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Firm size and monetary policy transmission : evidence from German business survey data : presented at CEFifo conference "Academic Use of ifo Survey Data", December 2003
Ehrmann, Michael - 2004
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10011449239
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Firm Size and Monetary Policy Transmission : Evidence from German Business Survey Data
Ehrmann, Michael - 2021
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10013320319
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Global Monetary and Financial Spillovers : Evidence from a New Measure of Bundesbank Policy Shocks
Cloyne, James S.; Hürtgen, Patrick; Taylor, Alan M. - 2022
Identifying exogenous variation in monetary policy is crucial for investigating central bank policy transmission. Using newly-collected archival real-time data utilized by the Central Bank Council of the German Bundesbank, we identify unexpected changes in German monetary policy from 580 policy...
Persistent link: https://www.econbiz.de/10014238817
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Monetary and fiscal policy analyses in estimated DSGE models
Drygalla, Andrej - 2016
-Regimewechsel-Modells analysiert, inwiefern sich die Geldpolitik in der Tschechischen Republik, Polen und Ungarn im Zuge des Strategiewechsels zu einer …DSGE-Modelle; Geldpolitik; Fiskalpolitik; Markov-Regimewechsel; Inflationssteuerung; Wechselkurspolitik; Ölpreisschock … shock; stimulus package; Great Recession …
Persistent link: https://www.econbiz.de/10011476883
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Macroeconomic forecasts and the nature of economic shocks in Germany
Döpke, Jörg - 2000
The paper investigates the sources of macroeconomic forecast errors in Germany. The predictions of the so-called "six leading" research institutes are analyzed. The forecast errors are discussed within an aggregate demand/supply scheme. Structural Vector Autoregressive Models are estimated to...
Persistent link: https://www.econbiz.de/10011476550
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A novel housing price misalignment indicator for Germany
Hertrich, Markus - 2019
From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive over-heating of the housing market. To assess the vulnerability of the German housing market to a future realignment of prices or even a...
Persistent link: https://www.econbiz.de/10012098990
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Inflation expectations and the recovery from the Great Depression in Germany
Daniel, Volker; Ter Steege, Lucas - 2018
A regime shift towards increased inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation expectations play at the start of this remarkable economic...
Persistent link: https://www.econbiz.de/10012159651
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Germany's 1948 currency reform and Poland's 1990 shock reform : a comparative analysis after one year
Jermakowicz, Władysław - 1991
Persistent link: https://www.econbiz.de/10000823022
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Exchange rates and prices : evidence from the 2015 Swiss franc appreciation
Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - 2018
Persistent link: https://www.econbiz.de/10011905527
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Exchange rates and prices : evidence from the 2015 Swiss Franc appreciation
Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - 2018
The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...
Persistent link: https://www.econbiz.de/10011900831