Showing 1 - 10 of 12
This paper studies the transmission of monetary policy to macroeconomic variables in three new EU Member States in comparison with that in the euro area with structural time-varying coefficient vector autoregressions. In line with the Lucas Critique reduced-form models like standard VARs are not...
Persistent link: https://www.econbiz.de/10003873059
Persistent link: https://www.econbiz.de/10003374939
This paper studies a particular aspect of the choice of exchange rate regime by EU candidate countries in the run-up to membership of European Economic and Monetary Union (EMU). The fact that these countries have adopted various exchange rate systems reflects a divergence of opinion on the...
Persistent link: https://www.econbiz.de/10011419367
This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high inflation. Since the oil price shocks, inflation...
Persistent link: https://www.econbiz.de/10009768497
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Persistent link: https://www.econbiz.de/10010412516
Persistent link: https://www.econbiz.de/10003830452
This paper studies a particular aspect of the choice of exchange rate regime by EU candidate countries in the run-up to membership of European Economic and Monetary Union (EMU). The fact that these countries have adopted various exchange rate systems reflects a divergence of opinion on the...
Persistent link: https://www.econbiz.de/10001596922
Persistent link: https://www.econbiz.de/10001549311
Persistent link: https://www.econbiz.de/10009535639