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Vector autoregression analysis and the great moderation

Benati, Luca (contributor); Surico, Paolo (contributor) - 2007

. -- Great inflation ; passive policy ; break tests ; vector autoregressions …

Persistent link: https://www.econbiz.de/10003563240

The multi-faceted concept of transparency

Forssbæck, Jens; Oxelheim, Lars - 2014

Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic research. We look for common denominators across different...

Persistent link: https://www.econbiz.de/10010393290

Modern forecasting models in action : improving macroeconomic analyses at central banks

Adolfson, Malin; Andersson, Michael K.; Lindé, Jesper; … - 2006 - Revised version

advantages of structural analysis and use the models for interpreting the recent development of the inflation rate using …

Persistent link: https://www.econbiz.de/10011585648

A VAR model for monetary policy analysis in a small open economy

Jacobson, Tor; Jansson, Per; Vredin, Anders; Warne, Anders - 1999

index of monetary conditions; dynamic forecasts of inflation; and the relation between inflation and the output gap …

Persistent link: https://www.econbiz.de/10011584357

Is the rent too high? : land ownership and monopoly power

Watson, C. Luke; Ziv, Oren - 2021

We investigate the sources, scope, and implications of landowner market power. We show how zoning regulations generate spillovers through increased markups and derive conditions under which restricting landownership concentration reduces rents. Using newbuilding-level data from New York City, we...

Persistent link: https://www.econbiz.de/10012421225

Does money growth granger-cause inflation in the Euro Area? : evidence from output-of-sample forecasts using Bayesian VARs

Berger, Helge (contributor); Österholm, Pär (contributor) - 2008

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …. This cautions against using money-based inflation models anchored in very long samples for policy advice. -- Bayesian VAR …

Persistent link: https://www.econbiz.de/10003726111

Nonlinear pass-through of exchange rate shocks on inflation : a Bayesian smooth transition VAR approach

Rincón Castro, Hernán; Rodríguez-Niño, Norberto - 2016

Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and … short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … have showed that the accumulated PT on inflation of import prices rises from 20% in the first month of the exchange rate …

Persistent link: https://www.econbiz.de/10011554700

Activist stabilization policy and inflation : the Taylor rule in the 1970s

Orphanides, Athanasios - 2002

A number of recent studies have suggested that activist stabilization policy rules responding to inflation and the … output gap can attain simultaneously a low and stable rate of inflation as well as a high degree of economic stability. The …

Persistent link: https://www.econbiz.de/10009767123

Identifying the effects of monetary policy shocks in an open economy

Jacobson, Tor; Jansson, Per; Vredin, Anders; Warne, Anders - 2002

This paper presents estimates of the effects of monetary policy shocks on the Swedish economy. A theoretical model of an open economy is used to identify a structural VAR model. The empirical results from the identified VAR model are compared with two less structural approaches for...

Persistent link: https://www.econbiz.de/10011583125

Monetary policy regimes and inflation persistence in the United Kingdom

Zakipour-Saber, Shayan - 2019

This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for … and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the … other regime responds actively to inflation and places less weight on exchange rate movements. This regime is present for …

Persistent link: https://www.econbiz.de/10012121979

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