", V.V. ", Philip R. Lane & Gian M Milesi-Ferretti, 2014. ", Refet S Gürkaynak & Andrew Levin & Eric Swanson, 2010. The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look back on the ECB’s record and learn lessons that can improve the conduct of policy in the future. ", Miguel García-Posada & Marcos Marchetti, 2015. Learners find out about the economics of developed and developing nations and how these interrelate. Companies are registered in England and Wales with company registration numbers 09232733 & 04699701. ", Stephanie Schmitt-Grohe & Martin Uribe, 2002. They will also learn to handle simple data and undertake […] ", D'Amico, Stefania & English, William & López-Salido, J David & Nelson, Edward, 2012. ", Jeffrey R. Campbell & Charles L. Evans & Jonas D.M. ", Robert E. Lucas, Jr. & Nancy L. Stokey, 1985. © Infopro Digital Risk (IP) Limited (2020). They are published to stimulate discussion and contribute to the advancement of our knowledge of economic matters. ", Carlo Altavilla & Marco Pagano & Saverio Simonelli, 2016. ", Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2011. G�� ͚T�A��6*Ѡ�4(ͣP���$�t�AI*�A$R���x_B������]]W���k�� ` @�X ( �2 �8�z:.���_Jt�)�ŅS^A���2�W�W�kF�YAM����G�%y|(7B�����G�!�sR�Ds��� jG��(�̘�icD �KQ/AQ��2I��>={�$�r�����C_�QY�5�,� �M�7��m�S;�j�stGz�X�E�l(Z�./CW���G>ic���H/���2��6��a�2 �����X��NUIa�q^� V�.o��Vs?�Th���&���NS1֐�m�������!���^A�)�-��w{+� ��C��X��[;HkX+�Jq�&�Fv��3��\���Ή����*�|��cMb8NO|�Q5�&���JɛR�����ie�]��5b���

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", Frank Smets & Kai Christoffel & Günter Coenen & Roberto Motto & Massimo Rostagno, 2010. ", Campbell, John Y. ", Rao Aiyagari, S. & Gertler, Mark, 1985. %PDF-1.6 %���� Should the ECB follow the Fed in adopting a dual mandate? According to a European Central Bank (ECB) working paper, global central banks’ independence appears to be at risk due to political pressures, as cited by Bloomberg. ", Stephanie Schmitt-Grohe & Martin Uribe, 2001. ", Benhabib, Jess & Schmitt-Grohe, Stephanie & Uribe, Martin, 2001. ", Christoph Trebesch & Jeromin Zettelmeyer, 2014. ", Klaus Masuch & Sergio Nicoletti-Altimari & Massimo Rostagno & Huw Pill, 2003. ", Jef Boeckx & Maarten Dossche & Gert Peersman, 2017. ", Lawrence J. Christiano & Roberto Motto & Massimo Rostagno, 2004. ", Altavilla, Carlo & Brugnolini, Luca & Gürkaynak, Refet S. & Motto, Roberto & Ragusa, Giuseppe, 2019. They are intended to make results of NBER research available to other economists in preliminary form to encourage discussion and suggestions for revision before publication. This allows to link your profile to this item. Firms with stickier prices set higher markups, and monetary policy shocks raise markup dispersion and lower aggregate productivity. ", James H. Stock & Mark W. Watson, 1999. ", Kliem, Martin & Meyer-Gohde, Alexander, 2019. ", Aubhik Khan & Robert G. King & Alexander L. Wolman, 2002. ", Christiaan Pattipeilohy & Jan Willem van den End & Mostafa Tabbae & Jon Frost & Jakob de Haan, 2013. ", Carlo Altavilla & Domenico Giannone, 2014. ", Acharya, Viral V & Eisert, Tim & Eufinger, Christian & Hirsch, Christian, 2017. Consequences of the Largest Liquidity Injection Ever, Optimal fiscal and monetary policy under imperfect competition, Optimal Fiscal and Monetary Policy under Imperfect Competition, Optimal Fiscal and Monetary Policy Under Imperfect Competition, Is the Phillips Curve Alive and Well after All? consequences of the largest liquidity injection ever, The (unintended?)

16/08/2018 : O Level  Economics 2018 Past Papers Of  March and May are updated. Subscribe to this free journal for more curated articles on this topic FOLLOWERS. ", Acharya, Viral & Eisert, Tim & Eufinger, Christian & Hirsch, Christian, 2017.

Downloadable! Please contact [email protected] to find out more. ", Coenen, Guenter & Wieland, Volker, 2003. ", Neuenkirch, Matthias & Tillmann, Peter, 2014. ", Jean-Guillaume Sahuc & Sarah Mouabbi, 2019. ", Eisenschmidt, Jens & Kedan, Danielle & Schmitz, Martin & Adalid, Ramón & Papsdorf, Patrick, 2017. ", Arvind Krishnamurthy & Stefan Nagel & Annette Vissing-Jorgensen, 2017. ", Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015. ", Sarah Mouabbi & Jean‐Guillaume Sahuc, 2019.

", Matthias Neuenkirch & Peter Tillmann, 2012. ECB Working Paper Series No 2427 / June 2020 3. our empirical findings. 1418 0 obj <>/Filter/FlateDecode/ID[]/Index[1401 124]/Info 1400 0 R/Length 100/Prev 1232075/Root 1402 0 R/Size 1525/Type/XRef/W[1 3 1]>>stream ", Eser, Fabian & Karadi, Peter & Lane, Philip R. & Moretti, Laura & Osbat, Chiara, 2020. ", Carlo Altavilla & Miguel Boucinha & José-Luis Peydró, 2017. Nominal price rigidity, money supply endogeneity, and business cycles, An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area, An estimated dynamic stochastic general equilibrium model of the euro area, Central Bank Independence : a speech at the 2015 Herbert Stein Memorial Lecture National Economists Club, Washington, D.C., November 4, 2015, The Eurosystem’s asset purchase programme and TARGET balances, Monopolistic Price Adjustment and Aggregate Output, The expectations hypothesis of the term structure when interest rates are close to zero, The backing of government bonds and monetarism, Rules Rather Than Discretion: The Inconsistency of Optimal Plans, Staggered prices in a utility-maximizing framework, Declarations Are Not Enough: Financial Sector Sources of Central Bank Independence, NBER Macroeconomics Annual 1995, Volume 10, Interest rate setting and communication at the ECB, Drivers of Bank Default Risk: Bank Business Models, the Sovereign and Monetary Policy, Encompassing monetary policy strategy review, Rostagno, Massimo & Altavilla, Carlo & Carboni, Giacomo & Lemke, Wolfgang & Motto, Roberto & Saint Guilhem, Arthur & Yiangou, Jonathan, 2019.

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