einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte … subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …

a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …

Japan. We also test for the presence of causality-in-mean and volatility spillovers. The econometric framework is a four … found to play a role in a minority of cases, with mixed signs. Finally, most cases of volatility spillovers occur from …

The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … forward rates (called inflation compensation) on a particular day is then used as a proxy for the market's inflation …

periods is attributed to the time-varying volatility of shocks. The history for inflation is more nuanced, as a more vigorous …In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE …) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of …

devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is …

volatility on foreign exchange markets. Starting point is the market participant's microeconomic investment decision, which is … trading volume and volatility on foreign exchange markets. We apply various two-country-models with representative market …

into volatility persistence in stock returns. In part two, I show that the introduction of continuous trading on the WSE is … volatility on days after limit hits and positive autocorrelation in stock returns. I do not find significant advantages of this …