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6“...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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7by 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...”
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8“...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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9“...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...”
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10by 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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11“...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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12by 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...”
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13by Volker Wieland Maik H. Wolters“...This paper investigates the accuracy and heterogeneity of output growth and inflation forecasts during the current and the four preceding NBER-dated US...”
edited by Kurz, Mordecai
Published in Economic theory (01.06.2011)
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14by 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...”
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15by 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...”
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16“...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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17“...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...”
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18by 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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19by 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...”
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20“...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...”