Federacja Bibliotek Cyfrowych

Homepage
Repozytorium Uniwersytetu Łódzkiego
Measuring the Natural Rates of Interest in Germany and Italy

Object's details: Measuring the Natural Rates of Interest in Germany and Italy

tile.noImage

Provider:Repozytorium Uniwersytetu Łódzkiego

Description

Title:
Measuring the Natural Rates of Interest in Germany and Italy
Creator:
Bystrov, Victor
Contributor:
Faculty of Economics and Sociology, University of Lodz;
victor.bystrov@uni.lodz.pl
Description:
In this paper a semi-structural econometric model is implemented in order to estimate the natural rates of interest in two large economies of the Euro Area: Germany an Italy. The estimates suggest that after the financial crisis of 2007-2008 a decrease of the growth rate of potential output and the corresponding natural rate of interest was greater in Italy than in Germany which could have had important implications for the effectiveness of a common monetary policy. Unlike in other studies, it is found that the monetary policy stance was less expansionary in Italy as compared to Germany for the whole after-crisis period.
Object availability:
free access
Date:
2018.10.25;
2018.10.22
Type:
Working Paper
Language:
English
Format:
application/pdf
Relation:
Lodz Economics Working Papers;7
Subject:
Natural Rate of Interest;
Potential Output;
Euro Area;
State-Space Model;
Kalman Filter
Identifier: http://hdl.handle.net/11089/26084
Data provider:
Repozytorium Uniwersytetu Łódzkiego

Similar objects

tile.noImage

Measuring the Natural Rates of Interest in Germany and Italy

Creator:Bystrov, Victor

Date:2018.10.25 | 2018.10.22

Type:text

tile.noImage

Measuring the Natural Rates of Interest in Germany and Italy

Creator:Bystrov, Victor

Date:2018.12.31

Type:image

tile.noImage

Evaluating the Accuracy of Time-varying Beta. The Evidence from Poland

Creator:Będowska-Sójka, Barbara

Date:2017.12.28

Type:text

tile.noImage

The Efficiency of the Monetary Policy Instruments of the E E uropean Central Bank in Liquidity Regulating in the Euro Area

Creator:Pietryka, Ilona

Date:2010.12.01

Type:text

tile.noImage

SENTIMENTAL HERDING: THE ROLE OF COVID-19 CRISIS IN THE EGYPTIAN STOCK MARKET

Creator:Abd-Alla, Mostafa Hussein

Date:2021.02.27

Type:text

tile.noImage

Rola unii bankowej w procesie integracji europejskiej

Creator:Graczyk, Agata

Date:2021.06.07 | 2021.03.31

Type:image

tile.noImage

Contributions to inflation after euro adoption: the case of Central and Eastern European countries

Creator:Kotliński, Kamil

Date:2020.06.30

Type:text

tile.noImage

The real convergence of Poland and the euro area from the perspective of the synchronization of business cycles and intra-industry trade

Creator:Markowski, Łukasz

Date:2022.09.30

Type:other

FBC TeNe Project

Project co-financed by European Funds under the Operational Program Digital Poland for 2014-2020 (project no. POPC.02.04.00-00-0012 / 20-00)

More information about the project can be found at: https://tene.fbc.pionier.net.pl

European Funds. Digital Poland

Republic of Poland

Digital Libraries Federation

European Union - European Regional Development Fund

We use files, through the cookie quality improvement layer of our website.For more information, please read the document Privacy Policy