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mit den Interventionserfahrungen von Emerging Markets. Geldpolitik in Emerging Markets zeichnet sich oftmals durch eine …
Persistent link: https://www.econbiz.de/10009433706
Identifying exogenous variation in monetary policy is crucial for investigating central bank policy transmission. Using newly-collected archival real-time data utilized by the Central Bank Council of the German Bundesbank, we identify unexpected changes in German monetary policy from 580 policy...
Persistent link: https://www.econbiz.de/10013412978
This paper develops an open economy portfolio balance model with endogenous asset supply. Domestic producers finance capital goods through credit and bonds in accordance with debt capital costs as well as through equity assets. Private households hold a portfolio of domestic and foreign assets,...
Persistent link: https://www.econbiz.de/10010311698
Assuming the eventual adoption of the Euro, the paper reviews the run-up and the medium run issues on the path towards the Euro. It shows that various policy options are possible, especially with respect to the exchange rate regime and management. It also shows the limits of monetary policy when...
Persistent link: https://www.econbiz.de/10010313315
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This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank in the 1930s is sometimes seen as an example of a central bank that was relatively innovative in terms of the conduct of monetary policy. To consider this analytically, we...
Persistent link: https://www.econbiz.de/10010316914
Geldpolitik kurzfristig nicht bindet und/oder mit gesamtwirtschaftlichen Restriktionen nicht konsistent ist, abgesehen von einer … osteuropäischen Reformstaaten sind deshalb flexible Wechselkurse zu empfehlen. Als nominaler Anker für die Geldpolitik kommt ein … Zentralbank und freiem Währungswettbewerb sollte langfristig angestrebt werden. Solange die Geldpolitik jedoch nicht tatsächlich …
Persistent link: https://www.econbiz.de/10010317769
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