Haku
Viitteet 1-5 / 5
Anchoring of inflation expectations in the euro area : recent evidence based on survey data
(15.11.2016)
European Journal of Political Economy January
European Journal of Political Economy January
This article analyses the anchoring of inflation expectations of professional forecasters and consumers in the euro area. We study anchoring, defined as the central bank's ability to manage expectations, by paying special ...
Real-time uncertainty in budget planning : evidence from euro area countries
(15.10.2018)
Journal of Economic Policy Reform 4
Journal of Economic Policy Reform 4
Using rich panel data including potential output for euro area countries, we analyse budget balance forecasts and their errors. We find that budget balance forecasts are systematically biased and subject to mean reversion ...
On the formation of inflation expectations in turbulent times: The case of the euro area
(22.01.2018)
Economic Modelling June
Economic Modelling June
Studying formation of inflation expectations in the euro area we propose a novel method, integrating rational, adaptive and sticky-information models. We find that in recent turbulent times, formation of inflation expectations ...
Comparing Fiscal Consolidation Multipliers across Models in Europe
(15.09.2019)
International Journal of Central Banking September 2019
International Journal of Central Banking September 2019
This paper employs fifteen dynamic macroeconomic models maintained within the European System of Central Banks to assess the macroeconomic effects of a temporary fiscal tightening when the zero lower bound (ZLB) on monetary ...
Banking Crisis Prediction with Differenced Relative Credit
(02.12.2019)
Applied Economics Quarterly 4
Applied Economics Quarterly 4
Indicators based on the ratio of credit to GDP have been found to be highly useful predictors of banking crises. Differences in this ratio seem a highly promising early warning indicator. We test a large number of slightly ...