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The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...
Persistent link: https://www.econbiz.de/10010295104
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10010295805
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10010298356
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10011604681
Persistent link: https://www.econbiz.de/10010261684
Persistent link: https://www.econbiz.de/10010271015
Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic developments. In this paper we use a newly...
Persistent link: https://www.econbiz.de/10010273175
In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the economy is in an upswing or a downswing. These two different regimes are also identified using a Markov-switching model and the Kalman filter. Our results indicate that the...
Persistent link: https://www.econbiz.de/10010274488
rechnen. Für Deutschland vermehren sich in der ersten Jahreshälfte 2024 die Anzeichen für eine konjunkturelle Besserung. Dank …
Persistent link: https://www.econbiz.de/10014583755
Geldpolitik und in Europa der russische Krieg gegen die Ukraine sowie in China die dortige Immobilienkrise. Die Finanzmärkte sind … die Tatsache optimistisch stimmen, dass die restriktive Geldpolitik bisher überraschend wenig gedämpft hat. In Europa … Gewerbes und industriepolitische Maßnahmen in den USA und in China, welche europäische Anbieter benachteiligen. Deutschland …
Persistent link: https://www.econbiz.de/10014583760