simplified model in which the decisions of the ECB are influenced only by the inflation level but we are working on a more …

the Monetary Policy Committee. We consider this decision making process in the context of a model in which inflation … inflation provide the best description of discrete changes in interest rates. We find a role for asset prices through the equity …

introduced into NNS models to try and reconcile the movements in interest rates, consumption and inflation. The key findings here …

sample of data, without it being ruled out by large sample requirements of direct spectral estimation. We show, in particular …

deviations of inflation from target, but not to monetary growth. This result is at odds with the Bundesbank´s claim that it … Bundesbank took its monetary targets seriously, but also responded to deviations of expected inflation and output growth from …

This paper proposes a new way of modeling and forecasting intraday returns. We decompose the volatility of high … product of daily, diurnal and stochastic intraday volatility components. This model is applied to a comprehensive sample …-by-company estimation. …

"Despite the common view that exchange rate volatility will inevitably depress the volume of international trade by … empirically investigate the impact of exchange rate volatility on real international trade flows, but with a much broader … perspective and an improved measure of volatility. Our 18-country data set consists of bilateral real exports for the period 1980 …