Search Results - "Wieland, Volker"

Journal Article

by Bletzinger, Tilman Wieland, Volker Published in Economics letters (01.10.2017)

“...Research has suggested that monetary policy acts asymmetrically near zero interest rates. We match past ECB decisions with a simple forecast-based reaction...”

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Journal Article

New Keynesian versus old Keynesian government spending multipliers

by Cogan, John F Cwik, Tobias Taylor, John B Wieland, Volker Published in Journal of economic dynamics & control (2010)

“...Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that...”

Journal Article

SURPRISING COMPARATIVE PROPERTIES OF MONETARY MODELS: RESULTS FROM A NEW MODEL DATABASE

by John B. Taylor Volker Wieland Published in The review of economics and statistics (01.08.2012)

“...In this paper, we investigate the comparative properties of empirically estimated monetary models of the U.S. economy using a new database of models designed...”

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Journal Article

Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations

by Taylor, John B Wieland, Volker Published in Business economics (Cleveland, Ohio) (01.07.2016)

“...A large number of recent papers have endeavored to estimate the current level and trend in the equilibrium real interest rate. A common finding in these...”

Journal Article

Keynesian government spending multipliers and spillovers in the euro area

by Tobias Cwik Volker Wieland Refet S. Gürkaynak Pietro Cova Published in Economic policy (01.07.2011)

“...The global financial crisis has led to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government...”

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Journal Article

Real-time data for estimating a forward-looking interest rate rule of the ECB

by Bletzinger, Tilman Wieland, Volker Published in Data in brief (01.12.2017)

“...The purpose of the data presented in this article is to use it in ex post estimations of interest rate decisions by the European Central Bank (ECB), as it is...”

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Journal Article

A new comparative approach to macroeconomic modeling and policy analysis

by Wieland, Volker Cwik, Tobias Müller, Gernot J Schmidt, Sebastian Wolters, Maik Published in Journal of economic behavior & organization (01.08.2012)

“...In the aftermath of the global financial crisis, the state of macroeconomic modeling and the use of macroeconomic models in policy analysis has come under...”

Journal Article

The diversity of forecasts from macroeconomic models of the US economy

by Volker Wieland Maik H. Wolters
edited by Kurz, Mordecai
Published in Economic theory (01.06.2011)

“...This paper investigates the accuracy and heterogeneity of output growth and inflation forecasts during the current and the four preceding NBER-dated US...”

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Journal Article

Fiscal consolidation strategy

by Cogan, John F Taylor, John B Wieland, Volker Wolters, Maik H Published in Journal of economic dynamics & control (01.02.2013)

“...In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal...”

Journal Article

Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years

by Otmar Issing Volker Wieland Published in Jahrbücher für Nationalökonomie und Statistik (01.05.2013)

“...In this paper, we provide some reflections on the development of monetary theory and monetary policy over the last 150 years. Rather than presenting an...”

Journal Article

The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty

by Levin A Wieland V Williams J.C Published in The American economic review (01.06.2003)

“...We investigate the performance of forecast-based monetary policy rules using five macroeconomic models that reflect a wide range of views on aggregate...”

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Journal Article

The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan

by Coenen, Günter Wieland, Volker Published in Journal of monetary economics (2003)

“...In this paper we study the role of the exchange rate in conducting monetary policy in an economy with near-zero nominal interest rates as experienced in Japan...”

Journal Article

Quantitative Easing: A Rationale and Some Evidence from Japan

by Volker Wieland Published in NBER International seminar on macroeconomics (01.01.2010)

“...This paper reviews the rationale for quantitative easing when central bank policy rates reach near zero levels in light of recent announcements regarding...”

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Journal Article

Monetary policy, parameter uncertainty and optimal learning

by Wieland, Volker Published in Journal of monetary economics (2000)

“...Since central banks have limited information concerning the transmission channel of monetary policy, they are faced with the difficult task of simultaneously...”

Journal Article

Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence

by Sack, Brian Wieland, Volker Published in Journal of economics and business (2000)

“...The Federal Reserve and other central banks tend to change short-term interest rates in sequences of small steps in the same direction and reverse the...”

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