Central bank intervention in foreign exchange markets is a common tool to influence exchange rates. Although central bankers are convinced of their policy’s effectiveness, econometric estimates of precise effects differ across studies. The ...
Marcel Fratzscher, Präsident des DIW Berlin, kommentiert die neuesten Inflationszahlen im Euroraum wie folgt:
DIW-Präsident Marcel Fratzscher äußert sich zu den heutigen Änkündigungen der Europäischen Zentralbank:
DIW president Marcel Fratzscher on the European Central Bank's latest announcements:
We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) using data from 10/2004 through 12/2016. We apply a novel data ...
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
Zu den Ergebnissen der heutigen Sitzung des Rates der Europäischen Zentralbank (EZB) äußert sich DIW-Präsident Marcel Fratzscher wie folgt: