Die Dissertation untersucht drei verschiedene geld- bzw. fiskalpolitische Fragestellungen im Rahmen von geschätzten dynamischen stochastischen allgemeinen Gleichgewichtsmodellen (DSGE-Modellen). Zum einen wird mittels eines Markov-Regimewechsel-Modells analysiert, inwiefern sich die Geldpolitik...

This paper analyzes changes in the monetary policy in the Czech Republic, Hungary, and Poland following the policy shift from exchange rate targeting to inflation targeting around the turn of the millennium. Applying a Markovswitching dynamic stochastic general equilibrium model, switches in the...

Russian monetary policy has been challenged by large and continuous private capital outflows and a sharp drop in oil prices during 2014, with both ongoings having put a significant depreciation pressure on the ruble and having led the central bank to eventually give up its exchange rate...

This paper analyses in a simple global games framework welfare effects of different communication strategies of a central bank: it can either publish no more than its overall assessment of the economy or be more transparent, giving detailed reasons for this assessment. The latter strategy is...