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The effect of information on consumer inflation expectations
Minima, Daria; Galati, Gabriele; Moessner, Richhild; … - 2024
Persistent link: https://www.econbiz.de/10014521266
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Trading on sunspots
Jovanovic, Boyan; Tsyrennikov, Viktor - In: American economic review 112 (2022) 12, pp. 3970-3994
Persistent link: https://www.econbiz.de/10014229440
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Information acquisition by price-setters and monetary policy
Hahn, Volker - 2007 - This version: September 2007
In this paper we examine a model where firms decide on the intensity of information acquisition about shocks. We analyze how the monetary policy framework impacts on the aggregate amount of information collected by firms. We show that it is socially beneficial to delegate monetary policy to a...
Persistent link: https://www.econbiz.de/10003761371
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Interest rates, exchange rates and world monetary policy
Floyd, John E. - 2010
Persistent link: https://www.econbiz.de/10003888281
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Policy coordination under model disagreement and asymmetric shocks
Hefeker, Carsten - In: Economic modelling 114 (2022), pp. 1-9
Persistent link: https://www.econbiz.de/10013367562
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Is fiscal policy coordination in EMU desirable?
Beetsma, Roel - 2001
It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level …. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple … model to investigate the cincumstances under which coordination may be desirable. It turns out that coordination is …
Persistent link: https://www.econbiz.de/10013361016
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Interest Rates, Exchange Rates and World Monetary Policy
Floyd, John E. - 2010
A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
Persistent link: https://www.econbiz.de/10013521314
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Central Bank Communication and Forward Guidance Shocks
Ostapenko, Nataliia - 2021
Does it matter what the central bank had said during a monetary policy announcement? The paper proposes a new approach to identifying the effects of forward guidance taking into account what the central bank had said and how financial markets perceived it. I use computational linguistic methods...
Persistent link: https://www.econbiz.de/10013233323
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Central Bank Communication : Information and Policy Shocks
Ostapenko, Nataliia - 2020
The study proposes a novel way to identify the effects of monetary policy shocks taking into account time-varying signals of the central bank. I augment the standard monetary policy Bayesian Vector Autoregression (BVAR) with additional information variables from Fed statements, which allows us...
Persistent link: https://www.econbiz.de/10014097238
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Uniform and nonuniform staggering of wage contracts
Danziger, Leif - 2010
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10003982016