[PDF] Top 20 The Distributional Effects of Monetary Policy: A Comparison between the United States and the Euro Area

... Doepke and Schneider (2006) is the seminal work on the redistributive effects of inflation through surprise changes in the value of nominal ...study the savings ... See full document

... Following the ECB’s initiative, around the turn of the century several authors focused their research on uncovering the stylized facts of the MTM in Europe and, in ... See full document

... determinants of banks’ profitability that are statistically different between peripheral and core countries’ ...that the improvement of efficiency levels significantly increase ... See full document

... CPI and in the employment rate is found across the ma- jority of the countries in the sample, and that in in the Euro-area, for which monetary ... See full document

... undermines the role of monetary policy as an answer to low growth and low ...fiscal policy must, in the future play a more active role. If the private sector wants ... See full document

... From the last plot, one can see that monetary policy has relevant effects on financial ...conditions. The easing of monetary conditions leads to a decrease in financial ... See full document

... to the computation and comparison of the main BCs’ characteristics explained in section ...by the idea that synchronization (defined by similarity of regimes in each ... See full document

... to the spillover effects from the USA to the Euro Area and the spillover from Euro Area to the USA, under oil ...consideration the ... See full document

... to the severity of the financial crisis several central banks changed their policies and adopted a more active ...Purchase and quantitative easing programs in order to lessen the ... See full document

... since the creation of the EMS in 1979, after April 1986 there were almost no realignments of exchange-rate parities within the ...in the 5 years between January of ... See full document

... examine the time series properties of the data we test for the existence of unit roots using the Im-Pesaran-Shin unit root ...in the Annex the null hypothesis ... See full document

... show the negative effect of the lagged 3-month Euribor rate and oil prices (Table ...increase of commodities may have been an upward pressure on inflation and the ECB ... See full document

... variability of co-movements from jurisdiction to jurisdiction. Additionally, the sign and the intensity of the cross- correlations differ considerably depending on the ... See full document

... many of its self-characterizations. the characters of the entertainment media tend to be ‘larger than life’ and superior to the mundane average ...tions of people ... See full document

... displays the changes in legislation on CDD, where the duty of due diligence is explained, as well as the steps to be taken in an enhanced due diligence process, which shall be followed when ... See full document

... summarizes the results under the baseline and these alternative credibility ...expected, the lower the credibility the less prevalent are the non-Keynesian ...in ... See full document

... considered the most important goal of the community (Martínez- López et ...because of its important consequences ...Huang and Farn (2009) categorize online community members in three ... See full document

... before the full impact of ICT shows up, as normally happens when a GPT ...benefits of electrification stretched for nearly a century as more and more complementary innovations were ... See full document

... practices of good management helped to limit economic damages and deaths: well-defined leadership roles and relastionships, appropriate deployement of available physical and human ... See full document

... We study the other altematives and show that when both parties share the same information structure the probability of trade is one; while when buyers are uninformed and sellers are in[r] ... See full document