The Taylor rule establishes a simple linear relation between the interest rate, inflation and output gap. However, this … particular, those two central banks tend to react to inflation only when inflation is above or outside their targets. Moreover … relation may not be so simple. To get a deeper understanding of the central banks' behaviour, this paper asks whether central …

Die Studie geht der Frage nach, welche Auswirkungen Zentralbank-Kommunikation auf Finanzstabilität haben kann. Wir … legen die grundlegendenKonzepte der Finanzstabilität sowie der Zentralbank-Kommunikation dar, indem wireinen Überblick über … diskutieren und Schlussfolgerungenim Hinblick auf die Fragestellung zu ziehen, ob Zentralbank-Kommunikation dieFinanzmärkte …

main source of differences in the forecast horizons and response coefficients is not the data sources or the computation …This article develops the first granular database on daily real-time inflation rates and output. Four different … European forecast sources and three computation methods are applied to calculate those daily data. These are used in two types …

use of different measures of the output gap and the inflation term, can better track the interest rate setting in the euro …, inter alia, on the inclusion of additional variables not contained in the original specification proposed by Taylor or the … 1985. The main aim is to assess the performance of Taylor rules and to evaluate whether alternative specifications based …

negative and positive inflation and output gaps in its loss function – therefore, following not a linear but a nonlinear … following a nonlinear Taylor rule, or more precisely, is the ECB reacting differently to levels of inflation above and below … of inflation and output gap or by a separate analysis for inflation above or below the target, this paper estimates a …

between actual ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly … within the euro area has been steadily decreasing prior to the recent financial crisis. Current stress levels are not only … lower today than in the late 1990s, they are also in line with what is commonly observed among U.S. states or pre …

ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly take into … area has been steadily decreasing prior to the recent financial crisis. Current stress levels are not only lower today than … in the late 1990s, they are also in line with what is commonly observed among U.S. states or pre-euro German L nder. …

Die neue Europäische Union : im vitalen Interesse Deutschlands? Studie zu Kosten und Nutzen der Europäischen Union für … Europa der Bürger www.europaeische-bewegung.de www.europa-union.de Die neue Europäische Union : im vitalen Interesse … Deutschlands? W e s s e l s / D i e d r i c h s ( H r s g . ) Mit freundlicher Unterstützung von Netzwerk Europäische …

Europäische Rechnungslegungsharmonisierung: Vergleichende Analyse zwischen Finnland und Deutschland … ................................................................................. Europäische Gemeinschaft EGHGB .................................................................... Einführungsgesetz zum HGB … .............................................................................. Einkommensteuerrichtlinie EU .............................................................................................. Europäische Union …

Executive board and the group of all national governors. To the extent that new members have a higher inflation bias (stemming … are based on size rather than inflation or growth. Although large countries tend to display relatively low inflation rates … interest rate, π k its inflation rate, og k its output gap (defined as the discrepancy between GDP and potential GDP). The …