Similar Search Results

House Prices and the stance of Monetary Policy.

Jarociński, Marek; Smets, Frank - 2008

This paper estimates a Bayesian VAR for the US economy which includes a housing sector and addresses the following questions. Can developments in the housing sector be explained on the basis of developments in real and nominal GDP and interest rates? What are the effects of housing demand shocks...

Persistent link: https://www.econbiz.de/10011604937

Real wages and monetary policy transmission in the euro area

McCallum, Andrew; Smets, Frank - 2007

We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...

Persistent link: https://www.econbiz.de/10010260595

Output gaps:theory versus practice

Wouters, Raf; Smets, Frank - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005706803

Real wages and monetary policy transmission in the euro area

McCallum, Andrew; Smets, Frank - Institut für Weltwirtschaft (IfW) - 2007

Persistent link: https://www.econbiz.de/10005818845

House Prices and the Stance of Monetary Policy

Jarocinski, Marek - 2008

Persistent link: https://www.econbiz.de/10012772116

Real Wages and Monetary Policy Transmission in the Euro Area

McCallum, Andrew H. - 2011

Persistent link: https://www.econbiz.de/10013117851

Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

Persistent link: https://www.econbiz.de/10011606198

The first twenty years of the European Central Bank: Monetary policy

Hartmann, Philipp; Smets, Frank - 2018

On 1 June 2018 the ECB celebrated its 20th anniversary. This paper provides a comprehensive view of the ECB's monetary policy over these two decades. The first section provides a chronological account of the macroeconomic and monetary policy developments in the euro area since the adoption of...

Persistent link: https://www.econbiz.de/10012142063

Inflation persistence and price-setting behaviour in the euro area: a summary of the Inflation Persistence Network evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

Persistent link: https://www.econbiz.de/10011506617

Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …

Persistent link: https://www.econbiz.de/10011622329

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