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Aggregate demand, sunk costs and discontinuous adjustments in an amended new consensus model
Bassi, Federico - In: Review of political economy 28 (2016) 3, pp. 313-335
Persistent link: https://www.econbiz.de/10011526324
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Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment : Evidence for the Euro Area
Belke, Ansgar Hubertus - 2019
impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …
Persistent link: https://www.econbiz.de/10012863789
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Secular stagnation, unemployment hysteresis and monetary policy in EMU : scratches but not scars?
Belke, Ansgar - In: The Economists' voice 15 (2018) 1, pp. 1-14
Persistent link: https://www.econbiz.de/10011964904
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The impact of the European Monetary Union on inflation persistence in the Euro area
Meller, Barbara; Nautz, Dieter - 2009
, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …
Persistent link: https://www.econbiz.de/10003871762
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The impact of the European Monetary Union on inflation persistence in the euro area
Meller, Barbara; Nautz, Dieter - 2009
, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …
Persistent link: https://www.econbiz.de/10003875991
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Essays on international price rigidities and exchange rates
Aksoy, Yunus - 2000
Persistent link: https://www.econbiz.de/10001622647
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Path-Dependent Deadlock : Institutional Causes of the Euro Crisis
Dahan, Samuel - 2015
We argue that the characterization of the financial turmoil in the European Monetary Union as merely a sovereign debt crisis is inaccurate insofar as the deterioration of public finances represents the culmination of a process: legal and institutional flaws laid the ground for a public debt...
Persistent link: https://www.econbiz.de/10013015725
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Hysteresis and Emu
Cross, Rod - 2001
We consider how differences between the way firms react to a common monetary policy affect the performance of a monetary union. A model is presented in which heterogeneous firms respond discontinuously to monetary shocks. The implication is that the level of economic activity has a selective...
Persistent link: https://www.econbiz.de/10014143358
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Is a monetary union feasible for latin america? : evidence from real effective exchange rates and interests rate pass-through levels
McKnight, Stephen; Robles Sánchez, Marco - In: Estudios económicos 29 (2014) 2, pp. 225-262
Persistent link: https://www.econbiz.de/10011521949
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Investigating the inflation-output nexus for the euro area : old questions and new results
Reimers, Hans-Eggert; Gerdesmeier, Dieter; Roffia, Barbara - In: Economies : open access journal 11 (2023) 11, pp. 1-15
The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics. At the same time, it is certainly not an exaggeration to claim that this nexus also stands at the heart of monetary policy, given the fact that low inflation in combination with...
Persistent link: https://www.econbiz.de/10014458568