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1. Imperfect knowledge, inflation expectations, and monetary policy

   Author: Orphanides, Athanasios; Williams, John C.

   Published: 2003

   Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

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   Source:	Union catalogues
   Language:	English
   Media type:	Book
   Format:	Online
   Other identifier:	urn: urn:nbn:de:hebis:30-10458
   RVK Categories:	QB 910
   Series:	Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2003,40
   Subjects:	Inflationstheorie; Geldpolitik; Lernkurve; Inflation Targeting; Unvollkommene Information; Rationale Erwartung; Theorie; Erwartung; Inflation; Wirtschaftliche Stabilität; Geldpolitik
   Other subjects:	(stw)Inflationserwartung; (stw)Geldpolitik; (stw)Lernprozess; (stw)Inflationssteuerung; (stw)Unvollkommene Information; (stw)Rationale Erwartung; (stw)Theorie; Imperfect Knowledge; Inflation Expectations; Monetary Policy; Monetary policy--Econometric models; Monetary policy--Effect of inflation on--Econometric models; Arbeitspapier; Graue Literatur
   Scope:	Online-Ressource

2. Real exchange rate persistence

   the case of the Swiss franc-US dollar rate
   Author: Jusélius, Katarina; Assenmacher, Katrin

   Published: 2015

   Publisher:  Swiss National Bank, Zurich

   Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long... more

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   Berlin: Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden

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   Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long swings in the Swiss franc-US dollar foreign currency market using the I(2) Cointegrated VAR model. The results show strong evidence of self-reinforcing feedback mechanisms in the Swiss-US foreign exchange market that are consistent with the observed pronounced persistence in Swiss-US parity conditions. Generally, the results provide support for models allowing expectations formation in financial markets to be based on imperfect information.

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   Source:	Staatsbibliothek zu Berlin
   Language:	English
   Media type:	Book
   Format:	Print
   Series:	SNB working papers ; 2015,3
   Subjects:	Devisenmarkt; Schweizer Franken; US-Dollar; Unvollkommene Information; Lange Wellen; Kointegration; VAR-Modell; Schweiz; USA; Long swings; Imperfect Knowledge; I(2) analysis; Selfreinforcing feed-back
   Scope:	37 S., graph. Darst.
   Notes:	Parallel als Online-Ausg. erschienen

3. Real exchange rate persistence

   the case of the Swiss franc-US dollar rate
   Author: Jusélius, Katarina; Assenmacher, Katrin

   Published: 2015

   Publisher:  Swiss National Bank, Zurich

   Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long... more

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   Berlin: Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße

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   Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße

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   1 B 163807

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   Kiel: ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

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   ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

   Signature:

   W 1558 (2015,3)

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   Unlimited inter-library loan, copies and loan

   Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long swings in the Swiss franc-US dollar foreign currency market using the I(2) Cointegrated VAR model. The results show strong evidence of self-reinforcing feedback mechanisms in the Swiss-US foreign exchange market that are consistent with the observed pronounced persistence in Swiss-US parity conditions. Generally, the results provide support for models allowing expectations formation in financial markets to be based on imperfect information.

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   RIS file   BibTeX file

   Source:	Staatsbibliothek zu Berlin
   Language:	English
   Media type:	Book
   Format:	Print
   Series:	SNB working papers ; 2015,3
   Subjects:	Devisenmarkt; Schweizer Franken; US-Dollar; Unvollkommene Information; Lange Wellen; Kointegration; VAR-Modell; Schweiz; USA; Long swings; Imperfect Knowledge; I(2) analysis; Selfreinforcing feed-back
   Scope:	37 S., graph. Darst.
   Notes:	Parallel als Online-Ausg. erschienen