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Monetary and Fiscal Policies in the Euro Area
Michael Carlberg
Resumen/Descripción – provisto por la editorial
No disponible.
Palabras clave – provistas por la editorial
Macroeconomics/Monetary Economics//Financial Economics; Public Economics; International Economics
Disponibilidad
| Institución detectada | Año de publicación | Navegá | Descargá | Solicitá |
|---|---|---|---|---|
| No detectada | 2006 | SpringerLink |
Información
Tipo de recurso:
libros
ISBN impreso
978-3-540-29799-4
ISBN electrónico
978-3-540-29800-7
Editor responsable
Springer Nature
País de edición
Reino Unido
Fecha de publicación
2006
Información sobre derechos de publicación
© Springer Berlin · Heidelberg 2006
Cobertura temática
Tabla de contenidos
Cooperation between European Central Bank, German Goverment, and French Government
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Four - Monetary and Fiscal Interactions Intermediate Models | Pp. 120-126
Competition between European Central Bank, American Central Bank, German Government, and French Government
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Four - Monetary and Fiscal Interactions Intermediate Models | Pp. 127-136
Cooperation between European Central Bank, American Central Bank, German Government, and French Government
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Four - Monetary and Fiscal Interactions Intermediate Models | Pp. 137-146
Cold-Turkey Policies: Simultaneous Decisions
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Five - Monetary and Fiscal Interactions Advanced Models | Pp. 149-154
Gradualist Policies: Simultaneous Decisions
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Five - Monetary and Fiscal Interactions Advanced Models | Pp. 155-160
Fast Monetary Competition and Slow Fiscal Competition
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Five - Monetary and Fiscal Interactions Advanced Models | Pp. 161-164
Monetary Cooperation between Europe and America, Fiscal Competition between Germany and France
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Five - Monetary and Fiscal Interactions Advanced Models | Pp. 165-174
Monetary Cooperation between Europe and America, Fiscal Cooperation between Germany and France
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Five - Monetary and Fiscal Interactions Advanced Models | Pp. 175-183
Policy Cooperation within Europe, Policy Competition between Europe and America
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Five - Monetary and Fiscal Interactions Advanced Models | Pp. 184-189
Monetary Competition between Europe and America
Michael Carlberg
The fact that perfect foresight is possible in a random environment of an exchange economy seems to have been overlooked in the literature. This chapter demonstrates that forecasting rules which generate perfect foresight exist under standard assumptions. Using the methodology of Chapter 5, these socalled perfect forecasting rules can successfully be estimated from historical data by means of nonparametric estimations. The censoring of the approximated forecasting rules assures that the system is kept stable at all stages of the estimation procedure and that the resulting process satisfies the necessary stochastic properties. It should be noted that the method required neither the existence of a perfect forecasting rule nor its contraction property.
Part Six - Rational Policy Expectations | Pp. 193-197