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Displaying results 1 to 18 of 18.

  1. Labour market asymmetries in a monetary union
    Author: Andersen, Torben M.; Seneca, Martin
    Published: 2008
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 32 (6800)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; 6800
    Subjects: Währungsunion; Arbeitsmarktflexibilität; Lohnrigidität; Geldpolitik; Schock; Konjunkturzusammenhang; Inflationskonvergenz; Theorie
    Other subjects: Array; Array
    Scope: 31 S., graph. Darst.
  2. Investment shocks and macroeconomic co-movement
    Author: Furlanetto, Francesco; Natvik, Gisle James; Seneca, Martin
    Published: 2011
    Publisher:  Norges Bank, Oslo

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 673
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788275536240
    Other identifier:
    hdl: 10419/209990
    Series: Working paper / Norges Bank ; 2011,14
    Subjects: Privater Konsum; Lohnrigidität; Konsumentenverhalten; Investition; Dynamisches Gleichgewicht
    Scope: Online-Ressource (20 S., 427 KB)
  3. Labour market asymmetries in a monetary union
    Author: Andersen, Torben M.; Seneca, Martin
    Published: 2008
    Publisher:  Danmarks Nationalbank, Copenhagen

    This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for both the overall performance of the monetary union and the country-specific situation are analysed. It is shown that asymmetries are not only critical for country-specific performance but also for the overall performance of the monetary union. A striking finding is that aggregate output volatility is not strictly increasing in nominal rigidities but hump-shaped. Moreover, a disproportionate share of the consequences of wage inflexibility may fall on small countries. In the case of country-specific shocks, a country unambiguously benefits in terms of macroeconomic stability by becoming more flexible, while this is not necessarily the case for aggregate shocks. There may thus be a tension between the degree of flexibility considered optimal at the country level and at the aggregate level within the monetary union.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/82307
    Series: Danmarks Nationalbank working papers ; 53
    Subjects: Währungsunion; Lohnbildung; Lohnrigidität; Geldpolitik; Theorie
    Scope: Online-Ressource (31 S.), graph. Darst.
    Notes:

    Zsfassung in dän. Sprache
  4. Market power and monetary policy
    Author: Aquilante, Tommaso; Chowla, Shiv; Dacic, Nikola; Haldane, Andrew G.; Masolo, Riccardo; Schneider, Patrick; Seneca, Martin; Tatomir, Srdan
    Published: May 2019
    Publisher:  Bank of England, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 443
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 798
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  5. Notes on the underground: monetary policy in resource-rich economies
    Author: Ferrero, Andrea; Seneca, Martin
    Published: 10 August 2018
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (13108)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper series / Centre for Economic Policy Research ; DP13108
    Subjects: Kleine offene Volkswirtschaft; Ölpreis; Zinspolitik; Theorie
    Scope: 26 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe
  6. Business cycles in an oil economy
    Author: Bergholt, Drago; Larsen, Vegard H.; Seneca, Martin
    Published: March 2017
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 618
    Subjects: Ölpreis; Konjunkturzusammenhang; DSGE-Modell; Norwegen
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
    Notes:

    Paper produced as part of the BIS Consultative Council for the Americas Research Network project "The commodity cycle: macroeconomic and financial stability implications"
  7. Labor mobility in a monetary union
    Author: Hauser, Daniela; Seneca, Martin
    Published: April 2019
    Publisher:  Bank of England, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 443
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 786
    Subjects: Labor mobility; monetary policy; monetary union; business cycles
    Scope: 1 Online-Ressource (circa 100 Seiten), Illustrationen
  8. Labor mobility in a monetary union
    Author: Hauser, Daniela; Seneca, Martin
    Published: [2019]
    Publisher:  Bank of Canada, [Ottawa]

    The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study... more

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    The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions that share trade links and a common monetary framework. In our New Keynesian dynamic, stochastic, general-equilibrium model calibrated to the United States, migration flows are driven by fluctuations in the relative labor market performance across the monetary union. While labor mobility can be an additional channel for cross-regional spillovers as well as a regional shock absorber, we find that a mobile labor force closes the efficiency gaps in the labor market and thus lessens the trade-off between inflation and labor market stabilization. As migration flows are generally inefficient, however, regionspecific disturbances introduce additional trade-offs with regional labor market conditions. Putting some weight on stabilizing fluctuations in the labor market enhances welfare when monetary policy follows a simple rule.

     
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/197929
    Series: Staff working paper / Bank of Canada ; 2019, 15 (April 2019)
    Scope: 1 Online-Ressource (circa 107 Seiten), Illustrationen
  9. Rule-of-thumb consumers, productivity and hours
    Author: Furlanetto, Francesco; Seneca, Martin
    Published: 2007

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 168 (2007.5)
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  10. Fiscal shocks and real rigidities
    Author: Furlanetto, Francesco; Seneca, Martin
    Published: June 2008

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 168 (2008.10)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 9788275534437; 9788275534444
    Series: Array ; 2008,10
    Subjects: Privater Konsum; Konsumentenverhalten; Schock; Finanzpolitik; Preisrigidität; Theorie
    Scope: 41 S., graph. Darst.
    Notes:
  11. New perspectives on depreciation shocks as a source of business cycle fluctuations
    Author: Furlanetto, Francesco; Seneca, Martin
    Published: 2010
    Publisher:  Central Bank of Iceland, [Reykjavík]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Central Bank of Iceland ; 48
    Subjects: Abschreibung; Schock; Investition; Privater Konsum; Real-Business-Cycle-Theorie; Dynamisches Gleichgewicht; Theorie
    Scope: Online-Ressource (46 S., 586 KB)
  12. Investment-specific technology shocks and consumption
    Author: Furlanetto, Francesco; Seneca, Martin
    Published: 2010
    Publisher:  Central Bank of Iceland, [Reykjavík]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Central Bank of Iceland ; 49
    Subjects: Schock; Investition; Privater Konsum; Real-Business-Cycle-Theorie; Dynamisches Gleichgewicht; Theorie
    Scope: Online-Ressource (39 S., 552 KB)
  13. A DSGE model for Iceland
    Author: Seneca, Martin
    Published: 2010
    Publisher:  Central Bank of Iceland, [Reykjavík]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Central Bank of Iceland ; 50
    Subjects: Dynamisches Gleichgewicht; Modellierung; Bayes-Statistik; Prognoseverfahren; Inflationssteuerung; Island
    Scope: Online-Ressource (79 S., 527 KB)
  14. Investment-specific technology shocks and consumption
    Author: Furlanetto, Francesco; Seneca, Martin
    Published: 2010
    Publisher:  Norges Bank, Oslo

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788275535878
    Other identifier:
    hdl: 10419/209975
    Series: Working paper / Norges Bank ; 2010,30
    Subjects: Schock; Investition; Privater Konsum; Real-Business-Cycle-Theorie; Dynamisches Gleichgewicht; Theorie
    Scope: Online-Ressource (48 S., 515 KB)
  15. New perspectives on depreciation shocks as a source of business cycle fluctuations
    Author: Furlanetto, Francesco; Seneca, Martin
    Published: 2011
    Publisher:  Norges Bank, Oslo

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788275535984
    Other identifier:
    hdl: 10419/209978
    Series: Working paper / Norges Bank ; 2011,02
    Subjects: Abschreibung; Schock; Investition; Privater Konsum; Real-Business-Cycle-Theorie; Dynamisches Gleichgewicht; Theorie
    Scope: Online-Ressource (43 S., 522 KB)
  16. Notes on the underground
    monetary policy in resource-rich economies
    Author: Ferrero, Andrea; Seneca, Martin
    Published: 2015
    Publisher:  Norges Bank, Oslo

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788275538466
    Other identifier:
    hdl: 10419/210069
    Series: Working paper / Norges Bank ; 2015,02
    Subjects: Kleine offene Volkswirtschaft; Ölpreis; Zinspolitik; Theorie
    Scope: Online-Ressource (39 S.)
  17. Notes on the underground
    monetary policy in resource-rich economies
    Author: Ferrero, Andrea; Seneca, Martin
    Published: 2015
    Publisher:  Oxford Centre for the Analysis of Resource Rich Economies, Oxford

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Research papers / Oxford Centre for the Analysis of Resource Rich Economies ; 158
    Subjects: Kleine offene Volkswirtschaft; Ölpreis; Zinspolitik; Theorie
    Scope: Online-Ressource (48 S.), graph. Darst.
  18. Risk shocks close to the zero lower bound
    Author: Seneca, Martin
    Published: August 2016
    Publisher:  Bank of England, [London]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 606
    Subjects: Risk shocks; uncertainty; zero lower bound on interest rates; optimal monetary policy
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen