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A note on temporary supply shocks with aggregate demand inertia
Caballero, Ricardo J.; Simsek, Alp - 2022
aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …
Persistent link: https://www.econbiz.de/10012886884
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A note on temporary supply shocks with aggregate demand inertia
Simsek, Alp; Caballero, Ricardo J. - 2021
Persistent link: https://www.econbiz.de/10013188235
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Can the euro be saved? : an analysis of the future of the currency union
Stiglitz, Joseph E. - In: Rivista di politica economica 103 (2014) 7/9, pp. 7-42
Persistent link: https://www.econbiz.de/10010434176
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The welfare cost of inflation with banking time
Gillman, Max - 2018
The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …
Persistent link: https://www.econbiz.de/10012012509
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The European Central Bank : decision rules and macroeconomic performance
De Grauwe, Paul; Dewachter, Hans; Aksoy, Yunus - 1998
Persistent link: https://www.econbiz.de/10000679198
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Monetary and fiscal policy rules in the European Eeconomic and Monetary Union : a simulation analysis
Haber, Gottfried; Neck, Reinhard; McKibbin, Warwick J. - 2001
Persistent link: https://www.econbiz.de/10001684568
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On the conduct of monetary policy in an asymmetric Euroland
De Grauwe, Paul; Dewachter, Hans; Aksoy, Yunus - In: From EMS to EMU : 1979 to 1999 and beyond, (pp. 208-225). 1999
Persistent link: https://www.econbiz.de/10001499321
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Unconventional monetary policy in the euro area : a tale of three shocks
Fanelli, Luca; Marsi, Antonio - 2021
High-frequency (HF) surprises of relevant asset prices around central bank meetings are extensively employed in the literature to identify the effects of conventional/unconventional monetary policy. This identification strategy assumes that these surprises reflect either a single unconventional...
Persistent link: https://www.econbiz.de/10012621320
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Unconventional monetary policy shocks in the euro area and the sovereign-bank nexus
Hristov, Nikolay; Hülsewig, Oliver; Scharler, Johann - 2020
We explore the effects of the ECB’s unconventional monetary policy on the banks’ sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy...
Persistent link: https://www.econbiz.de/10012194625
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Unconventional monetary policy shocks in the euro area and the sovereign-bank nexus
Hristov, Nikolay; Hülsewig, Oliver; Scharler, Johann - 2020
We explore the effects of the ECB's unconventional monetary policy on the banks' sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy shocks,...
Persistent link: https://www.econbiz.de/10012197879