Topic Monetary Policy

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561 results, from 501
  • Diskussionspapiere 571 / 2006

    The Dynamics of European Inflation Expectations

    We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the dynamics of household inflation expectations. We estimate two alternative parametrizations of the sticky information ...

    2006| Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Diskussionspapiere 585 / 2006

    The Svensson versus McCallum and Nelson Controversy Revisited in the BMW Framework

    This note shows that the Svensson versus McCallum and Nelson controversy battled in the Federal Reserve Bank of St. Loius Review (September/ October 2005) can be mapped into a static version of a New Keynesian macro model that consists of an IS-equation, a Phillips curve and an inflation targeting central bank (e.g., Bofinger, Mayer, Wollmershäuser, (2006); Walsh (2002)). As a contribution to literature ...

    2006| Peter Bofinger, Eric Mayer
  • Externe Monographien

    Informed Capital in a Hostile Environment: The Case of Relational Investors in Germany

    Freiberg: Technische Universität Bergakademie, 2006, 23 S.
    (Freiberg Working Papers / Technical University Bergakademie Freiberg, Faculty of Economics and Business Administration ; 03/2006)
    | Dorothea Schäfer, Dirk Schilder
  • Sonstige Publikationen des DIW / Monographien

    Analysis of Contemporary Budget Federalism Models Based on Economic and Social Effectiveness of Inter-Budgetary Relations: Theory, Experiences in OECD Countries, and Analysis for Russia

    2005| Ulrich Thießen
  • Refereed essays Web of Science

    Declining Output Volatility in Germany: Impulses, Propagation and the Role of Monetary Policy

    The decline in output volatility in Germany is analysed. A lower level of variance in an autoregressive model of output growth can be either due to a change in the structure of the economy (a change in the propagation mechanism) or a reduced error term variance (reduced impulses). In Germany the decline output volatility is due to a decline in the persistence of the growth process. This is in contrast ...

    In: Applied Economics 37 (2005), 21, S. 2445-2457 | Ulrich Fritsche, Vladimir Kuzin
  • Externe Monographien

    European Inflation Expectations Dynamics

    Frankfurt (Main): Deutsche Bundesbank, 2005, 46 S.
    (Discussion Paper Series 1 : Economic Studies ; 37/2005)
    | Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Externe Monographien

    Targeting Relative Inflation Forecast as Monetary Policy Framework for Adopting the Euro

    Ann Arbor, Mich.: William Davidson Inst., 2005, 26 S.
    (William Davidson Institute Working Paper ; 754)
    | Lucjan T. Orlowski
  • Refereed essays Web of Science

    Assessing Leading Indicators for the EMU Area from a Practitioner's Perspective

    In this paper, the empirical relevance of the credit channel for the explanation of monetary policy transmission in Germany during the period from 1985 to 1998 is analyzed. While existing studies of the credit channel rely mostly on the analysis of monetary policy effects on balance sheet items, both quantities and financing costs are considered here. Using vector autoregressive models, impulse response ...

    In: Applied Economics Quarterly 49 (2003), 4, S. 339-358 | Ulrich Fritsche, Vladimir Kuzin, Felix Marklein
  • Diskussionspapiere 397 / 2004

    Asymmetric Monetary Policy Effects in Germany

    In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the economy is in an upswing or a downswing. These two different regimes are also identified using a Markov-switching model and the Kalman filter. Our results indicate that the effects of monetary policy are significantly higher in a downswing than in an upswing. It follows not only that ...

    2004| Vladimir Kuzin, Silke Tober
  • Diskussionspapiere 433 / 2004

    Declining Output Volatility in Germany: Impulses, Propagation, and the Role of Monetary Policy

    This paper investigates the effect of economic integration on the ability of firms to maintain a collusive understanding about staying out of each other's markets. The paper distinguishes among different types of trade costs: ad valorem, unit, fixed. It is shown that for a sufficient reduction of ad valorem trade costs, a cartel supported by collusion on either quantities or prices will be weakened, ...

    2004| Ulrich Fritsche, Vladimir Kuzin
561 results, from 501
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