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Forecasting euro area inflation using targeted predictors: is money coming back?

Falagiarda, Matteo; Sousa, João - 2017

This paper sheds new light on the information content of monetary and credit aggregates for future price developments in the euro area. Overall, we find strong variation in the information content of these variables over time. We show that monetary and credit aggregates are very often selected...

Persistent link: https://www.econbiz.de/10011606060

Monetary Policy Transmission to Mortgages in a Negative Interest Rate Environment

Amzallag, Adrien - 2019

Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...

Persistent link: https://www.econbiz.de/10012892476

Forecasting real GDP: what role for narrow money?

Seitz, Franz; Brand, Claus; Reimers, Hans-Eggert - 2003

Persistent link: https://www.econbiz.de/10011604300

Central Bank misperceptions and the role of money in interest rate rules

Beck, Günter W.; Wieland, Volker - 2008

modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …

Persistent link: https://www.econbiz.de/10011605013

Money in monetary policy design: Monetary cross-checking in the New-Keynesian model

Wieland, Volker; Beck, Günter W. - 2010

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …

Persistent link: https://www.econbiz.de/10011605237

The information content of money and credit for US activity

Albuquerque, Bruno; Baumann, Ursel; Seitz, Franz - 2015

. Looking forward, an open question is whether this change in the relationship between money, credit, the term spread and …

Persistent link: https://www.econbiz.de/10011605848

Financial Factors in Economic Fluctuations

Christiano, Lawrence J.; Motto, Roberto; Rostagno, Massimo - 2021

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...

Persistent link: https://www.econbiz.de/10013316211