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Geldpolitik und Vermögensmärkte
Dreger, Christian; Wolters, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 56-65
. Andererseits wäre im Fall steigender Vermögenspreise eine restriktivere Geldpolitik erforderlich, die die Dynamik von Produktion … die USA, den Euroraum, Japan und Großbritannien spezifiziert. Während die Geldpolitik keinen Einfluss auf die Entwicklung … eine restriktivere Geldpolitik bei nicht fundamental begründeten Preissteigerungen tatsächlich dämpfend auf die Entwicklung …
Persistent link: https://www.econbiz.de/10010377866
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Monetary policy, inflation and economic growth in Pakistan: Exploring the co-integration and causality relationships
Chaudhry, Imran Sharif; Qamber, Yasmeen; Farooq, Fatima - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 2, pp. 332-347
This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the relationships of monetary policy and inflation are...
Persistent link: https://www.econbiz.de/10011938320
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Net worth ratio and financial instability
Watanabe, Toshio - In: Journal of Economic Structures 2 (2013), pp. 1-18
formulate a model of financing. New Keynesian theory emphasizes that a firm's net worth influences investment decisions and …
Persistent link: https://www.econbiz.de/10011551998
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Monetary Policy and Swedish Unemployment Fluctuations
Holmlund, Bertil; Alexius, Annika - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-4, pp. 1-25
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10010295302
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Stock prices and monetary policy: Re-examining the issue in a New Keynesian model with endogenous investment
Grossi, Michele; Tamborini, Roberto - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-14, pp. 1-47
In this paper the authors present a New Keynesian quantitative model with endogenous investment and stock-market sector that may shed further light on two unsettled issues: whether central banks should include some financial indicator in their policy rules, and which indicator may be expected to...
Persistent link: https://www.econbiz.de/10010308738
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DSGE Models and Central Banks
Tovar, Camilo Ernesto - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-16, pp. 1-31
Over the past 15 years there has been remarkable progress in the specification and estimation of dynamic stochastic …
Persistent link: https://www.econbiz.de/10010298635
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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
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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The External Finance Premium and the Financial Accelerator: The Case of Turkey
Cambazoğlu, Birgül; Karaalp, Hacer Simay - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 103-121
The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as 'financial accelerator'), which affects net worth,...
Persistent link: https://www.econbiz.de/10011310246
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Schiffbruch ohne Tiger: Das OMT-Programm der Europäischen Zentralbank
Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - In: ifo Schnelldienst 67 (2014) 04, pp. 15-16
Die Europäische Zentralbank (EZB) begründet ihr »Outright-Monetary-Trans­actions«-Programm (OMT-Programm) offiziell mit Störungen in der geldpolitischen Transmission, die sich darin zeigen, dass die Kreditzinsen für Unternehmen in den Krisenländern der Eurozone trotz der massiven...
Persistent link: https://www.econbiz.de/10011693616
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Makroökonomische Implikationen der Mitgliedschaft Deutschlands in der Europäischen Währungsunion
Clausen, Volker; Hayo, Bernd - In: Vierteljahrshefte zur Wirtschaftsforschung 71 (2002) 3, pp. 339-353
die Übertragung der Geldpolitik auf die EZB Anpassungslasten auf die nationale Fiskal- und Tarifpolitik. Insgesamt sind … Deutschlands im Euroraum findet die deutsche Konjunktur implizit starke Berücksichtigung in der Geldpolitik der EZB. Die Schocks in …
Persistent link: https://www.econbiz.de/10010377582