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How large is the stress from the common monetary policy in the Euro area? : conference paper
Quint, Dominic - 2014
The ECB's one size monetary policy is unlikely to fit all euro area members, which raises a discussion about how much monetary policy stress this causes at the national level. We measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied optimal...
Persistent link: https://www.econbiz.de/10010483271
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The macroeconomic effects of monetary policy : a new measure for the United Kingdom ; conference paper
Cloyne, James; Hürtgen, Patrick - 2014
inflation by up to 1.0 percentage point after two to three years. Our approach resolves the price puzzle for the UK and we show …
Persistent link: https://www.econbiz.de/10010481311
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Exchange rate and price dynamics at the zero lower bound : conference paper
Bäurle, Gregor; Kaufmann, Daniel - 2013
permanent shifts of the exchange rate and the price level if a central bank anchors long-run inflation expectations. In line …-run price level target rather than a long-run inflation target avoids these permanent shifts of the exchange rate and the price …
Persistent link: https://www.econbiz.de/10010340556
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Cross sectional evidence on the relation between monetary policy, macroeconomic conditions and low-frequency inflation uncertainty : conference paper
Conrad, Christian; Hartmann, Matthias - 2014 - Preliminary draft
In this study, we examine how the interaction between monetary policy and macroeconomic conditions affects inflation … uncertainty in the long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving unconditional … variance component of inflation in the framework of the semiparametric Spline-GARCH model (Engle and Rangel, 2008). For a cross …
Persistent link: https://www.econbiz.de/10010486628
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Central banking and monetary policy : what will be the post-crisis new normal?
Capie, Forrest; Cukierman, Alex; Haan, Jakob de; … - SUERF/BAFFI CAREFIN Centre Conference Central Banking …; … - 2016
changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards … fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long …
Persistent link: https://www.econbiz.de/10011554981
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New paradigms in monetary theory and policy?
Balling, Morten (ed.); Orphanides, Athanasios (ed.) - New Paradigms in Money and Finance? <Veranstaltung> …; … - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium "New Paradigms in Money and Finance?". All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011711450
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The ESRB at 1
Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011711529
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Euroland: Erholung gewinnt allmählich an Fahrt : Thesen zum Kieler Konjunkturgespräch ; 67. Kieler Konjunkturgespräch, 17./18. März 2003
Gern, Klaus-Jürgen; Kamps, Christophe; Meier, … - 2003
Persistent link: https://www.econbiz.de/10001736715
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"Haircuts" for the EMU periphery : virtue or vice? ; conference paper
Neck, Reinhard; Blüschke, Dmitri - 2013 - Preliminary version
We use a dynamic game model of a two-country monetary union to study the impacts of an exogenous fall in aggregate demand, the resulting increase in public debt, and the consequences of a sovereign debt haircut for a member country or bloc of the union. In this union, the governments of...
Persistent link: https://www.econbiz.de/10010340564
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Euroland: Konjunktur verliert wieder an Fahrt : Thesen zum Kieler Konjunkturgespräch ; 70. Kieler Konjunkturgespräch, 27./28. September 2004
Benner, Joachim; Carstensen, Kai; Gern, Klaus-Jürgen; … - 2004
Persistent link: https://www.econbiz.de/10002227867