Showing 1 - 10 of 23
Persistent link: https://www.econbiz.de/10003955151
In a world with imperfect competition, market externalities or asymmetric information, the impact of money and monetary policy on the real sector depends on the way money is created. Two conflicting views of money supply can be distinguished in the literature: the endogeneity view and the...
Persistent link: https://www.econbiz.de/10009620766
In this paper, the empirical relevance of the credit channel for the explanation of monetary policy transmission in Germany during the period of monetary targeting from 1975 to 1998 is analyzed. While existing studies of the credit channel rely mostly on the analysis of monetary policy effects...
Persistent link: https://www.econbiz.de/10009626675
einem Land oder in einer Region. In dieser Studie wird ein Projektionsmodell für Deutschland insgesamt und die deutschen … Länder vorgestellt. Dabei wird zunächst die wirtschaftliche Aktivität in Deutschland insgesamt mit Hilfe einer … Produktion in Deutschland insgesamt und in den einzelnen Ländern werden diskutiert. -- Regionale Wachstumsprojektion …
Persistent link: https://www.econbiz.de/10009680971
In this paper, we estimate a small New Keynesian dynamic stochastic general equilibrium (DSGE) model for Germany for the period from 1975 to 1998 and use it to identify the structural shocks, which have driven the business cycle. For this purpose we apply indirect inference methods, that is we...
Persistent link: https://www.econbiz.de/10003761809
Persistent link: https://www.econbiz.de/10002097558
Persistent link: https://www.econbiz.de/10001656713
Persistent link: https://www.econbiz.de/10001666564
Persistent link: https://www.econbiz.de/10001641418
Persistent link: https://www.econbiz.de/10001757449