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https://hdl.handle.net/10419/18843
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Sterken, Elmer | en |
dc.date.accessioned | 2009-01-28T15:53:16Z | - |
dc.date.available | 2009-01-28T15:53:16Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18843 | - |
dc.description.abstract | We analyze the role of forward-looking indicators, like the IFO business climate indicator andasset prices, in German monetary transmission. We show that the use of both the IFOindicator and asset prices improves the performance and interpretation of a VectorAutoRegression (VAR) model of German monetary transmission. First, we show that theBundesbank responded more intensively to changes in the IFO indicator than to changes inGDP. Secondly, we address the role of housing and equity prices. We demonstrate thatespecially housing prices help to give a more accurate description of the recent history ofGerman monetary policy. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1204 | en |
dc.subject.jel | C82 | en |
dc.subject.jel | C22 | en |
dc.subject.jel | C53 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | monetary transmission | en |
dc.subject.keyword | IFO business climate survey indicator | en |
dc.subject.keyword | house prices | en |
dc.subject.keyword | equity prices | en |
dc.subject.stw | Geschäftsklima | en |
dc.subject.stw | Börsenkurs | en |
dc.subject.stw | Immobilienpreis | en |
dc.subject.stw | Transmissionsmechanismus | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | The role of the IFO business climate indicator and asset prices in German monetary policy | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 856633682 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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