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Topic Monetary Policy

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293 results, from 201
  • DIW Berlin - Politikberatung kompakt 130 / 2018

    Negative Interest Rates and the Signalling Channel: In-Depth Analysis

    2018| Kerstin Bernoth, Alexander Haas
  • Diskussionspapiere 1749 / 2018

    Monetary Policy, External Instruments and Heteroskedasticity

    We develop a structural vector autoregressive framework that combines external instruments and heteroskedasticity for identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing the relevance and exogeneity condition for instruments separately using likelihood ratio tests, and facilitates the economic interpretation of the ...

    2018| Thore Schlaak, Malte Rieth, Maximilian Podstawski
  • Vierteljahrshefte zur Wirtschaftsforschung 4 / 2018

    European Banking Landscape between Diversity, Competition and Concentration

    2018| Hans-Helmut Kotz, Dorothea Schäfer
  • Diskussionspapiere 1755 / 2018

    Monetary Policy and Inflation Dynamics in ASEAN Economies

    This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips Curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring ...

    2018| Geraldine Dany-Knedlik, Juan Angel Garcia
  • DIW Weekly Report 38/39 / 2018

    Policy Responses to Turkey’s Crisis: Independent Central Bank and International Credit

    The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate further. The influx of foreign capital would dry up as well. Conservative estimates show that the country’s ...

    2018| Alexander Kriwoluzky, Malte Rieth
  • Externe Monographien

    Model Selection Methods for Panel Vector Autoregressive Models

    Berlin: FU Berlin, 2018, 135, XXXVI S. | Annika Schnücker
  • Externe Monographien

    Inflation Expectations and the Recovery from the Great Depression in Germany

    A regime shift towards increased in inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation expectations play at the start of this remarkable economic upturn? To answer this question, we study inflation expectations in Germany across two different methods: ...

    Berlin: HU Berlin, 2018, 45 S.
    (Working Papers of the Priority Programme 1859 "Experience and Expectation: Historical Foundations of Economic Behaviour" ; 6)
    | Volker Daniel, Lucas ter Steege
  • Refereed essays Web of Science

    Monetary Policy and Defaults in the United States

    This paper uses a structural VAR model to study the effect of monetary policy on the delinquency rate of business loans and consumer credit. The VAR is identified using, jointly, several external instruments that reflect different approaches from the literature. Delinquency rates, defined as the rate of loans with overdue repayments relative to total loans, are found to decrease in response to an exogenous ...

    In: International Journal of Central Banking 14 82018), 4, S. 327-358 | Michele Piffer
  • DIW Weekly Report 12 / 2018

    German and Euro Area Economies Will Benefit from a U.S. Interest Rate Hike in the Short Term

    To accompany the economic upturn in the U.S., the Federal Reserve Bank has been raising its benchmark interest rate incrementally. In an increasingly globalized world in which the American economy plays a key role, an action like this has spillover effects on the international level. Based on a dynamic factor model, the present study shows that the member states of the euro area—Germany in particular—can ...

    2018| Max Hanisch
  • Zeitungs- und Blogbeiträge

    Foreign Exchange Interventions: Frequent and Effective

    In: VoxEU.org (30.06.2016), [Online-Artikel] | Marcel Fratzscher, Lukas Menkhoff, Lucio Sarno, Tobias Stöhr
293 results, from 201
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