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Germany''s export market share increased since 2000, while most industrial countries experienced declines. This study …). An export model is estimated covering the period 1993-2005. The dominant factors explaining the increase in market share … are trade relationships with fast growing countries and regionalized production in the export sector. Improved cost …
Persistent link: https://www.econbiz.de/10014400227
Persistent link: https://www.econbiz.de/10010359887
We study how low interest rates in the United States affect risk taking in the market of crossborder leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of a cross-border spillover effect of monetary policy. We...
Persistent link: https://www.econbiz.de/10011716480
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...
Persistent link: https://www.econbiz.de/10014411339
This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of … for the three major communication channels of the CBC: the release of policy meetings' statements, minutes, and monetary … monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset …
Persistent link: https://www.econbiz.de/10011878683
methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …
Persistent link: https://www.econbiz.de/10014401995
; this means that the central bank may prefer to focus its communication policies on the information it knows most about …
Persistent link: https://www.econbiz.de/10014401641
information (data collection and processing) and communication (relationships and distribution). Both follow historic trends …. We argue that in particular the rise of new communication channels can lead to the vertical and horizontal disintegration …
Persistent link: https://www.econbiz.de/10012300645
effective monetary policy communication will only increase as China continues to liberalize its financial system and open its … markets of the PBC's main communication channels, including a novel communication channel. The results suggest that there has … been significant progress but that PBC communication is still evolving toward the level of other major economies. The paper …
Persistent link: https://www.econbiz.de/10011978360
This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of …
Persistent link: https://www.econbiz.de/10014395210