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TFP and the transmission of shocks : conference paper

Mayer, Eric; Rüth, Sebastian; Scharler, Johann - 2014

We show that TFP reacts counter-cyclically to macroeconomic shocks, which we identify by imposing sign restrictions. Counterfactual simulations, based on a New Keynesian DSGE model, show that firms manage to employ labor more efficiently during downturns, which leads to a muted drop in the...

Persistent link: https://www.econbiz.de/10010489298

8th Dubrovnik Economics Conference Currency Substitution and Monetary Policy in Emerging Market Economies : [held on 27 - 29 June 2002 in Cavtat, Croatia]

Vujić, Boris (contributor); Wachtel, Paul (contributor) - 2003

Persistent link: https://www.econbiz.de/10001811622

Forward guidance in a simple model with a zero lower bound : conference paper

Illing, Gerhard; Siemsen, Thomas - 2014 - First Version: December 2013

In this paper we present a simple framework to model central bank forward guidance in a liquidity trap. We analyze the role of long-run and short-run price stickiness under discretion and commitment in a straightforward and intuitive way. Despite the impact of price rigidity on welfare being...

Persistent link: https://www.econbiz.de/10010483306

Do we need central bank digital currency? : economics, technology and institutions

Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018

Persistent link: https://www.econbiz.de/10011944433

Superstar central bankers : conference paper

Neuenkirch, Matthias; Tillmann, Peter - 2014

significantly more favorable output-inflation trade-off than his peers. …

Persistent link: https://www.econbiz.de/10010487271

Liquidity and market efficiency : alive and well?

Liikanen, Erkki; Jylhä, Petri; Pennacchi, George G.; … - Joint Conference with the Bank of Finland in Helsinki …; … - 2015

On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...

Persistent link: https://www.econbiz.de/10011414459

On the low-frequency relationship between public deficits and inflation : conference paper

Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2013

We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of …

Persistent link: https://www.econbiz.de/10010338389

Monetary target announcements, reputation and hysteresis : paper presented at the EEA Ninth Annual Congress 1994, Maastricht

Grüner, Hans Peter - 1994

Two signaling games of monetary policy are considered: game one examines the effect of hysteresis on the labor market on the results of the repeated monetary policy game. Disciplinary effects of reputation disappear in presence of hysteresis. The second game compares weifare effects of monetary...

Persistent link: https://www.econbiz.de/10009774705

Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty : conference paper

Conrad, Christian; Hartmann, Matthias - 2014 - Preliminary draft

In this study, we examine how the interaction between monetary policy and macroeconomic conditions affects inflation … uncertainty in the long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving unconditional … variance component of inflation in the framework of the semiparametric Spline-GARCH model (Engle and Rangel, 2008). For a cross …

Persistent link: https://www.econbiz.de/10010486628

Currency competition and monetary union

Salin, Pascal (ed.); Hayek, Friedrich A. von (contributor) - 1984

Persistent link: https://www.econbiz.de/10000044131

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