Narrow search
Showing 1 - 10 of 189,849
Cover Image
The Welfare Cost of the EMU for Transition Countries
Ferreira-Lopes, Alexandra - In: Prague Economic Papers 2014 (2014) 4, pp. 446-473
The Czech Republic, Hungary, and Poland are set to join the Economic and Monetary Union (EMU) in the near future. This … directly evaluate the effects of monetary policy in terms of welfare. Our findings suggest that the Czech Republic and Poland … may experience sizable welfare costs as a result of joining the EMU. Results for Hungary are less striking as welfare …
Persistent link: https://www.econbiz.de/10011195639
Cover Image
The Costs of EMU for Transition Countries
Lopes, Alexandra Ferreira - Money Macro and Finance Research Group - 2007
Czech Republic, Hungary and Poland will have to join the European and Monetary Union. Surprisingly, there is very …
Persistent link: https://www.econbiz.de/10004978130
Cover Image
The Costs of EMU for Transition Countries
Lopes, Alexandra - Society for Computational Economics - SCE - 2006
Czech Republic, Hungary and Poland will have to join the European and Monetary Union. Surprisingly, there is very …
Persistent link: https://www.econbiz.de/10005537413
Cover Image
In or Out? The Welfare Costs of EMU Membership
Ferreira-Lopes, Alexandra - Unidade de Investigação em Desenvolvimento … - 2008
Denmark, Sweden, and the UK have repeatedly refused to join the European and Monetary Union (EMU). Surprisingly, there is very little work on the welfare consequences of the loss of monetary policy flexibility for these countries. This paper fills this void by providing a framework to evaluate...
Persistent link: https://www.econbiz.de/10010561305
Cover Image
Using Extraneous Information to Analyze Monetary Policy in Transition Economies
Gavin, William T. - 2007
Empirical macroeconomics is plagued by small sample size and large idiosyncratic variation. This problem is especially severe in the case of the transition economies. We utilize a mixed-estimation method incorporating prior information from OECD country data to estimate the parameters of a...
Persistent link: https://www.econbiz.de/10012732092
Cover Image
Monetary Policy Transmission, Interest Rate Rules and Inflation Targeting in Three Transition Countries
Golinelli, Roberto; Rovelli, Riccardo - 2002
In 1991, the rate of inflation in the Czech Republic, Hungary and Poland was between 35% and 70%. At the end of 2001 …
Persistent link: https://www.econbiz.de/10014120553
Cover Image
Estimating and Analysing Currency Options Implied Risk-Neutral Density Functions for the Largest New EU Member States
Castren, Olli - 2021
, Czech Republic and Hungary vis-a-vis the euro and the US dollar to estimate the risk-neutral density (RND) functions and the …This paper uses data on currency options prices for the exchange rates of the three largest new EU member states Poland …
Persistent link: https://www.econbiz.de/10013318786
Cover Image
Exchange Rate Risk and Convergence to the Euro
Orlowski, Lucjan T. - 2005
proposed. The model is empirically tested for the Czech Republic, Poland and Hungary, the selected new Member States of the EU …This paper proposes a new monetary policy framework for effectively navigating the path to adopting the euro. The … volatility to differentials over the euro zone in both inflation (target variable) and interest rate (instrument variable) is …
Persistent link: https://www.econbiz.de/10014066924
Cover Image
Do Central Banks Respond to Exchange Rate Movements? a Markov-Switching Structural Investigation
Alstadheim, Ragna; Bjørnland, Hilde C.; Maih, Junior - 2013
Do central banks respond to exchange rate movements? According to Lubik and Schorfheide (2007) who estimate structural general equilibrium models with monetary policy rules, the answer is "Yes, some do". However, their analysis is based on a sample with multiple regime changes, which may bias...
Persistent link: https://www.econbiz.de/10012143836
Cover Image
Do Central Banks Respond to Exchange Rate Movements? A Markov-Switching Structural Investigation
Alstadheim, Ragna - 2013
Do central banks respond to exchange rate movements? According to Lubik and Schorfheide (2007) who estimate structural general equilibrium models with monetary policy rules, the answer is "Yes, some do". However, their analysis is based on a sample with multiple regime changes, which may bias...
Persistent link: https://www.econbiz.de/10013073105