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Wie viele ausländische Euro-Münzenfließen nach Deutschland?
Seitz, Franz; Stoyan, Dietrich - Hochschule für Angewandte Wissenschaften <Amberg - 2008
Das vorliegende Papier beschäftigt sich mit der Frage, wie viele ausländische Euro-Münzenpro Tag in ein Euro-Land einströmen. Dafür formulieren wir ein kleines formalmathematischesModell, das wir für den Fall Deutschlands und 1-Euro-Münzen kalibrieren.Die Einführung der Euro-Münzen 2002...
Persistent link: https://www.econbiz.de/10005866103
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Expected Money Growth, Markov Trends and theInstability of Money Demand in the Euro Area
Kaufmann, Sylvia; Kugler, Peter - Wirtschaftswissenschaftliches Zentrum <Basel> - 2007
This paper analyzes the recently documented instability of money demand in theeuro area in the framework of a Markov switching trend model. First, we consider astandard flexible price model with stable money demand, rational expectations, andan exogenous income-money ratio which follows a Markov...
Persistent link: https://www.econbiz.de/10005867935
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Does Bank Capital Matter for Monetary Transmission?
Van den Heuvel, Skander J. - Pennsylvania State University <University Park, Pa.> / … - 2002
Traditional monetary theory has largely ignored the role ofbank equity. Bank-centered accounts of how monetarypolicy affects the real economy usually focus on the role ofreserves and reserve requirements in determining the volumeof demand deposits and, in the case of the bank lendingchannel,...
Persistent link: https://www.econbiz.de/10005869391
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The Rationale for Inflation Targeting
Mishkin, Frederic S.; Posen, Adam Simon - Federal Reserve Bank <New York, NY> - 1997
[...]The first intellectual development challenging the use ofan activist monetary policy to stimulate output and reduceunemployment is the finding, most forcefully articulatedby Milton Friedman, that the effects of monetary policyhave long and variable lags.1 The uncertainty of the timingand...
Persistent link: https://www.econbiz.de/10005870226
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Design Issues in the Implementation of Inflation Targets
Mishkin, Frederic S.; Posen, Adam Simon - Federal Reserve Bank <New York, NY> - 1997
[...]In the case studies that follow, we will see that thedesign choices for an inflation-targeting regime fall intofour basic categories: definition and measurement of thetarget, transparency, flexibility, and timing.[...]
Persistent link: https://www.econbiz.de/10005870227
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German Monetary Targeting: A Precursor to Inflation Targeting
Mishkin, Frederic S.; Posen, Adam Simon - Federal Reserve Bank <New York, NY>; London School of … - 1997
Many features of the German monetary targetingregime are also key elements of inflationtargeting in the other countries examined inthis study. Indeed, as pointed out in Bernanke and Mishkin(1997), Germany might best be thought of as a “hybrid”inflation targeter, in that it has more in common...
Persistent link: https://www.econbiz.de/10005870228
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Creating an Integrated Payment System: The Evolution of Fedwire
Adam, Gilbert; Hunt, Dara; Winch, Kenneth C. - Federal Reserve Bank <New York, NY>; London School of … - 1997
[...]This paper traces the evolution of Fedwire fromtwelve separate payment operations, linked only by aninterdistrict communications arrangement, to a more unifiedand efficient system. Our account highlights both thedifficulties the Federal Reserve encountered as it soughtto standardize and...
Persistent link: https://www.econbiz.de/10005870268
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The Banking CrisisReflected in the Financial Order of the Real World
Maier, Helmut - Leontief-Institut für Wirtschaftsanalyse <Berlin> - 2008
The article reflects the present banking and financial crisis on basis of latest research results about the existence of superior economic and financial order acting within the real world (equal natural world). Within this order (equal natural order) observably all creatures use different types...
Persistent link: https://www.econbiz.de/10005871206
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New Keynesian Perspectives on Monetary Policy and the Business Cycle in Closed Economies and Monetary Unions
Mayer, Eric - 2006
No abstract available
Persistent link: https://www.econbiz.de/10009433688
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AGENT–BASED KEYNESIAN MACROECONOMICS - An Evolutionary Model Embedded in an Agent–Based Computer Simulation
Oeffner, Marc - 2008
Computersimulation, welche im Gebiet der Geldtheorie anzusiedeln ist. Agentenbasierte Computersimulationen sind innovative Werkzeuge, die … Transmissionsmechanismus knüpft an die Arbeiten Knut Wicksells im Bereich der Geldtheorie an. Darüber hinaus beinhaltet das Modell viele … und Variablen umfasst. Da es bis heute keine vergleichbare Arbeit auf dem Gebiet der Geldtheorie gibt, musste sich das …
Persistent link: https://www.econbiz.de/10009433699