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Does The Price Puzzle Exist in Colombia? Empirical Evidence and Policy Implications
Solomon, Blen; Ruiz, Isabel - In: REVISTA ECOS DE ECONOMÍA (2006)
Abstract:The price puzzle has been the focus of many studies, however, most of these studies have focused on developed economies and especially on the U.S. Owing to this tendency; we do not know if there is existence of a price puzzle in developing economies. This is an important topic of...
Persistent link: https://www.econbiz.de/10011147575
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The future of monetary policy Summary of the conference held in Rome on 30 September and 1 October 2010.
Clerc, L.; Loisel, O.; Mojon, B.; Ragot, X. - In: Quarterly selection of articles - Bulletin de la Banque …, 20, pp. 85-94
The recent economic and financial crisis does not call for a change in monetary policy strategy, but rather better integration of financial conditions and financial-crisis risks in the implementation of this strategy: this appears to be the main conclusion of a conference organised by the Banque...
Persistent link: https://www.econbiz.de/10009150939
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Comparison of simple sum and Divisia monetary aggregates in GDP forecasting: a support vector machines approach
Gogas, Periklis; Papadimitriou, Theophilos; Takli, Elvira - In: Economics Bulletin 33 (2013) 2, pp. 1101-1115
In this study we compare the forecasting ability of the simple sum and Divisia monetary aggregates with respect to U ….S. gross domestic product. We use two alternative Divisia aggregates, the series produced by the Center for Financial Stability … (CFS Divisia) and the ones produced by the Federal Reserve Bank of St. Louis (MSI Divisia). The empirical analysis is done …
Persistent link: https://www.econbiz.de/10010642987
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Is There a Swiss Price Puzzle?
Kaufmann, Daniel; Lein, Sarah M. - In: Swiss Journal of Economics and Statistics 148 (2012) 1, pp. 57-75
This paper estimates the response of consumer prices to a monetary policy shock in Switzerland. We find that there is no evidence of a price puzzle at the aggregate level. This is because our factor-augmented vector autoregression (FAVAR) avoids misspecification by including more information...
Persistent link: https://www.econbiz.de/10011933277
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Is There a Swiss Price Puzzle?
Kaufmann, Daniel; Lein, Sarah M. - In: Swiss Journal of Economics and Statistics (SJES) 148 (2012) I, pp. 57-75
This paper estimates the response of consumer prices to a monetary policy shock in Switzerland. We find that there is no evidence of a price puzzle at the aggregate level. This is because our factor-augmented vector autoregression (FAVAR) avoids misspecification by including more information...
Persistent link: https://www.econbiz.de/10010631324
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Deutsche Konjunktur im Zeichen billigen Öls und billigen Geldes
Bardt, Hubertus; Brügelmann, Ralph; Cholewa, Jan; … - In: IW-Trends - Vierteljahresschrift zur empirischen … 42 (2015) 2, pp. 3-24
Die deutsche Wirtschaft ist konsumseitig mit Schwung in das Jahr 2015 gestartet. Zahlreiche Faktoren sorgen aktuell für eine sehr gute Konsumstimmung und eine hohe Dynamik beim Privaten Verbrauch: fallende Energiepreise, extrem niedrige Zinsen, die gute Lage auf dem Arbeitsmarkt sowie einmalige...
Persistent link: https://www.econbiz.de/10011633389
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Europe, where to?
Ioan-Franc, Valeriu; Pop, Napoleon; Diamescu, Andrei Marius - In: Amfiteatru Economic 25 (2023) 63, pp. 610-624
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014463458
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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - In: European journal of political economy 21 (2005) 1, pp. 1-32
interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … staggered wage contracts with time discounting), the price adjustments to each successive change in the money supply are never … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational …
Persistent link: https://www.econbiz.de/10010313770
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„Vollgeld-Initiative“ gefährdet Geldwertstabilität
Rathke, Alexander; Sturm, Jan-Egbert; Abberger, Klaus - In: Wirtschaftsdienst 98 (2018) 5, pp. 362-364
On 10 June 2018, Switzerland will hold a referendum on a people's initiative called 'Crisis proof money: Exclusive … right to money creation for the Swiss National Bank!' (i.e. the Sovereign Money Initiative). According to the Initiative …, banks should not have the right to create book money (deposits on sight). New money will be put into circulation via …
Persistent link: https://www.econbiz.de/10012158454
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Analysis of the economic research context after outbreak of the economic crisis of 2007-2009
Opreana, Alin; Vinerean, Simona - In: Expert journal of economics 3 (2015) 1, pp. 77-92
In this paper it, we have conducted a factor analysis which implied determining the international research directions that have characterized the period following the outbreak of the crisis in 2007 and 2008-2011. In this research, we used secondary data that were extracted from 342 articles,...
Persistent link: https://www.econbiz.de/10012062283