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Topic Monetary Policy

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290 results, from 191
  • Seminar

    When and Why Can Forward Guidance De-anchor Expectations? (with Gaetano Gaballo, Peter Hoffmann and Georg Strasser)

    The form of forward guidance matters for its effectiveness in anchoring expectations about the future path of policy rates. We report cross-country evidence about the impact of different types of forward guidance on the reactiveness of markets to macroeconomic news and on disagreement across forecasters, and show that timecontingent forward guidance over a short horizon and open-ended forward...

    24.10.2018| Michael Ehrmann, European Central Bank
  • Seminar

    "A Schumpeterian Model of Top Income Inequality"

    Top income inequality rose sharply in the United States over the last 40 years but increased only slightly in economies like France and Japan. Why? This paper explores a model in which heterogeneous entrepreneurs, broadly interpreted, exert effort to generate exponential growth in their incomes. On its own, this force leads to rising inequality. Creative destruction by outside innovators restrains...

    17.10.2018| Jihee Kim, Korea Advanced Institute of Science and Technology
  • Weekly Report

    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 ...

    19.09.2018| Alexander Kriwoluzky, Malte Rieth
  • DIW Europe Lecture

    Strengthening the Euro Area Architecture

    The DIW Europe Lecture is a lecture series by leading policy-makers and academics on the future of Europe. The series aims at fostering and informing the debate on key European policy issues, and at bringing this debate to the heart of Germany's policy-making in Berlin.  Following an outstanding private sector career in which she had served as the first Chairwoman of the international law...

    26.03.2018| Christine Lagarde
  • Seminar

    The Re-Emerging Privilege of Euro Area Membership

    09.03.2018| Johannes Wiegand, IMF
  • Research Project

    Bank lending under BASEL III: The contribution of unconventional monetary policy

    Completed Project| Macroeconomics
  • Vierteljahrshefte zur Wirtschaftsforschung 4 / 2018

    European Banking Landscape between Diversity, Competition and Concentration

    2018| Hans-Helmut Kotz, Dorothea Schäfer
  • DIW Weekly Report 43 / 2018

    A Sustainable Development of Inflation in Euro Area Requires Continuously Improving Labor Market

    In the past five years, the inflation in the euro area has been well below the European Central Bank’s (ECB) aimed inflation rate of close to but below two percent for achieving its objective of price stabilization in the medium term. The present analysis shows that expectations of low inflation, rising cyclical unemployment, and external factors such as low crude oil prices were responsible. In the ...

    2018| Geraldine Dany-Knedlik
  • DIW Berlin - Politikberatung kompakt 130 / 2018

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

    2018| Kerstin Bernoth, Alexander Haas
  • 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
290 results, from 191