Direkt zum Inhalt

Suche

clear
0 Filter gewählt
close
Gehe zur Seite
remove add
1338 Ergebnisse, ab 1241
  • Diskussionspapiere 917 / 2009

    Does the ECB Rely on a Taylor Rule? Comparing Ex-post with Real Time Data

    We assess the differences that emerge in Taylor rule estimations for the ECB when using ex-post data instead of real time forecasts and vice versa. We argue that previous comparative studies in this field mixed up two separate effects. First, the differences resulting from the use of ex-post and real time data per se and, second, the differences emerging from the use of non-modified real time data ...

    2009| Ansgar Belke, Jens Klose
  • Referierte Aufsätze Web of Science

    The Dynamics of European Inflation Expectations

    We investigate the relevance of Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). In contrast to the most rational expectation models, households in the sticky information environment update their expectations occasionally rather than instantaneously due to the costs of acquiring and processing information. ...

    In: The B.E. Journal of Macroeconomics 8 (2008), 1, Article 12 | Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Diskussionspapiere 813 / 2008

    Money Velocity and Asset Prices in the Euro Area

    Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In fact, a rise in the income elasticity after 2001 can be observed, and ...

    2008| Christian Dreger, Jürgen Wolters
  • FINESS Working Papers 7.1b / 2008

    Money Velocity and Asset Prices in the Euro Area

    Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In fact, a rise in the income elasticity after 2001 can be observed, and ...

    2008| Christian Dreger, Jürgen Wolters
  • DIW Wochenbericht 46 / 1996

    Kurskorrektur auf dem Weg nach Maastricht erforderlich

    1996| Gustav Adolf Horn, Rudolf Zwiener
  • DIW Wochenbericht 7 / 2003

    Reform der geldpolitischen Strategie der Europäischen Zentralbank

    Über die geldpolitische Strategie der Europäischen Zentralbank (EZB) ist in den vier Jahren ihres Bestehens vielfach diskutiert worden. Für dieses Jahr plant nun die EZB selbst eine Überprüfung ihrer Zwei-Säulen-Strategie. Um den Marktteilnehmern eine eindeutige Richtschnur zu geben, sollte die EZB ein Inflationsziel explizit festlegen. Die Bedeutung einer "strukturellen" Inflation (Balassa-Samuelson-Effekt) ...

    2003| Kirsten Lommatzsch, Silke Tober
  • Externe Monographien

    The Balassa-Samuelson Effect in Central and Eastern Europe: Myth or Reality?

    Ann Arbor, MI: The William Davidson Institute, 2002, 29 S.
    (William Davidson Working Paper ; 483)
    | Balázs Égert, Imed Drine, Kirsten Lommatzsch, Christophe Rault
  • Weitere referierte Aufsätze

    Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-Run Divergence? Results from a Comparison with the USA and Germany

    In: International Economics and Economic Policy 5 (2008), 3, S. 269-295 | Sebastian Dullien, Ulrich Fritsche
  • Referierte Aufsätze Web of Science

    Sticky Information Phillips Curves: European Evidence

    We estimate the Sticky Information Phillips Curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany, and the United Kingdom are updated about once a year, while in Italy, about once each 6 months.

    In: Journal of Money, Credit and Banking 40 (2008), 7, S. 1513-1519 | Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
  • Diskussionspapiere 879 / 2009

    Multi-Factor Gegenbauer Processes and European Inflation Rates

    In this paper we specify a multi-factor long-memory process that enables us to estimate the fractional differencing parameters at each frequency separately, and adopt this framework to model quarterly prices in three European countries (France, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the former country this applies both ...

    2009| Guglielmo Maria Caporale, Luis A. Gil-Alana
1338 Ergebnisse, ab 1241
keyboard_arrow_up