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Information and Uncertainty in the Theory of Monetary Policy

Wagner, Helmut - 2007

Theory and practice of monetary policy have changed significantly over the past three decades. A very important part of …

Persistent link: https://www.econbiz.de/10011689928

The predictability of monetary policy

Blattner, Tobias; Catenaro, Marco; Ehrmann, Michael; … - 2008

Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...

Persistent link: https://www.econbiz.de/10011606235

Inflation of objectives instead of focus on inflation? Evidence on the ECB objective function from a textual analysis

Heinemann, Friedrich; Kemper, Jan - 2022

In this analysis, we investigate ECB communication by analyzing more than 3,800 speeches from 1999 until 2022. The …

Persistent link: https://www.econbiz.de/10014286962

Möglichkeiten und Grenzen der Gestaltung von Information und Kommunikation in staatlichen Forstorganisationen: Theoretische Analyse und empirische Studien zum internen Berichtswese...

Kenntner, Claudia - 2014

Die vorliegende Untersuchung beschäftigt sich mit der Information und Kommunikation in den forstlichen Organisationen … des Landes Baden-Württemberg. Um Informationen zu erhalten und die Organisation mittels Kommunikation zielorientiert … betrieblichen Information und Kommunikation der forstlichen Organisationen des Landes Baden-Württemberg vorliegen. Auch soll …

Persistent link: https://www.econbiz.de/10010507595

Stabilising financial markets: Lending and market making as a last resort

Buiter, Willem H.; Cecchetti, Stephen G.; Dominguez, … - 2023

This report looks backwards to the worldwide use of (enhanced) lender of last resort (LOLR) and market maker of last resort (MMLR) facilities during the global financial and the pandemic crises. It discusses how LOLR and MMLR facilities have worked; looking ahead, it considers what benefits and...

Persistent link: https://www.econbiz.de/10014327938

Digitale sentralbankpenger: Konsekvenser for likviditetsstyringen og pengepolitikken

Bernhardsen, Tom; Kloster, Arne - 2023

The paper discusses potential effects of a central bank digital currency (CBDC) on liquidity and monetary policy. CBDC could benefit the payment system but could also pose macroeconomic/financial challenges if demand for CBDC becomes high. High CBDC demand can affect banks' balance sheets,...

Persistent link: https://www.econbiz.de/10015195465

Vil enden på ECB's opkøbsprogrammer få betydning for det danske realkreditmarked?

Belling Sørensen, Christian; Stenfeldt Madsen, Magnus - 2023

The ECB has ended its net purchases of bonds. As a result, the ECB will no longer dampen volatility in the euro area bond markets to the same extent. This may lead to greater volatility in the Danish mortgage bond market. In recent years, banks have reduced their market-making capacity in the...

Persistent link: https://www.econbiz.de/10014551635

A SMARTer way to forecast

Bowe, Frida; Friis, Inga Nielsen; Loneland, Atle; … - 2023

In this paper we describe the newly developed System for Model Analysis in Real Time (SMART) used for forecasting and model analysis in Norges Bank. While the long-term goal is to include all empirical models used in forecasting in Norges Bank, the emphasis in this paper will be on the empirical...

Persistent link: https://www.econbiz.de/10014551749

Can a less boring ECB remain accountable?

Pisani-Ferry, Jean; von Weizsäcker, Jakob - 2009

Through Bruegel's role on the Monetary Experts Panel for the European Parliament's Committee on Economic and Monetary Affairs, Bruegel scholars contributed to the Committee's Monetary Dialogue with the European Central Bank meeting on 28 September. In this briefing paper for the Panel, Director...

Persistent link: https://www.econbiz.de/10010273699

The monetary mechanics of the crisis

von Hagen, Jürgen - 2009

In response to the financial and economic crisis, central banks, unlike in the 1930s, have created enormous amounts of money. There are fears that this will lead to inflation, but it is base money (the central bank's liabilities) that has expanded; total monetary aggregates have not. By contrast,...

Persistent link: https://www.econbiz.de/10010273707