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United Kingdom Euro Scenarios Assessed
Ryan, John - 2009
Eurozone? Especially in view of the European Central Bank's improved reputation as a crisis manager in the wake of the …, No UK entry and I will discuss the Eurozone view on UK membership …
Persistent link: https://www.econbiz.de/10014208308
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Empirical Modeling of Money Demand
Ericsson, Neil R. - 1998
This paper examines several central issues in the empirical modeling of money demand. These issues include economic theory, data measurement, parameter constancy, the opportunity cost of holding money, cointegration, model specification, exogeneity, and inferences for policy. Review of these...
Persistent link: https://www.econbiz.de/10014215624
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On the Markov Switching Welfare Cost of Inflation
Dai, Wei - 2019
compute the welfare cost of inflation in the United States. In doing so, it circumvents the problem of data-mining of some …
Persistent link: https://www.econbiz.de/10012863072
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What Has Driven Inflation Dynamics in the Euro Area, the United Kingdom and the United States
Melolinna, Marko - 2015
This paper studies factors behind inflation dynamics in the euro area, the UK and the US. It introduces a factor … inflation in the three economies. The FAVAR model framework is also applied to study the effects on inflation subcomponents in … the more recent past. The FAVAR models suggest that headline inflation in the three economies has reacted in a relatively …
Persistent link: https://www.econbiz.de/10013020653
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The Impact of Demand and Supply Shocks on Inflation. Evidence For The Us and The Euro Area
Dreger, Christian - 2023
After a long period of price stability, inflation returned to record levels in many parts of the world economy. This … and can explain roughly 75 percent of the inflation experience. Supply side shocks like bottlenecks in global value chains … account for the remaining 25 percent of the variance of inflation forecast errors. In the euro area, the shocks are balanced …
Persistent link: https://www.econbiz.de/10014257604
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Immobilienvermögen und private Konsumausgaben im Euro-Währungsgebiet
In: Monatsbericht / Europäische Zentralbank (2009), pp. 63-78
Persistent link: https://www.econbiz.de/10003798331
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Money demand in the euro area, the US and the UK : assessing the role of nonlinearity
Jawadi, Fredj; Sousa, Ricardo M. - In: Economic modelling 32 (2013), pp. 507-512
Persistent link: https://www.econbiz.de/10009762065
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The impact of uncertainty on money demand in the UK, US and Euro area
Bissoondeeal, Rakesh K.; Binner, Jane M.; Karoglou, Michail - In: The European journal of finance 29 (2023) 16, pp. 1866-1884
Persistent link: https://www.econbiz.de/10014388514
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Futures contract rates as monetary policy forecasts
Ferrero, Giuseppe; Nobili, Andrea - 2008
The prices of futures contracts on short-term interest rates are commonly used by central banks to gauge market expectations concerning monetary policy decisions. Excess returns - the difference between futures rates and the realized rates - are positive, on average, and statistically...
Persistent link: https://www.econbiz.de/10003826011
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Real and nominal UK interest rates, ERM membership and inflation targeting
Reschreiter, Andreas - 2006
inflation targeting policy, the mean of the real and nominal short rate are no longer negatively correlated, but instead have a … nominal short rate and inflation in the period before the departure from the ERM. -- ERM ; inflation targeting ; nominal and …
Persistent link: https://www.econbiz.de/10009732580