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Distributional Effects of Monetary Policy in Emerging Market Economies

Prasad, Eswar; Zhang, Boyang - 2015

inflation targeting, exchange rate management benefits households in the tradable goods sector but in the long run these …

Persistent link: https://www.econbiz.de/10011307491

The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics

Christoffel, Kai; Linzert, Tobias - 2005

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

Persistent link: https://www.econbiz.de/10010267287

Assessing Australian Monetary Policy in the Twenty-First Century

Gross, Isaac; Leigh, Andrew - 2022

high during 2016-2019, keeping inflation below the Reserve Bank's target band. Optimal monetary policy in 2016-2019 would …

Persistent link: https://www.econbiz.de/10013426410

Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment: Evidence for the Euro Area

Belke, Ansgar H.; Frenzel Baudisch, Coletta; Göcke, … - 2019

The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...

Persistent link: https://www.econbiz.de/10012141204

Understanding Firm Dynamics with Daily Data

Hack, Lukas; Rostam-Afschar, Davud - 2025

How do firms' plans and expectations respond to macroeconomic shocks? We run a daily survey of German firms over the past three years. We randomize daily invitations, delivering a stable composition of firms. This allows constructing daily time series and estimating dynamic aggregate causal...

Persistent link: https://www.econbiz.de/10015409451

Information and the Formation of Inflation Expectations by Firms: Evidence from a Survey of Israeli Firms

Gorodnichenko, Yuriy; Melnick, Rafi; Kutai, Ari - 2023

This study analyzes how firms form their inflation expectations during a regime change in monetary policy and a … transition to a low-inflation environment. Using the Bank of Israel survey of firms, we document the basic properties of firms …' inflation expectations and examine how Israeli firms update their inflation expectations after receiving new information about …

Persistent link: https://www.econbiz.de/10014377237

Inconsistencies in reported employment characteristics among employed stayers

Bassi, Francesca; Padoan, Alessandra; Trivellato, Ugo - 2008

The paper deals with measurement error, and its potentially distorting role, in information on industry and professional status collected by labour force surveys. The focus of our analyses is on inconsistent information on these employment characteristics resulting from yearly transition...

Persistent link: https://www.econbiz.de/10010269044

Non-parametric inference for the effect of a treatment on survival times with application in the health and social sciences

Luna, Xavier de; Johansson, Per - 2009

In this paper we perform inference on the effect of a treatment on survival times in studies where the treatment assignment is not randomized and the assignment time is not known in advance. Two such studies are discussed: a heart transplant program and a study of Swedish unemployed eligible for...

Persistent link: https://www.econbiz.de/10010269367

Random Coefficient Panel Data Models

Hsiao, Cheng; Pesaran, Mohammad Hashem - 2004

This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random coefficients models and suggest a common framework for dealing with them. It considers the fundamental issues of statistical inference of a random coefficients formulation using...

Persistent link: https://www.econbiz.de/10010276181

General Diagnostic Tests for Cross Section Dependence in Panels

Pesaran, Mohammad Hashem - 2004

This paper proposes simple tests of error cross section dependence which are applicable to a variety of panel data models, including stationary and unit root dynamic heterogeneous panels with short T and large N. The proposed tests are based on average of pair-wise correlation coefficients of...

Persistent link: https://www.econbiz.de/10010276182