Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Berlin
Freie Univ. Berlin, FB Wirtschaftswiss.
2014
|
| Schriftenreihe: | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
2014,13 : Economics |
| Schlagwörter: | |
| Links: | http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000020335 |
| Abstract: | The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of how much monetary policy stress this causes at the national level. I measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly take into account the natural rate of interest to capture changes in trend growth. I find that monetary policy stress within the euro area has been steadily decreasing prior to the recent financial crisis. Current stress levels are not only lower today than in the late 1990s, they are also in line with what is commonly observed among U.S. states or pre-euro German Länder. |
| Umfang: | 1 Online-Ressource (32 S.) graph. Darst. |
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| id | DE-604.BV042052884 |
| illustrated | Illustrated |
| indexdate | 2025-01-11T16:52:42Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027493934 |
| oclc_num | 915555284 |
| open_access_boolean | 1 |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | 1 Online-Ressource (32 S.) graph. Darst. |
| psigel | ebook |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Freie Univ. Berlin, FB Wirtschaftswiss. |
| record_format | marc |
| series | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin |
| series2 | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin |
| spelling | Quint, Dominic Verfasser (DE-588)1123515522 aut Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area Dominic Quint Berlin Freie Univ. Berlin, FB Wirtschaftswiss. 2014 1 Online-Ressource (32 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2014,13 : Economics The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of how much monetary policy stress this causes at the national level. I measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly take into account the natural rate of interest to capture changes in trend growth. I find that monetary policy stress within the euro area has been steadily decreasing prior to the recent financial crisis. Current stress levels are not only lower today than in the late 1990s, they are also in line with what is commonly observed among U.S. states or pre-euro German Länder. Europäische Zentralbank (DE-588)5287962-8 gnd rswk-swf Europäische Union (DE-588)5098525-5 gnd rswk-swf Inflation (DE-588)4026887-1 gnd rswk-swf Taylor-Regel (DE-588)4764048-0 gnd rswk-swf Wirtschafts- und Währungsunion (DE-588)4309802-2 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Europäische Union (DE-588)5098525-5 b Wirtschafts- und Währungsunion (DE-588)4309802-2 s Europäische Zentralbank (DE-588)5287962-8 b Geldpolitik (DE-588)4019902-2 s Taylor-Regel (DE-588)4764048-0 s Inflation (DE-588)4026887-1 s DE-188 Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2014,13 : Economics (DE-604)BV026641400 2014,13 http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000020335 kostenfrei Volltext |
| spellingShingle | Quint, Dominic Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin Europäische Zentralbank (DE-588)5287962-8 gnd Europäische Union (DE-588)5098525-5 gnd Inflation (DE-588)4026887-1 gnd Taylor-Regel (DE-588)4764048-0 gnd Wirtschafts- und Währungsunion (DE-588)4309802-2 gnd Geldpolitik (DE-588)4019902-2 gnd |
| subject_GND | (DE-588)5287962-8 (DE-588)5098525-5 (DE-588)4026887-1 (DE-588)4764048-0 (DE-588)4309802-2 (DE-588)4019902-2 |
| title | Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area |
| title_auth | Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area |
| title_exact_search | Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area |
| title_full | Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area Dominic Quint |
| title_fullStr | Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area Dominic Quint |
| title_full_unstemmed | Is it really more dispersed? Measuring and comparing the stress from the common monetary policy in the Euro area Dominic Quint |
| title_short | Is it really more dispersed? |
| title_sort | is it really more dispersed measuring and comparing the stress from the common monetary policy in the euro area |
| title_sub | Measuring and comparing the stress from the common monetary policy in the Euro area |
| topic | Europäische Zentralbank (DE-588)5287962-8 gnd Europäische Union (DE-588)5098525-5 gnd Inflation (DE-588)4026887-1 gnd Taylor-Regel (DE-588)4764048-0 gnd Wirtschafts- und Währungsunion (DE-588)4309802-2 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | Europäische Zentralbank Europäische Union Inflation Taylor-Regel Wirtschafts- und Währungsunion Geldpolitik |
| url | http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000020335 |
| volume_link | (DE-604)BV026641400 |
| work_keys_str_mv | AT quintdominic isitreallymoredispersedmeasuringandcomparingthestressfromthecommonmonetarypolicyintheeuroarea |