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Does Monetary Policy Action Have Significant Impact on the Real Economy? A Critical Look at the Aggregate Demand Function for Ghana
Akosah, Nana Kwame - 2020
This paper examines the impact of monetary policy on real economic activities using a modified open-economy New Keynesian aggregate demand function for Ghana over the period 2000Q1-2016Q4. Our analysis shows that all the determinants of aggregate demand have the expected theoretical signs. We...
Persistent link: https://www.econbiz.de/10014092513
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Targeting relative inflation forecast as monetary policy framework for adopting the euro
Orłowski, Lucjan T. (contributor) - 2005
Persistent link: https://www.econbiz.de/10002733826
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The euro and the enlargement : challenges ahead
In: The Euro at ten : lessons and challenges ; Fifth ECB …, (pp. 225-241). 2009
Persistent link: https://www.econbiz.de/10003952977
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The ECB - how much of a success story, really?
Bibow, Jörg - In: European integration in crisis, (pp. 301-329). 2007
Persistent link: https://www.econbiz.de/10003571996
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Monetary Convergence and Risk Premiums in the EU Accession Countries
Orlowski, Lucjan T. - 2005
This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for … managing these two categories of risk. A model of inflation and exchange rate risk premiums within the context of inflation …
Persistent link: https://www.econbiz.de/10014067013
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European Economic and Monetary Union : an initial assessment
Caesar, Rolf (ed.); Becker, Werner (contributor) - 2002 - 1. Aufl.
Persistent link: https://www.econbiz.de/10013432325
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Introducing ECB-BASE : the blueprint of the new ECB semi-structural model for the euro area
Angelini, Elena; Bokan, Nikola; Christoffel, Kai; … - 2019
This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is estimated on euro area data. As a prelude to the country models, this version is meant to enhance the understanding of the main model mechanisms, enlarge the suite of area wide...
Persistent link: https://www.econbiz.de/10012098167
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Comparing Shocks and Frictions in Us and Euro Area Business Cycles : A Bayesian DSGE Approach
Smets, Frank; Wouters, Rafael - 2021
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10013319078
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Comparing Shocks and Frictions in US and Euro Area Business Cycles : A Bayesian DSGE Approach
Smets, Frank - 2010
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10013137108
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Introducing ECB-Base : The Blueprint of the New ECB Semi-Structural Model for the Euro Area
Angelini, Elena; Bokan, Nikola; Christoffel, Kai Philipp; … - 2021
This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is estimated on euro area data. As a prelude to the country models, this version is meant to enhance the understanding of the main model mechanisms, enlarge the suite of area wide...
Persistent link: https://www.econbiz.de/10013315342