise, Arne - 2008
a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the …
Persistent link: https://www.econbiz.de/10008663759
Cover Image
EZB contra Gewerkschaften? : mit Reputationsaufbau zur Vollbeschäftigung in Europa
Pusch, Toralf - 2008
Wenige Jahre nach der Etablierung der EWU zeigt sich ein gespaltenes Bild. Trotz unbestreitbarer Erfolge bei der Sicherung von Preisstabilität scheint die Beschäftigungs-Performance des Euroraums getrübt. Im vorliegenden Beitrag wird die These vertreten, dass dies auch an einer mangelhaften...
Persistent link: https://www.econbiz.de/10008663761
Cover Image
Monetary policy and wage bargaining in the EMU : restrictive ECB policies, high unemployment, nominal wage restraint and rising inflation
Hein, Eckhard - 2002
model the NAIRU is considered to be a short-run limit to employment enforced by independent and conservative central banks …. In the long run, however, the NAIRU will follow actual unemployment and is therefore also dependent on the forces … determining aggregate demand, including monetary policies. But the NAIRU may also be reduced by effectively co-ordinated wage …
Persistent link: https://www.econbiz.de/10010486113
Cover Image
Monetary Policy and Liquidity Constraints : Evidence from the Euro Area
Almgren, Mattias - 2019
We quantify the relationship between the response of output to monetary policy shocks and the share of liquidity constrained households. We do so in the context of the euro area using a Local Projections Instrumental Variables estimation. We construct an instrument for changes in interest rates...
Persistent link: https://www.econbiz.de/10012866296