Showing 41 - 50 of 3,066
This paper analyzes the dynamic effects of anticipated and unanticipated oil price increases in a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. Common external oil price...
Persistent link: https://www.econbiz.de/10010273582
and inflation. …
Persistent link: https://www.econbiz.de/10010316007
and inflation. …
Persistent link: https://www.econbiz.de/10011509484
and inflation. …
Persistent link: https://www.econbiz.de/10005765866
and inflation and also to reversals in the relative cyclical position across the monetary union. We distinguish between …
Persistent link: https://www.econbiz.de/10010684140
This paper analyzes the dynamic effects of anticipated and unanticipated oil price increases in a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. Common external oil price...
Persistent link: https://www.econbiz.de/10009018055
In contrast to the notion that the exchange-rate regime is non-neutral, there is little evidence that EMU has … EMU on standard business cycles statistics. However, further analysis reveals that the euro has changed the nature of the … shocks relatively less important in accounting for economic fluctuations under EMU. This explains why there is little change …
Persistent link: https://www.econbiz.de/10011084347
after the beginning of the second stage of EMU in the mid-nineties, while the estimates for Spain show a significant break …
Persistent link: https://www.econbiz.de/10008632764
economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …
Persistent link: https://www.econbiz.de/10010315333
This paper studies the behavior of the Colombian Peso exchange rate against the US dollar for the period in which a currency band as prevailing (January 1994 - Sept 1999). A descriptive analysis, which encompasses monetary policy implementation, a description of the market structure and...
Persistent link: https://www.econbiz.de/10005262848