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Monetary commitment, institutional constraints and inflation : empirical evidence for OECD countries since the 1970s
Freytag, Andreas (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003497804
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Does institutional change really matter? : inflation targets, central bank reform and interest rate policy in the OECD countries
Muscatelli, V. Anton; Tirelli, Patrizio; Trecroci, Carmine - 2000
recently adopted inflation targets. Some significant shifts in the conduct of monetary policy are detected in the G3 countries … begin to look consistent with an inflation-targeting regime. In addition, the introduction of inflation targeting and … inflation targets and central bank reforms. The paper challenges the one-size-fits-all attitude towards modern central bank …
Persistent link: https://www.econbiz.de/10009781553
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Government ideology and monetary policy in OECD countries
Cahan, Dodge; Doerr, Luisa; Potrafke, Niklas - 2019
We examine the extent to which government ideology has influenced monetary policy in OECD countries since the 1970s. In line with important changes in the global economy and differences across countries, regression results yield heterogeneous inferences depending on the time period and the...
Persistent link: https://www.econbiz.de/10011986076
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What is the globalisation of inflation?
Altansukh, Gantungalag; Becker, Ralf; Bratsiotis, George; … - In: Journal of economic dynamics & control 74 (2017), pp. 1-27
Persistent link: https://www.econbiz.de/10011740465
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Wage indexation and the monetary policy regime
De Schryder, Selien; Peersman, Gert; Wauters, Joris - 2014
indexation to past inflation to vary according to the monetary policy regime. We find that the extent of wage indexation is … significantly lower in an inflation targeting regime, in contrast to monetary targeting, exchange rate targeting and policy regimes …
Persistent link: https://www.econbiz.de/10010459666
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Fiscal consolidation and its cross-country effects
Philippopulos, Apostolēs; Varthalitis, Petros; … - 2016
We build a new Keynesian DSGE model consisting of two heterogeneous countries participating in a monetary union. We study how public debt consolidation in a country with high debt (like Italy) affects welfare in a country with solid public finances (like Germany). Our results show that debt...
Persistent link: https://www.econbiz.de/10011515282
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Fiscal consolidation and its cross-country effects
Philippopulos, Apostolēs; Varthalitis, Petros; … - In: Journal of economic dynamics & control 83 (2017), pp. 55-106
Persistent link: https://www.econbiz.de/10011915581
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Has the EMU reduced wage growth and unemployment? : testing a model of trade union behaviour
Mikosch, Heiner; Sturm, Jan-Egbert - 2011
By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...
Persistent link: https://www.econbiz.de/10009127665
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Effects of tax depreciation rules on firms' investment decisions in an inflationary phase : comparison of net present values in selected OECD countries
Nam, Chang-woon - 2001
. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as … designed, but partly compensate such losses caused by inflation. …
Persistent link: https://www.econbiz.de/10011399561
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Long-term interest rates and public debt maturity
Sakalauskaite, Ieva; Beetsma, Roel; Giuliodori, Massimo - 2013
is stronger for countries with higher average inflation or debt. …
Persistent link: https://www.econbiz.de/10010189835