 | Does Money Growth Granger-Cause Inflation in the Euro Area? Evidence from Out-of-Sample Forecasts Using Bayesian VARs Author/Editor: Pär Österholm, Helge Berger. Release Date:March, 2008 We use a mean-adjusted Bayesian VAR model as an out-of-sample forecasting tool to test whether money growth Granger-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting more...
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| Does Money Matter for U.S. Inflation? Evidence from Bayesian VARs Author/Editor: Pär Österholm, Helge Berger. Release Date:March, 2008 We use Bayesian estimation techniques to investigate whether money growth Granger-causes inflation in the United States. We test for Granger-causality out-of-sample and find, perhaps surprisingly more...
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| Central Bank Boards Around the World : Why Does Membership Size Differ? Author/Editor: Helge Berger, Tonny Lybek, Volker Nitsch. Release Date:December, 2006 This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we more...
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| Forecasting ECB Monetary Policy : Accuracy is (Still) a Matter of Geography Author/Editor: Michael Ehrmann, Marcel Fratzscher, Helge Berger. Release Date:February, 2006 Monetary policy in the euro area is conducted within a multicountry, multicultural, and multilingual context involving multiple central banking traditions. How does this heterogeneity affect the more...
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| Labor and Product Market Deregulation : Partial, Sequential, or Simultaneous Reform? Author/Editor: Helge Berger, Stephan Danninger. Release Date:December, 2005 This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of more...
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| Fiscal Indulgence in Central Europe : Loss of the External Anchor Author/Editor: George Kopits, Helge Berger, Istvan P Szekely. Release Date:April, 2004 In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among more...
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| The ECB and Euro-Area Enlargement Author/Editor: Helge Berger. Release Date:October, 2002 The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member more...
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| Optimal Central Bank Conservatism and Monopoly Trade Unions Author/Editor: Carsten Hefeker, Helge Berger, Ronnie Schlöb. Release Date:March, 2002 The conservative central banker has come under attack recently. On the basis of models in which there is explicit interaction between trade union behavior and monetary policy, it has been argued more...
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