Title:The Performance of the European Central Bank
Author(s):ARTIS, Michael J.Date:2005Type of Publication:ArticleAbstract:The European Monetary Union has been in operation since 1 January 1999. The paper offers an interim assessment of the operations of the European Central Bank (ECB) during this period. It describes how the ECB defined its ...
Title:Personal Influence: Social context and political competition
Author(s):GALEOTTI, Andrea; MATTOZZI, AndreaDate:2011Type of Publication:ArticleAbstract:This paper studies the effect of social learning on political outcomes in a model of informative campaign advertising. Voters' communication network affects parties' incentives to disclose political information, voters' ...
Title:Policy Mix and Debt Sustainability: Evidence from Fiscal Policy Rules
Author(s):CLAEYS, PeterDate:2006Type of Publication:ArticleAbstract:This paper characterizes rules-based fiscal policy setting for G-3 and large
EMS countries. We set up a simple fiscal policy rule and then infer on the policymakers’
reaction coefficients by testing with GMM. Our results ...
Title:Political Instability and Economic Vulnerability
Author(s):BUSSIERE, Matthieu; MULDER, C.Date:2000Type of Publication:ArticleAbstract:This paper analyzes and tests the influence of political instability on economic vulnerability in the context of the 1994 and 1997 crisis episodes. It constructs four political variables that aim at quantifying political ...
Title:Post-Entry Behaviour and the Cycle: Evidence From Germany
Author(s):BOERI, Tito; BELLMANN, L.Date:1995Type of Publication:ArticleAbstract:Based on a rich database on establishments in western Germany, the paper aims at characterising the relationship between, on the one hand, growth and exit of entering cohorts and, on the other hand, aggregate business ...
Title:Precautionary Motives and Portfolio Decisions
Author(s):HOCHGUERTEL, StefanDate:2003Type of Publication:ArticleAbstract:This paper studies the empirical relevance of precautionary and other motives for household portfolio behaviour using recent panel data from the Netherlands. Dutch households' portfolios exhibit low degrees of risk taking ...
Title:Preferred Point Geometry and Statistical Manifolds
Author(s):CRITCHLEY, Frank; MARRIOTT, Paul; SALMON, MarkDate:1993Type of Publication:ArticleAbstract:A new mathematical object called a preferred point geometry is introduced in order to (a) provide a natural geometric framework in which to do statistical inference and (b) reflect the distinction between homogeneous aspects ...
Title:Price Smoothing Policies - A Welfare Analysis
Author(s):CANOVA, FabioDate:1992Type of Publication:ArticleAbstract:In post-WWII experience U.S. monetary authorities have attempted to eliminate seasonal fluctuations in prices and nominal interest rates. Developments in financial markets and recently discovered empirical regularities ...
Title:Price Variation Antagonism and Firm Pricing Policies
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2010Type of Publication:ArticleAbstract:Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce demand. At the same time, consumers may take advantage of the opportunities offered by price changes. Overall, the net impact ...