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Persistent link: https://www.econbiz.de/10003499570
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012291889
Bank's inflation target alongside inflation in the euro area from 1999 to 2017 affects respondents' trust in the ECB. The … the inflation rate, and not information about the inflation target itself, appears to be the main driving force. …
Persistent link: https://www.econbiz.de/10014338856
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
negatively correlated with inflation and inflation variance across countries. But the cross-country approach has been criticised … economy, higher output and somewhat lower inflation. We also investigate the interaction between the central bank and the …
Persistent link: https://www.econbiz.de/10009781685
This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...
Persistent link: https://www.econbiz.de/10011399168
is constructed for the German monetary sector based on M3, GNP, an inflation rate, a long-term interest rate and a short …-term rate which represents the policy variable of the DBB. Moreover, import price inflation is included as an exogenous variable …
Persistent link: https://www.econbiz.de/10011400913
order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and … Müller-Armack (1966) has been a core element of growth, welfare, social cohesion and political stability in Germany and …) growth and welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a …
Persistent link: https://www.econbiz.de/10011611212
Using firm-level survey data from Germany, this paper asks how do supply constraints propagate monetary policy shocks …
Persistent link: https://www.econbiz.de/10013540705
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10011449239