Narrow search
Showing 1 - 10 of 13,311
Cover Image
On the Credibility of Currency Boards
Feuerstein, Switgard; Grimm, Oliver - 2004
The paper compares the credibility of currency boards and (standard) pegs. Abandoning a currency board requires a time …
Persistent link: https://www.econbiz.de/10010296385
Cover Image
Opec hat noch Handlungsspielraum: Ölpreis
Leschus, Leon - In: Wirtschaftsdienst 91 (2011) 3, pp. 154
Persistent link: https://www.econbiz.de/10010290242
Cover Image
Global commodity cycles and linkages a FAVAR approach
Lombardi, Marco J.; Osbat, Chiara; Schnatz, Bernd - 2010
In this paper we examine linkages across non-energy commodity price developments by means of a factor-augmented VAR model (FAVAR). From a set of non-energy commodity price series, we extract two factors, which we identify as common trends in metals and a food prices. These factors are included...
Persistent link: https://www.econbiz.de/10011605216
Cover Image
The impact of monetary policy shocks on commodity prices
Anzuini, Alessio; Lombardi, Marco J.; Pagano, Patrizio - 2010
overwhelmingly large. This finding is also confirmed under different identification strategies for the monetary policy shock. …
Persistent link: https://www.econbiz.de/10011605278
Cover Image
Incomplete information, credibility and the Core
Dutta, Bhaskar; Vohra, Rajiv - 2001
An appropriate (interim) notion of the core for an economy with incomplete information depends on the amount of information that coalitions can share. The coarse and fine core, as originally defined by Wilson (1978), correspond to two polar cases, involving no information sharing and arbitrary...
Persistent link: https://www.econbiz.de/10010318931
Cover Image
Informational lobbying under the shadow of political pressure
Dahm, Matthias; Porteiro, Nicolás - 2005
We examine the incentives of an interest group to provide verifiable policy-relevant information to a political decision-maker and to exert political pressure on her. We show that both lobbying instruments are interdependent. In our view information provision is a risky attempt to affect the...
Persistent link: https://www.econbiz.de/10010266260
Cover Image
Inflation targeting, credibility and non-linear Taylor rules
Neuenkirch, Matthias; Tillmann, Peter - 2012
-)establish credibility, optimal monetary policy under discretion is shown to set higher interest rates today if average inflation exceeded … term in the central bank's optimal instrument rule, which we refer to as the credibility loss. Augmenting a standard Taylor … seven central banks and that this influence is economically meaningful. A deteroriation in credibility forces central …
Persistent link: https://www.econbiz.de/10010294449
Cover Image
Warum Staaten Ökosteuern statt Lizenzen einführen, und wann das schlecht für die Wohlfahrt ist
Haucap, Justus; Kirstein, Roland - 2002
ecological ones. Taxes solve the credibility problem a monopoly supplier of licenses would face, and lead to a suboptimal low …
Persistent link: https://www.econbiz.de/10010296969
Cover Image
Monetary target announcements, reputation and hysteresis
Grüner, Hans Peter - 1994
Two signaling games of monetary policy are considered: game one examines the effect of hysteresis on the labor market on the results of the repeated monetary policy game. Disciplinary effects of reputation disappear in presence of hysteresis. The second game compares weifare effects of monetary...
Persistent link: https://www.econbiz.de/10010397973
Cover Image
The Credibility of Certifiers
Stolper, Anno - 2011
It is often argued that certifiers have an incentive to offer inflated certificates, although they deny it. In this paper, we study a model in which a certifier is paid by sellers, and may offer them inflated certificates, but incurs costs if doing so. We find that the certifier may face a...
Persistent link: https://www.econbiz.de/10010427598