... PaPer SerieS
no 967 / november 2008
Central bank
miSPerCePtionS and
the
role of money
in intereSt rate ruleS
by Günter W. Beck
and Volker Wieland
19
ECB
Working Paper Series No 967
November ... because they are not needed to characterize
the transmission of interest rate changes to in ation in Keynesian-style models. In these mo...
... a genuine understanding of the way the central bank thinks
WORKING PAPER SERIES
NO 898 / MAY 2008
In 2008 all ECB
publications
feature a motif
taken from the
10 banknote.
CENTRAL BANK COMMUNICATION ... has now joined the the Bank
of England and the ECB in providing more frequent official forecasts of output measures. A
number of central ban...
... in the
underlying analytical tools, and on the other hand, that there has been a large increase in the
number of central banks that publish FSRs. The frontrunners are the Bank of England, the ... Riksbank, and Norges Bank (Norway’s central bank) , all of which started
publication in 199 6/1 997. It is probably not a coincidence that these three centr...
... or the
author(s).
The views expressed in this paper do not
necessarily refl ect those of the European
Central Bank.
Information on all of the working papers
published in the ECB’s Working Paper ... economic activity. This highlights the imp ortance of
including the monitoring of credit developments in the toolkit of monetary policy and
underpins...
... happening in the future,
adding: "One of the main features of the future is the decline of the savings rate in American
households since the mid-1980's."
" ;The rest of the ...
Finally, the impact of statements on the level of interest rates is mostly larger when market
uncertainty (as measured through the degree of interes...
... in small business lending and
uses the findings of the model to investigate the consequences of banking consolidation. The
most important theoretical finding of the paper is that banking corporate ... offering a single (w, π
∗
) pair to the agent, a s the agent contemplates
18
ECB
Working Paper Series No. 407
November 2004
W ORKING PAPER SERIES
NO. 407 /...
...
In terms of the impact of the funding structure on bank risk, most of the earlier
literature pointed to the benefits derived from the use of market financing. Banks can raise
in the interbank ... significantly. Nevertheless, the findings for all the
other business characteristics remain strong in terms of their impact on bank risk.
The increase in...
...
13
ECB
Working Paper Series No 1395
November 2011
of analyzing the behavior of one bank we examine the loan making decision of 296 different
banks. Finally, we find evidence suggesting screening, ... (iii) the usage of debit and credit cards, (iv) the existence of credit lines
10
ECB
Working Paper Series No 1395
November 2011
and (v) the usage...
... to signal to noise ratios with restricted c.
27
ECB
Working Paper Series No. 546
November 2005
28
ECB
Working Paper Series No. 546
November 2005
European Central Bank working paper series
For a ... Mésonnier, J S, and J P. Renne (2004) “A Time-Varying Natural Rate of Interest for
20
ECB
Working Paper Series No. 546
November 2005
theeuroarea”,Workin...
... either expansionary or contractionary. The economy specialises in the
18
ECB
Working Paper Series No. 548
November 2005
WORKING PAPER SERIES
NO. 548 / NOVEMBER 2005
THE LINK BETWEEN
INTEREST RATES ... th e main result for interest rate and exchange rate would still
obtain.
27
ECB
Working Paper Series No. 548
November 2005
by means of interes...