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In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less … important for monetary policy. -- Labor Market ; wage rigidity ; bargaining ; Bayesian estimation …
Persistent link: https://www.econbiz.de/10003832582
In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less … important for monetary policy. -- Labor Market ; wage rigidity ; bargaining ; Bayesian estimation …
Persistent link: https://www.econbiz.de/10003827243
In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …
Persistent link: https://www.econbiz.de/10012764518
In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …
Persistent link: https://www.econbiz.de/10012705990
We examine the credit channel of monetary policy from 2000 to 2015 in the Euro Area using daily monetary policy shock …
Persistent link: https://www.econbiz.de/10011963607
I propose a new term structure model for euro area real and nominal interest rates which explicitly incorporates a time …
Persistent link: https://www.econbiz.de/10012222610
This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR …
Persistent link: https://www.econbiz.de/10013310753
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10011506467
shocks in the Euro area is influenced by the level of European uncertainty. Generalized Impulse Response Functions à la Koop …
Persistent link: https://www.econbiz.de/10012954376
excess reserves in the euro area is developed. Simulation results presented not only show that excess reserves may increase …
Persistent link: https://www.econbiz.de/10013319335