Similar Search Results

Monetary Policy Responses to the Crisis and Exit Strategies

Minegishi, Makoto; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2010

Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to …

Persistent link: https://www.econbiz.de/10008542499

Monetary Policy Responses to the Crisis and Exit Strategies

Minegishi, Makoto - 2010

Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to …

Persistent link: https://www.econbiz.de/10012444285

OECD Forecasts During and After the Financial Crisis: A Post Mortem

Pain, Nigel; Lewis, Christine; Dang, Thai-Thanh; Jin, Yosuke - Economics Department, Organisation de Coopération et … - 2014

This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery … was stronger than expected on average. Analysis of the growth errors shows that the OECD projections in the crisis years … errors. Instead, the repeated conditioning assumption that the euro area crisis would stabilise or ease played an important …

Persistent link: https://www.econbiz.de/10011277004

Sources of Inflation Persistence in the Euro Area

Cournède, Boris; Janovskaia, Alexandra; Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2005

In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the economy. Is this phenomenon more than a peculiarity in recent data? Is it related to structural policy settings? Econometric analysis conducted on two decades of quarterly data...

Persistent link: https://www.econbiz.de/10005045977

The Usefulness of Output Gaps for Policy Analysis

Koske, Isabell; Pain, Nigel - Economics Department, Organisation de Coopération et … - 2008

Measures of the gap between actual and potential activity are used frequently as indicators of the economic cycle and play a vital role in the conduct of monetary and fiscal policy. Given that output and unemployment gap estimates are often subject to considerable revision over time, this paper...

Persistent link: https://www.econbiz.de/10005046234

Do House Prices Impact Consumption and Interest Rate?: Evidence from OECD Countries Using an Agnostic Identification Procedure

André, Christophe; Gupta, Rangan; Kanda, Patrick T. - Economics Department, Organisation de Coopération et … - 2012

This paper investigates the existence of significant spillovers from the housing sector onto the wider economy for the seven major OECD countries using Uhlig's (2005) agnostic identification procedure. This method allows a housing demand shock to be identified in a six-variable VAR model by...

Persistent link: https://www.econbiz.de/10011277019

Sources of Inflation Persistence in the Euro Area

Cournède, Boris - 2005

Persistent link: https://www.econbiz.de/10012444759

Slovakia: A Catching Up Euro Area Member In and Out of the Crisis

Fidrmuc, Jarko; Klein, Caroline; Price, Robert W.R.; … - Economics Department, Organisation de Coopération et … - 2013

investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment …

Persistent link: https://www.econbiz.de/10011276997

Monetary Transmission Mechanism in Central and Eastern Europe: Surveying the Surveyable

Égert, Balázs; MacDonald, Ronald - Economics Department, Organisation de Coopération et … - 2008

This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe (CEE). Our results indicate that the strength of the exchange rate pass-through substantially declined over time mainly due to a fall in...

Persistent link: https://www.econbiz.de/10005045716

Monetary Transmission Mechanism in Central and Eastern Europe: Surveying the Surveyable

Égert, Balázs - 2008

Persistent link: https://www.econbiz.de/10012444155