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Análisis descriptivo de la Encuesta de Expectativas de inflación de las firmas

Marrero, Rodrigo; Mello Costa, Miguel - 2023

Persistent link: https://www.econbiz.de/10014311703

Navigating the treacherous political economy of structural reform

Furceri, Davide; Ostry, Jonathan David; Papageorgiou, Chris - 2024

We examine the economic and electoral effects of liberalisation measures using newlyconstructed databases on structural economic reforms and the outcome of democratic elections since the 1970s. The data shows a remarkable slowdown in the pace of liberalisation in both advanced and emerging...

Persistent link: https://www.econbiz.de/10014578034

Time-varying business volatility, price setting, and the real effects of monetary policy

Bachmann, Ruediger; Born, Benjamin; Elstner, Steffen; … - 2013

Does time-varying business volatility affect the price setting of firms and thus the transmission of monetary policy into the real economy? To address this question, we estimate from the firm-level micro data of the German IFO Business Climate Survey the impact of idiosyncratic volatility on the...

Persistent link: https://www.econbiz.de/10009767295

Euro Area growth and European institutional reforms

Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2019

Persistent link: https://www.econbiz.de/10011981952

Should Policy Makers Worry about Asymmetries in the Business Cycle?

Boldin, Michael D. - In: Studies in Nonlinear Dynamics & Econometrics 3 (1999) 4

This paper reconsiders the conventional use of econometric models, especially identified vector autoregressive models, in guiding monetary policy. The main question I explore is whether these models are seriously flawed because they ignore asymmetries in the business cycles. Toward that end,...

Persistent link: https://www.econbiz.de/10014620820

Monetary Policy with a Nonlinear Phillips Curve and Asymmetric Loss

Tambakis, Demosthenes N. - In: Studies in Nonlinear Dynamics & Econometrics 3 (1999) 4

assess the implications of asymmetric loss for the distributional properties of the equilibrium levels of inflation and … unemployment. For parameter values relevant to the U.S., it is found that the asymmetric loss function yields an average inflation … (lower) variance of inflation (unemployment) compared to the symmetric benchmark. Calibrating the model to match the observed …

Persistent link: https://www.econbiz.de/10014620821

Monetary Policy and the Top 10%: A Time-Series Analysis Using ARDL and ECM

Omar, Nadeen; Richter, Christian - In: Statistics, Politics and Policy 12 (2021) 2, pp. 359-374

Abstract For the past decades, income inequality has been on the rise, and so is the frequency of its mentions in recent speeches by central bankers. With the heightened importance of the topic, this research aims to study the impact of monetary policy on income inequality. The study used...

Persistent link: https://www.econbiz.de/10014621174

Monetary and Fiscal Policy Analysis With an Agent-Based Macroeconomic Model

Haber, Gottfried - In: Jahrbücher für Nationalökonomie und Statistik 228 (2008) 2-3, pp. 276-295

Summary Macroeconomic policy analysis is a challenge for agent-based models because these types of model are generally much elaborated on the specific market levels for partial (micro) markets, but have been of limited use for macroeconomic policy issues due to calibration and “model...

Persistent link: https://www.econbiz.de/10014609201

Oil Price Dynamics and Monetary Policy in a Heterogeneous Monetary Union

Clausen, Volker; Wohltmann, Hans-Werner - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 2, pp. 159-187

output and inflation and also to reversals in the relative cyclical position across the monetary union. We distinguish …

Persistent link: https://www.econbiz.de/10014609438

Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years

Issing, Otmar; Wieland, Volker - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 3, pp. 423-445

Summary In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an encompassing overview, which would be overambitious, we simply concentrate on a few selected aspects that we view as milestones in the...

Persistent link: https://www.econbiz.de/10014609451