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Estimation of monetary policy preferences in a forward-looking model : a Bayesian approach
Ilbas, Pelin - 2008
In this paper we adopt a Bayesian approach towards the estimation of the monetary policy preference parameters in a general equilibrium framework. We start from the model presented by Smets and Wouters (2003) for the euro area where, in the original set up, monetary policy behaviour is described...
Persistent link: https://www.econbiz.de/10011610240
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Estimation of Monetary Policy Preferences in a Forward-Looking Model : A Bayesian Approach
Ilbas, Pelin - 2008
In this paper we adopt a Bayesian approach towards the estimation of the monetary policy preference parameters in a general equilibrium framework. We start from the model presented by Smets and Wouters (2003) for the euro area where, in the original set up, monetary policy behaviour is described...
Persistent link: https://www.econbiz.de/10012723869
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Estimation of monetary policy preferences in a forward-looking model: a Bayesian approach
Ilbas, Pelin - 2008
In this paper we adopt a Bayesian approach towards the estimation of the monetary policy preference parameters in a general equilibrium framework. We start from the model presented by Smets and Wouters (2003) for the euro area where, in the original set up, monetary policy behaviour is described...
Persistent link: https://www.econbiz.de/10011506650
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From antigrowth bias to quantitative easing : the ECB's belated conversion?
Bibow, Jörg - 2016
This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and institutional deficiencies share responsibility for the euro's...
Persistent link: https://www.econbiz.de/10011481632
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The Euro's savior? : assessing the ECB's crisis management performance and potential for crisis resolution
Bibow, Jörg - 2015
This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution. The study investigates the institutional and functional constraints that delineate the ECB’s scope for policy action under crisis conditions, and how the bank has actually...
Persistent link: https://www.econbiz.de/10011349470
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The European Central Bank and why things are the way they are : a historic monetary policy pivot point and moment of (relative) clarity
Dubois, Robert - 2012
, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and … become more homogenized, synchronized, and directionally clear than at any time since early 2009. -- Eurozone ; Monetary …
Persistent link: https://www.econbiz.de/10009503821
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The Euro's Savior? Assessing the ECB's Crisis Management Performance and Potential for Crisis Resolution
Bibow, Jörg - 2015
This study assesses the European Central Bank's (ECB) crisis management performance and potential for crisis resolution. The study investigates the institutional and functional constraints that delineate the ECB's scope for policy action under crisis conditions, and how the bank has actually...
Persistent link: https://www.econbiz.de/10013014075
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From Antigrowth Bias to Quantitative Easing : The ECB's Belated Conversion?
Bibow, Jörg - 2016
This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and institutional deficiencies share responsibility for the euro's...
Persistent link: https://www.econbiz.de/10012989691
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The European Central Bank and Why Things are the Way They Are : A Historic Monetary Policy Pivot Point and Moment of (Relative) Clarity
Dubois, Robert - 2012
, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states.Given the scale and scope of the eurozone crisis, policy and …
Persistent link: https://www.econbiz.de/10013109818
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Monetary and macroprudential policy interactions in a model of the European Union
Dennis, Richard; Ilbas, Pelin - 2022
We use the two-country euro-area model developed by Quint and Rabanal (2014) to study policymaking in the European Monetary Union (EMU). We focus on strategic interactions: 1) between an EMU-level monetary authority and an EMU-level macroprudential authority, and; 2) between an EMU-level monetary...
Persistent link: https://www.econbiz.de/10013291498