Showing 1 - 10 of 13,192
. Der Harmonisierte Verbraucherpreisindex (HVPI) von Eurostat, auf den die EZB ihre Geldpolitik ausrichtet, berücksichtigt … officially measured inflation rates and highlights the weaknesses of the ECB’s envisioned approach. …
Persistent link: https://www.econbiz.de/10013343542
inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …
Persistent link: https://www.econbiz.de/10010426361
Persistent link: https://www.econbiz.de/10001584428
: aggregate supply shocks, aggregate spending shocks, and monetary shocks. Applying a structural VAR to data for the eurozone and …
Persistent link: https://www.econbiz.de/10011473872
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10013028678
In this paper we present supporting evidence of the existence of heterogeneity in inflation dynamics across euro area … significant inertial (backward looking) behavior in inflation in four of them, while inflation in Germany has a dominant forward … looking component. We then present an optimizing agent model for the area emphasizing the heterogeneity in inflation …
Persistent link: https://www.econbiz.de/10013320202
Aim: The paper measures the impact of negative interest rates on listed firms in the original euro zone countries. It also measures the impact of the first COVID-19 year. Design / research methods: The paper uses panel data to measure the influence of the short-term ECB deposit rate and the...
Persistent link: https://www.econbiz.de/10013202353
In this paper, the monetary policy independence of European nations in the years before European Monetary Union (EMU) is investigated using cointegration techniques. Daily data is used to assess pairwise relationships between individual EMU nations and ‘lead' nation Germany, to assess the...
Persistent link: https://www.econbiz.de/10013118510
To accompany the economic upturn in the U.S., the Federal Reserve Bank has been raising its benchmark interest rate incrementally. In an increasingly globalized world in which the American economy plays a key role, an action like this has spillover effects on the international level. Based on a...
Persistent link: https://www.econbiz.de/10011812710
The European Central Bank (ECB) strives to maintain inflation at a 2% target rate, yet the Euro area's diverse …
Persistent link: https://www.econbiz.de/10014631143