Author: Ignazio Angeloni
Publisher: Cambridge University Press
ISBN: 1139438816
Category : Business & Economics
Languages : en
Pages : 515
Book Description
This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.
Monetary Policy Transmission in the Euro Area
Author: Ignazio Angeloni
Publisher: Cambridge University Press
ISBN: 1139438816
Category : Business & Economics
Languages : en
Pages : 515
Book Description
This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.
Publisher: Cambridge University Press
ISBN: 1139438816
Category : Business & Economics
Languages : en
Pages : 515
Book Description
This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.
Monetary Policy Transmission in the Euro Area
Author: Ignazio Angeloni
Publisher: Cambridge University Press
ISBN: 9780521828642
Category : Business & Economics
Languages : en
Pages : 522
Book Description
A systematic analysis of the impact of European Central Bank monetary policy on Eurozone national economies, first published in 2003.
Publisher: Cambridge University Press
ISBN: 9780521828642
Category : Business & Economics
Languages : en
Pages : 522
Book Description
A systematic analysis of the impact of European Central Bank monetary policy on Eurozone national economies, first published in 2003.
Transmission of Shocks and Monetary Policy in the Euro Area
Author: Eva Ortega
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 84
Book Description
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 84
Book Description
Transmission of Shocks and Monetary Policy in the Euro Area' an Exercise With Nigem
Author: Enrique Alberola
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Global macroeconometric models can be a powerful tool for economic analysis and forecasting in various scenarios. This paper analyses the NiGEM model and its application to the euro area, placing particular emphasis on the study of the relative situation of the member countries' economies. The findings of the paper show that NiGEM provides for different reactions by the European economies to common exchange- and interest-rate changes, owing to their different economic structures. Notwithstanding the potential interest of these findings, the design and evaluation of shocks in NiGEM may be seen to call for a high degree of caution if NiGEM is to be considered a reliable and useful instrument.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Global macroeconometric models can be a powerful tool for economic analysis and forecasting in various scenarios. This paper analyses the NiGEM model and its application to the euro area, placing particular emphasis on the study of the relative situation of the member countries' economies. The findings of the paper show that NiGEM provides for different reactions by the European economies to common exchange- and interest-rate changes, owing to their different economic structures. Notwithstanding the potential interest of these findings, the design and evaluation of shocks in NiGEM may be seen to call for a high degree of caution if NiGEM is to be considered a reliable and useful instrument.
The Monetary Transmission Process
Author: D. Bundesbank
Publisher: Springer
ISBN: 0230595995
Category : Business & Economics
Languages : en
Pages : 329
Book Description
The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.
Publisher: Springer
ISBN: 0230595995
Category : Business & Economics
Languages : en
Pages : 329
Book Description
The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.
The Transmission of Monetary Policy Shocks from the US to the Euro Area
Author: Stefano Neri
Publisher:
ISBN:
Category : Euro-dollar market
Languages : en
Pages : 56
Book Description
Publisher:
ISBN:
Category : Euro-dollar market
Languages : en
Pages : 56
Book Description
Monetary Policy Transmission in Emerging Markets and Developing Economies
Author: Mr.Luis Brandao-Marques
Publisher: International Monetary Fund
ISBN: 1513529730
Category : Business & Economics
Languages : en
Pages : 54
Book Description
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
Publisher: International Monetary Fund
ISBN: 1513529730
Category : Business & Economics
Languages : en
Pages : 54
Book Description
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
The Transmission of Euro Area Monetary Policy to Financially Euroised Countries
Author:
Publisher:
ISBN: 9789289948647
Category :
Languages : en
Pages :
Book Description
This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on the transmission channels of monetary policy spillovers. The results suggest that in the long run, more than one third of all euro retail rates in euroised countries of central, eastern and south-eastern Europe (CESEE) are linked to the euro area shadow rate. Compared to euro area monetary policy, the share of cointegration of the domestic monetary policy rate is lower, suggesting that domestic central banks in euroised countries with independent monetary policy can only partially control the `euro part' of the interest rate channel. Furthermore, euro area monetary policy shocks are fast and persistently transmitted into euro retail rates outside the euro area, which constitutes an additional channel of international shock transmission.
Publisher:
ISBN: 9789289948647
Category :
Languages : en
Pages :
Book Description
This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on the transmission channels of monetary policy spillovers. The results suggest that in the long run, more than one third of all euro retail rates in euroised countries of central, eastern and south-eastern Europe (CESEE) are linked to the euro area shadow rate. Compared to euro area monetary policy, the share of cointegration of the domestic monetary policy rate is lower, suggesting that domestic central banks in euroised countries with independent monetary policy can only partially control the `euro part' of the interest rate channel. Furthermore, euro area monetary policy shocks are fast and persistently transmitted into euro retail rates outside the euro area, which constitutes an additional channel of international shock transmission.
The International Transmission of Euro Area Monetary Policy Shocks
Has the Monetary Transmission Process in the Euro Area Changed?
Author: Axel A. Weber
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 70
Book Description
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 70
Book Description