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Do monetary indicators lead euro area inflation?
Hofmann, Boris - 2008
indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …
Persistent link: https://www.econbiz.de/10011604913
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Do Monetary Indicators Lead Euro Area Inflation?
Hofmann, Boris - 2021
indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …
Persistent link: https://www.econbiz.de/10013316597
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Excess Money Growth and Inflation Dynamics
Roffia, Barbara; Zaghini, Andrea - 2021
The paper analyses the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …
Persistent link: https://www.econbiz.de/10013317101
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Modelling yields at the lower bound through regime shifts
Hördahl, Peter; Tristani, Oreste - 2019
We propose a regime-switching approach to deal with the lower bound on nominal interest rates in dynamic term structure modelling. In the "lower bound regime", the short term rate is expected to remain constant at levels close to the effective lower bound; in the "normal regime", the short rate...
Persistent link: https://www.econbiz.de/10012142164
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Credit subsidies
Correia, Isabel; De Fiore, Fiorella; Teles, Pedro; … - 2016
In a model with costly financial intermediation and financial disturbances, credit subsidies are desirable, irrespective of how they are financed. They are especially useful when the zero lower bound constraint is reached. They are superior to other credit policies such as direct lending.
Persistent link: https://www.econbiz.de/10011605922
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Credit Subsidies
Correia, Isabel Horta - 2016
In a model with costly financial intermediation and financial disturbances, credit subsidies are desirable, irrespective of how they are financed. They are especially useful when the zero lower bound constraint is reached. They are superior to other credit policies such as direct lending
Persistent link: https://www.econbiz.de/10013001182
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Modelling Yields at the Lower Bound Through Regime Shifts
Hördahl, Peter; Tristani, Oreste - 2021
We propose a regime-switching approach to deal with the lower bound on nominal interest rates in dynamic term structure modelling. In the “lower bound regime”, the short term rate is expected to remain constant at levels close to the effective lower bound; in the “normal regime”, the...
Persistent link: https://www.econbiz.de/10013315336
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The Impact of Constrained Monetary Policy on the Fiscal Multipliers on Output and Inflation
Bletzinger, Tilman - 2017
on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We … that this over-proportionality is stronger for the fiscal multiplier on inflation than on output. We relate this finding to …
Persistent link: https://www.econbiz.de/10012963016
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Euro Area Inflation Differentials : The Role of Fiscal Policies Revisited
Checherita-Westphal, Cristina; Leiner-Killinger, Nadine; … - 2023
This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …. We do find, however, support for an indirect effect of discretionary fiscal policy on inflation differentials working …
Persistent link: https://www.econbiz.de/10014257756
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Reducing large net foreign liabilities
Fidora, Michael; Schmitz, Martin; Tcheng, Céline - 2017
In light of persistently large net foreign liability (NFL) positions in several euro area countries, we analyse 138 episodes of sizeable NFL reductions for a broad sample of advanced and emerging economies. We provide stylised facts on the channels through which NFLs were reduced and estimate...
Persistent link: https://www.econbiz.de/10011804389