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Forecasting ECB policy rates with different monetary policy rules
Belke, Ansgar; Klose, Jens - 2019
This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....
Persistent link: https://www.econbiz.de/10012063951
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Forecasting ECB policy rates with different monetary policy rules
Belke, Ansgar; Klose, Jens - 2019
-Regel - hinsichtlich ihrer Prognosefähigkeit des Leitzinses der Europäischen Zentralbank miteinander. Es werden die Standardregeln …
Persistent link: https://www.econbiz.de/10012034314
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Central bank communication : managing expectations through the monetary dialogue
Belke, Ansgar - 2017
Kontext einer sich entwickelnden neuen unkonventionellen Geldpolitik. Kommunikation wird als eine geldpolitische Politikoption … zur Minimierung von Risiken beschrieben, die im Kontext des Ausstiegs aus der unkonventionellen Geldpolitik entstehen …
Persistent link: https://www.econbiz.de/10011644116
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Central bank communication : managing expectations through the monetary dialogue
Belke, Ansgar - 2017
Successfully managing a course back to normality ("exit") will depend crucially on the central banks' ability to communicate effectively a credible strategy for an orderly exit from such kind of policies. In this context, clear, deliberate, coordinated messages that are anchored in the central...
Persistent link: https://www.econbiz.de/10011691556
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Monetary dialogue 2009 - 2014 : looking backward, looking forward
Belke, Ansgar - 2014
This paper comments on the role of the Monetary Dialogue in the context of an evolving monetary policy. The discussion is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB’s model choice and data revision policies in inflation...
Persistent link: https://www.econbiz.de/10010350483
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Monetary dialogue 2009 - 2014 : looking backward, looking forward
Belke, Ansgar - 2014
gegenwärtig stark verändernden Geldpolitik. Die Diskussion wird geführt im Hinblick auf die Verwendung eines Zinsausblicks … („Forward Guidance“) durch die Europäische Zentralbank (EZB) im Rahmen ihrer Transparenzoffensive, die Modellwahl und … Geldpolitik der EZB. …
Persistent link: https://www.econbiz.de/10010259542
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Transparenz und Forward Guidance : Stimulierung der Volkswirtschaft in der Eurozone?
Belke, Ansgar - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 6, pp. 410-415
. Tatsächlich wird die Geldpolitik der EZB durch die neuen Kommunikationsinstrumente berechenbarer und kann entsprechend leichter …
Persistent link: https://www.econbiz.de/10010370748
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Does government ideology matter in monetary policy? : a panel data analysis for OECD countries
Belke, Ansgar; Potrafke, Niklas - 2009
This paper examines the effect of government ideology on monetary policy in a quarterly data set of 15 OECD countries … for central bank independence and government ideology. The results suggest that leftist governments did not decrease short … delegating monetary policy to conservative central bankers. -- Monetary policy ; Taylor rule ; government ideology ; partisan …
Persistent link: https://www.econbiz.de/10003824728
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Does government ideology matter in monetary policy? : a panel data analysis for OECD countries
Belke, Ansgar; Potrafke, Niklas - 2011
This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data … time-variant index of central bank independence with government ideology. The results show that leftist governments have … policy to conservative central bankers. -- Monetary policy ; Taylor rule ; government ideology ; partisan politics ; central …
Persistent link: https://www.econbiz.de/10009580361
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European monetary policy and the ECB rotation model voting power of the core versus the periphery
Belke, Ansgar; Schnurbein, Barbara von - 2010
We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization scheme based on the multilinear extension (MLE) of...
Persistent link: https://www.econbiz.de/10010208783