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The role of asset prices in euro area monetary policy : specification and estimation of policy rules and implications for the European Central Bank

Siklos, Pierre L. (contributor); Bohl, Martin T. (contributor) - 2005

This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...

Persistent link: https://www.econbiz.de/10003074618

Fiscal reform and monetary union in West Africa

Hefeker, Carsten - In: Journal of international development : the journal of … 22 (2010) 1, pp. 86-102

Persistent link: https://www.econbiz.de/10003969948

Fiscal Reform and Monetary Union in West Africa

Hefeker, Carsten - 2005

The paper explores the interaction between the proposed monetary union for ECOWAS and structural reforms of fiscal policy. The effects depend to a large extent on the degree of similarity of member countries. In a monetary union of similar countries, member states run a more distortive fiscal...

Persistent link: https://www.econbiz.de/10014084922

Fiscal reform and monetary union in West Africa

Hefeker, Carsten (contributor) - 2003

Persistent link: https://www.econbiz.de/10001774627

Fiscal reform and monetary union in West Africa

Hefeker, Carsten - 2003

Persistent link: https://www.econbiz.de/10013430531

Asset Prices in Taylor Rules : Specification, Estimation, and Policy Implications for the ECB

Siklos, Pierre L. - 2016

Persistent link: https://www.econbiz.de/10012991350

From floating to monetary union : the economic distance between exchange rate regimes

Hochreiter, Eduard; Siklos, Pierre L. - 2004

Persistent link: https://www.econbiz.de/10002490525

Did the Bundesbank react to stock price movements?

Bohl, Martin T.; Siklos, Pierre L.; Werner, Thomas - 2003

In this paper, we investigate the relationship between stock returns and short-term interest rates. Identification of the stock return-interest rate relation is solved by using a new technique that relies on the heteroskedasticity of shocks to stock market returns. We suggest some improvements...

Persistent link: https://www.econbiz.de/10011432162

Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada

Siklos, Pierre L. - 2000

Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … Preisstabilität. Mit der neuen Politik sollte unter anderem die Öffentlichkeit fortan den Erfolg der Geldpolitik leichter daran messen … in der öffentlichen Kommentierung der Geldpolitik seit 1991 fairer beurteilt werden." Anhand von Kommentaren in den …

Persistent link: https://www.econbiz.de/10011418878

Central bank credibility : an historical and quantitative exploration

Bordo, Michael D.; Siklos, Pierre L. - In: Central banks at a crossroads : what can we learn from …, (pp. 62-144). 2016

Persistent link: https://www.econbiz.de/10011487253