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This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...
Persistent link: https://www.econbiz.de/10009636538
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...
Persistent link: https://www.econbiz.de/10009635882
This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
Persistent link: https://www.econbiz.de/10009635957
Persistent link: https://www.econbiz.de/10009686312
Le processus d'élaboration de la constitution tunisienne a été enclenché au lendemain d'élections démocratiques et … constitution et l'équilibre des pouvoirs, il s'est aussi avéré être un vecteur civique essentiel à l'enracinement de la culture … démocratique grâce, entres autres, à la vigilance de la société civile. Initialement chargée d'élaborer la constitution, l …
Persistent link: https://www.econbiz.de/10011857875
The paper examines the position of the Czech Government at the final session of the Intergovernmental Conference (ICG) on 12 December 2003 in Brussels. The Czech Government was keen to show that the Czechs did not have any "red lines" in the negotiations. The issue of full representation in the...
Persistent link: https://www.econbiz.de/10009636892
The paper analyses the national debate on the future of Europe in the candidate countries from Central and Eastern Europe. The positions taken by representatives of governments and national parliaments at the European Convention show that divergences in the EU integration process do not occur...
Persistent link: https://www.econbiz.de/10009636917
It seems that the smaller Member States should not be very happy with the draft Constitution presented at the …
Persistent link: https://www.econbiz.de/10009636942
On 1 May 2004 the EU will enlarge to 25 member states. Member states are uncertain what they will gain or lose from enlargement and they are concerned about the implications for the functioning of the EU. Talk is even of enlargement as a u0093leap in the darku0094. The reports in this study deal...
Persistent link: https://www.econbiz.de/10009636944
Persistent link: https://www.econbiz.de/10009638455