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The transmission of German monetary policy in the pre-Euro period
Lütkepohl, Helmut; Wolters, Jürgen - 2001
A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...
Persistent link: https://www.econbiz.de/10011400913
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The Role of Money in Monetary Policymaking
Masuch, Klaus; Nicoletti Altimari, Sergio; Rostagno, Massimo - 2004
In this paper, the conceptual and empirical bases for the role of monetary aggregates in monetary policy making are reviewed. It is argued that money can act as a useful information variable in a world in which a number of indicators are imperfectly observed. In this context, the paper discusses...
Persistent link: https://www.econbiz.de/10014072696
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Quantitative easing and quantitative tightening : the money channel
Kumhof, Michael; Salgado-Moreno, Mauricio - 2024
Persistent link: https://www.econbiz.de/10014580506
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Inflation and unemployment in the long run
Berentsen, Aleksander; Menzio, Guido; Wright, Randall D. - 2009
We study the long-run relation between money, measured by inflation or interest rates, and unemployment. We first discuss data, documenting a strong positive relation between the variables at low frequencies. We then develop a framework where both money and unemployment are modeled using...
Persistent link: https://www.econbiz.de/10003826999
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Transmissionsmechanismen der Geldpolitik
Bofinger, Peter; Clausen, Volker; Domanski, Dietrich - Verein für Socialpolitik / Ausschuss für Geldtheorie … - 1999
inländischen Geldmenge orientierten Geldpolitik der Schweizerischen Nationalbank beeinflußt werden. -- Der Aufsatz von P. Bofinger …Die Autoren der Beiträge des Bandes befassen sich mit dem Transmissionsmechanismus in der Geldpolitik. Im Zentrum steht … von V. Clausen die Eigenschaften diskutiert, die eine Geldnachfrage in einem Regime der Geldmengensteuerung aufweisen …
Persistent link: https://www.econbiz.de/10013542959
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Transmissionsmechanismen der Geldpolitik
Bofinger, Peter; Clausen, Volker; Domanski, Dietrich - Verein für Socialpolitik / Ausschuss für Geldtheorie … - 1999
Persistent link: https://www.econbiz.de/10012222298
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A macro-model to monetary transmission analysis in Tunisia
Makni, Aymen - 2019
In this paper, we develop a gap model based on a reduced form of the New Keynesian Model. The model offers various scenario structure tools which analyze the dynamics of key macro economic variables under diverse shocks and depicts their properties and historical decompositions. This framework...
Persistent link: https://www.econbiz.de/10012025818
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Modelling Less Developed Emerging Markets : The Case of Monetary Transmission in Tunisia
Przystupa, Jan - 2016
Our paper is a case study devoted to a country which belongs to a group of less developed EMEs (LDEMEs), not depending on natural resources. In spite of many features which distinguish such countries from developed market economies, they are frequently modelled basing on assumptions which are...
Persistent link: https://www.econbiz.de/10013003296
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The monetary transmission mechanism
Ireland, Peter N. (contributor) - 2006 - This version: November 2005
The monetary transmission mechanism describes how policy-induced changes in the nominal money stock or the short-term nominal interest rate impact real variables such as aggregate output and employment. Specific channels of monetary transmission operate through the effects that monetary policy...
Persistent link: https://www.econbiz.de/10003286725