Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Thomas Siemsen"'
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d9b1ef95bbf88aa6242feb1689a27378
https://doi.org/10.2139/ssrn.3581219
https://doi.org/10.2139/ssrn.3581219
Publikováno v:
Kyklos. 71:537-556
This paper investigates the extent to which national economic conditions matter in the ECB's decision process. We employ various decision models to aggregate counterfactual national interest rates based on Taylor rule estimates and test which of the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3d76d6c12f3382ae7b41be78ef5755b2
https://doi.org/10.1111/kykl.12185
https://doi.org/10.1111/kykl.12185
Publikováno v:
Empirical Economics. 57:991-1021
For a number of euro area periphery countries, this paper explores the stability of the link between bank lending rates and yields on sovereign bonds. A stable relationship between these interest rates is important for the ECB’s attempt to restore
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bbd9c40bebb269a55cd39e6132823e73
https://doi.org/10.1007/s00181-018-1467-y
https://doi.org/10.1007/s00181-018-1467-y
Autor:
Thomas Siemsen, Johannes Vilsmeier
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e9bc68c255fb475d1e662feafdecf3cc
https://doi.org/10.2139/ssrn.3249942
https://doi.org/10.2139/ssrn.3249942
Autor:
Gerhard Illing, Thomas Siemsen
Publikováno v:
CESifo Economic Studies. 62:47-67
We study monetary policy at the zero lower bound in a traceable three-period model, in which price-level targeting emerges endogenously in the welfare function. We characterize optimal price-level forward guidance under discretion and commitment. Pot
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::080d2950dd1f846a537e3a42d8ae1be9
https://doi.org/10.1093/cesifo/ifv011
https://doi.org/10.1093/cesifo/ifv011
Autor:
Thomas Siemsen, Johannes Vilsmeier
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f87ff8ba64edf815f670c2f942425c92
https://doi.org/10.2139/ssrn.3097387
https://doi.org/10.2139/ssrn.3097387
Publikováno v:
SSRN Electronic Journal.
This paper explores the potential effectiveness of the ECB’s Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sover
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9f9bc64c883811a025ad22b9b8ce690a
https://doi.org/10.2139/ssrn.2404864
https://doi.org/10.2139/ssrn.2404864
We derive counterfactual national interest rate paths for the 17 Euro Area countries for the period 1999 to 2012 to approximate the interest rates countries would have implemented had they still been able to conduct independent monetary policy. We fi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7bc178ebfc2ed6242c6afeb7b9ae2748
http://www.cesifo-group.de/DocDL/cesifo1_wp4178.pdf
http://www.cesifo-group.de/DocDL/cesifo1_wp4178.pdf
Autor:
Thomas Siemsen, Sebastian Watzka
Publikováno v:
SSRN Electronic Journal.
In this note we elaborate on the effect of the modeling choice of the zero lower bound on the size of the fiscal multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an endogenous ce
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::05a5c4c51bef90e0cb31c99b8f765bb3
https://doi.org/10.2139/ssrn.2302501
https://doi.org/10.2139/ssrn.2302501
Für 2010 sind wieder positive Impulse aus dem Exportgeschäft zu erwarten: Nach einer Prognose des ifo Instituts ist mit einem Zuwachs der deutschen Exporte von 10,8% zu rechnen, wobei die deutsche Exportdynamik zum Großteil von der steigenden Nach
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::80305b855e07684bae931001ba81a4e8
https://hdl.handle.net/10419/164854
https://hdl.handle.net/10419/164854