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Ioan-Franc, Valeriu; Pop, Napoleon; Diamescu, Andrei Marius - In: Amfiteatru economic : an economic and business research … 25 (2023) 63, pp. 610-624

The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...

Persistent link: https://www.econbiz.de/10014464256

The External Finance Premium in the Euro Area : A Useful Indicator for Monetary Policy?

Gelain, Paolo - 2010

ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …

Persistent link: https://www.econbiz.de/10013145340

The external finance premium in the euro area : a useful indicator for monetary policy?

Gelain, Paolo - 2010

ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in … ; Euro Area External Finance Premium ; Financial Accelerator ; Bayesian Estimation ; Inflation …

Persistent link: https://www.econbiz.de/10003972629

Euro Area Inflation Persistence

Batini, Nicoletta - 2021

This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … regime thereafter. Results based on alternative definitions of inflation persistence support these findings, although, they … suggest that a drop in German inflation persistence and a shift in the mean of inflation - particularly in Italy and France …

Persistent link: https://www.econbiz.de/10013320116

The case for central bank independence : a review of key issues in the international debate

Dall’Orto Mas, Rodolfo; Vonessen, Benjamin; Fehlker, … - 2020

This Occasional Paper analyses how significant expansions in central banks' mandates, roles and instruments can result in challenges to the independence of monetary policy. The paper reviews, in particular, some of the key challenges to central bank independence brought about by the global...

Persistent link: https://www.econbiz.de/10012298570

Persistence, the transmission mechanism and robust monetary policy

Angeloni, Ignazio; Coenen, Günter; Smets, Frank - 2003

In this paper we first explore the impact of nominal and real persistence on the transmission process of various shocks in an estimated DSGE model of euro area. We then analyse its impact on optimal monetary policy and investigate the performance of various monetary policies when the policy...

Persistent link: https://www.econbiz.de/10009635926

The natural real rate of interest in the euro area

Giammarioli, Nicola; Valla, Natacha - 2003

In this paper, we discuss the consequences of taking into account the variations of the natural real interest rate (r t *) in simple monetary policy rules. We also provide one possible model-based analysis of the level of r t * that has prevailed in the euro area since the early 1970s, and...

Persistent link: https://www.econbiz.de/10009635981

An estimated dynamic stochastic general equilibrium model of the Euro area

Smets, Frank; Wouters, Rafael - 2002

Persistent link: https://www.econbiz.de/10001708131

Forecasting with a Bayesian DSGE model : an application to the euro area

Smets, Frank; Wouters, Rafael - 2004

Persistent link: https://www.econbiz.de/10002231231

Optimal Monetary Policy and the Transmission of Oil-Supply Shocks to the Euro Area under Rational Expectations

Adjemian, Stephane; Darracq Pariès, Matthieu - 2009

mechanical influence on CPI inflation and wage dynamics through the indexation schemes. We also illustrate that any fine …-tuning strategy which tries to counteract the direct effects of oil-price changes in headline inflation would prove counterproductive … both in terms to stabilization of underlying inflation and by causing unnecessary volatility in the macroeconomic landscape …

Persistent link: https://www.econbiz.de/10014213432