geldpolitische Schocks in die Analyse mit einzubeziehen. Abschließend werden Wechselkurs- und Leistungsbilanzdynamiken in Form von … gemeinsamen Faktoren über Länder hinweg untersucht. Die Ergebnisse zeigen, dass in den meisten Fällen eine reale Aufwertung mit … einer Verschlechterung der Leistungsbilanz einhergeht. Das Anpassungsmuster verändert sich jedoch über die Zeit und deutet …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

world have accumulated foreign exchange reserves and other official assets at an unprecedented rate. This paper shows that …

through ; China ; inflation ; markups …This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the … import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the … import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

this strategy and thus anchored inflation expectations. Secondly, in order to ensure the sustainability of the regime, the …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and …). The paper finds that the changes of the world current account positions are driven by the macroeconomic pol-icy decisions … contribute to rising saving surpluses. -- Global Imbalances ; Asymmetric World Monetary System ; Twin Deficit ; Twin Surplus …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …