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Is there a tragedy of a common central bank? : a dynamic analysis
Aarle, Bas van - In: Journal of economic dynamics & control 21 (1997) 2, pp. 417-447
Persistent link: https://www.econbiz.de/10001215809
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A quantitative easing experiment
Penalver, Adrian; Hanaki, Nobuyuki; Akiyama, Eizo; … - 2020
) operation. In our experiment, the bonds are perfect substitutes for cash and have a constant fundamental value which is not …
Persistent link: https://www.econbiz.de/10012253900
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Monetary Policy, Inflation Illusion and the Taylor Principle – An Experimental Study
Luhan, Wolfgang J. - 2013
We develop a simple experimental setting to evaluate the role of the Taylor principle, which holds that the nominal interest rate has to respond more than one-for-one to fluctuations in the inflation rate. In our setting, the average inflation rate fluctuates around the inflation target if the...
Persistent link: https://www.econbiz.de/10013086472
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The Euro crisis : three essays
Steinkamp, Sven - 2014
. First, from the national perspective, central banks may be confronted with a classical tragedy-of-the-commons problem, which …
Persistent link: https://www.econbiz.de/10010532755
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The tragedy of the commons and inflation bias in the euro area
Dinger, Valeriya; Steinkamp, Sven; Westermann, Frank - 2012 - Last Revision: November 29, 2012, First Draft: October 31, 2012
. After 2007, it closely follows unemployment in the respective countries. -- tragedy of the commons ; inflation bias ; credit …
Persistent link: https://www.econbiz.de/10009668350
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The tragedy of the commons and inflation bias in the euro area
Dinger, Valeriya; Steinkamp, Sven; Westermann, Frank - 2012 - Last Revision: December 10, 2012, First Draft: October 31, 2012
correlated with unemployment, but not with inflation in the respective countries. -- tragedy of the commons ; inflation bias …
Persistent link: https://www.econbiz.de/10009687191
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The tragedy of the commons and inflation bias in the Euro area
Dinger, Valeriya; Steinkamp, Sven; Westermann, Frank - In: Open economies review 25 (2014) 1, pp. 71-91
Persistent link: https://www.econbiz.de/10010371877
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The Tragedy of the Commons and Inflation Bias in the Euro Area
Dinger, Valeriya - 2013
Central bank credit has expanded dramatically in some of the euro area member countries since the beginning of the financial crisis. This paper makes two contributions to understand this stylized fact. First, we discuss a simple model of monetary policy that includes (i) a credit channel and...
Persistent link: https://www.econbiz.de/10013089167
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Kooperationsmöglichkeiten zwischen Trägern der Makropolitik in der EWWU : eine theoretische und empirische Analyse unter Berücksichtigung spieltheoretischer Elemente
Holz, Michael - 2004
Ziel dieser Arbeit ist es, Möglichkeiten einer wohlfahrtssteigernden Kooperation zwischen Trägern der makroökonomischen … Aspekten vorgenommen. Zudem werden Ergebnisse eigener Zeitreihenuntersuchungen zu Vorbedingungen möglicher Kooperation … institutionalisierten Makrodialogs skizziert. Es werden Stabilitätsbedingungen einer dauerhaften Kooperation aufgezeigt, Möglichkeiten ihrer …
Persistent link: https://www.econbiz.de/10011402107