Showing 1 - 10 of 86
Persistent link: https://www.econbiz.de/10013185742
We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on counterfactual interest rate paths that would have materialised in the absence of the policies, the macroeconomic effects are measured using structural vector autoregressions. In the...
Persistent link: https://www.econbiz.de/10012622376
Persistent link: https://www.econbiz.de/10014252373
Persistent link: https://www.econbiz.de/10014521308
Persistent link: https://www.econbiz.de/10014521297
This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook …. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation … long-horizons. Overall, the NKPC is a useful tool for monitoring euro area inflation outlook. Thanks to its fast and light …
Persistent link: https://www.econbiz.de/10012622377
Persistent link: https://www.econbiz.de/10000398892
Persistent link: https://www.econbiz.de/10012806577
Persistent link: https://www.econbiz.de/10012806586
Persistent link: https://www.econbiz.de/10012296695