Narrow search
Showing 61 - 70 of 559,134
Cover Image
Evaluating the New Keynesian Phillips Curve under VAR-based learning
Fanelli, Luca (contributor) - 2008
cointegrated processes. Results on quarterly data relative to the period 1981-2006 show that: (i) the euro area inflation rate and …
Persistent link: https://www.econbiz.de/10003764621
Cover Image
The ECB's monetary analysis revisited
Berger, Helge; Harjes, Thomas; Stavrev, Emil - 2008
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10003797845
Cover Image
Evaluating the New Keynesian Phillips Curve under VAR-based learning
Fanelli, Luca (contributor) - 2008
19812006 show that: (i) the euro area inflation rate and the wage share are cointegrated; (ii) the cointegrated version of the … inflation dynamics ; New Keynesian Phillips Curve ; Recursive Least Squares ; VAR ; VEqC …
Persistent link: https://www.econbiz.de/10003677806
Cover Image
Dynamics of inflation expectations in the Euro area
Paloviita, Maritta - 2008
Persistent link: https://www.econbiz.de/10009770044
Cover Image
The ECB's Monetary Analysis Revisited
Berger, Helge - 2008
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10012770401
Cover Image
Debt Deflation, Financial Market Stress and Regime Change – Evidence from Europe Using MRVAR
Ernst, Ekkehard - 2016
risk drivers are employed and multi-regime IRs for output, inflation rates, interest rates and financial stress are …
Persistent link: https://www.econbiz.de/10012994480
Cover Image
The ECB's monetary analysis revisited
Berger, Helge; Harjes, Thomas; Stavrev, Emil - 2008
Persistent link: https://www.econbiz.de/10003751793
Cover Image
The ECB’s Monetary Analysis Revisited
Berger, Helge - 2008
Monetary aggregates continue to play an important role in the ECB''s policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10014401331
Cover Image
Investigating the structural stability of the Phillips curve relationship
Groen, Jan J. J. (contributor); Mumtaz, Haroon (contributor) - 2008
The reduced-form correlation between inflation and measures of real activity has changed substantially for the main … developed economies over the post-WWII period. In this paper we attempt to describe the observed inflation dynamics in the … log-linearised around different, non-zero, steady-state inflation levels. In doing this, we follow a two-step estimation …
Persistent link: https://www.econbiz.de/10003883882
Cover Image
Monetary policy transmission and the Phillips curve in a global context
Smith, Ron (contributor); Pesaran, M. Hashem (contributor) - 2007
procedure, such as the HP filter, and the steady state for other variables, including inflation, is treated as a constant. This … is inconsistent with the theory and raises econometric problems since inflation, for instance, is a very persistent …
Persistent link: https://www.econbiz.de/10003486571