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The natural rate of interest in emerging Asia : long-term trends and the impact of crises

Tanaka, Kensuke; Ibrahim, Prasiwi; Brekelmans, Sybrand - 2021

This paper studies the evolution of the natural interest rate in five Southeast Asian countries and considers the effect of economic shocks on the natural interest rate in these countries. The natural interest rate is the interest rate that would prevail in an economy in equilibrium and in the...

Persistent link: https://www.econbiz.de/10012545924

Future of the Economic and Monetary Union

Gortsos, Christos V. - 2022

The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...

Persistent link: https://www.econbiz.de/10014077291

Heterogeneous Labor Market Effects of Monetary Policy

Bergman, Nittai; Matsa, David A.; Weber, Michael - 2021

attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … model shows that expansionary monetary shocks lead to larger and more persistent increases in the employment of low …

Persistent link: https://www.econbiz.de/10013252223

COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2023

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

Persistent link: https://www.econbiz.de/10013541792

COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2022

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

Persistent link: https://www.econbiz.de/10013455597

Quantifying the effects of the CNB's exchange rate commitment : a synthetic control method approach

Opatrny, Matej - 2016

appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic …

Persistent link: https://www.econbiz.de/10011515767

The effects of monetary policy on unemployment dynamics under model uncertainty : evidence from the US and the euro area ( by Carlo Altavilla and Matteo Ciccarelli

Altavilla, Carlo; Ciccarelli, Matteo - 2009

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … policy ; model uncertainty ; Bayesian model averaging ; unemployment gap ; Taylor rule …