1,195 research outputs found
Measures of excess liquidity
No full textThe aim of this note is to provide an overview of various measures of excess liquidity, which can be defined as the deviation of the actual stock of money from an estimated equilibrium level. Given their dynamic nature, the excess liquidity measures under review are - in the light of long and variable lags of monetary policy - very useful tools to quantify future price pressures. In addition, excess liquidity measures consider inflation as a purely monetary phenomenon: neither the output gap nor liquidity gap - although both form an integral part of the concepts - an be held responsible for inducing a persistent rise in the price level. Despite strong theoretical support, the usefulness of excess liquidity measures depends on the stability of money demand, a question which has of course to be answered in the realm of empirical research. --P-star,excess liquidity,monetary policy,ECB
Changing Effects of Monetary Policy in the U.S. –Evidence from a Time-Varying Coefficient VAR
No full textWe estimate a time-varying coefficient VAR model for the U.S. economy to analyse (i) if the effect of monetary policy on output has been changing systematically over time, and (ii) if monetary policy has asymmetric effects over the business cycle. We find that the impact of monetary policy shocks has been gradually declining over the sample period (1962-2002), as some theories of the monetary transmission mechanism imply. In addition, our results indicate that the effects of monetary policy are greater in a recession than in a boom.
Identiteter och världsbild : "hårdkokt" skriftbruk i Thorsten Jonssons noveller
No full textidentity and worldview – “hard-boiled” writing in Thorsten Jonsson’s short storiesThis article deals with the Swedish author Thorsten Jonsson (1910–50) and his first short story collection Som det brukar vara (1939) [‘As it usually is’]. The nar- rative represents a new modernistic literary trend in Swedish prose in the 1930s. i take my starting point in Burgess & ivanič’s (2010) theories of the act of writing involving many different identities, and particularly what Burgess & ivanič iden- tify as the discursive self. By contemporary readers and critics the discursive self in the short story collection was often connected with an American hard-boiled literary ideal, often linked to ernest Hemingway’s writings. in this article i dis- cuss the common textual features of the two authors’ first collections, but also the differences that emerge when looking through the linguistic surface. The analysis shows that Thorsten Jonsson’s discursive self is based upon a northern Swedish culture, Hemingway’s on an urban American one. </p
Convergence Rates of a Regularized Newton Method in Sound-Hard Inverse Scattering
No full textThe iteratively regularized Gauss--Newton method is used to solve an inverse acoustic scattering problem with Neumann boundary conditions in two space dimensions, which is known to be nonlinear and severely ill posed. Some recent results on the speed of convergence for such problems are considered, and numerical experiments yield logarithmic convergence rates, as expected. Moreover, we present an efficient method to numerically evaluate the Fréchet derivative using its characterization as a boundary value problem and prove fast convergence of this method. Read More: https://epubs.siam.org/doi/10.1137/S003614299732775
A case for money in the ECB monetary policy strategy
No full textOne major outcome of the review of the ECBs two pillar monetary policy strategy, which was published on 8 May 2003, has been the de facto downgrading of the hitherto prominent role assigned to the stock of money. According to the authors judgement, however, there is a strong theoretical and empirical rationale for the ECB monetary policy to pay close attention to the information content of money in the form of M3. However, the authors argue the ECB should make use of the so-called price gap or real money gap concept rather than the reference value as the latter runs the risk of giving misleading policy recommendations and compromising the indicator quality of the stock of money. Making use of M3 seems all the more rational as currently no better inflation indicator appears to exist in providing inflation forecasts in the euro area. --P-star,real money gap,excess liquidity,ECB
Changing Effects Of Monetary Policy In The US - Evidence From A Time-Varying Coefficients VAR
No full textsj-jpg-2-wso-10.1177_17474930231152124 – Supplemental material for Characterizing mixed location hemorrhages/microbleeds with CSF markers
No full textSupplemental material, sj-jpg-2-wso-10.1177_17474930231152124 for Characterizing mixed location hemorrhages/microbleeds with CSF markers by Ulf Jensen-Kondering, Nils G Margraf, Caroline Weiler, Walter Maetzler, Justina Dargvainiene, Kim Falk, Sarah Philippen, Thorsten Bartsch, Charlotte Flüh, Christoph Röcken, Bettina Möller, Georg Royl, Alexander Neumann, Norbert Brüggemann, Benjamin Roeben, Claudia Schulte, Benjamin Bender, Daniela Berg and Gregor Kuhlenbäumer in International Journal of Stroke</p
Hofmannsthal Jahrbuch zur Europäischen Moderne
No full textPublishedKlaus E. Bohnenkamp: Hofmannsthals Egeria. Elsa Prinzessin Cantacuzène, später verheiratete Bruckmann, im Briefwechsel mit dem Dichter vom 24. November 1893 bis zum 10. Januar 1894 in Wien Hans Peter Buohler: Der Briefwechsel zwischen Karl Gustav Vollmoeller und Hugo von Hofmannsthal Ursula Renner: 'Lieutenant Gustl zittert vor den Folgen' Thomas Nehrlich: Die Insubordination des Wachtmeisters Lerch. Zum Konflikt zwischen Ökonomie und Militär in Hofmannsthals 'Reitergeschichte' Heinz Rölleke: Bruno Wille – ein Zeugnis zeitgenössischer 'Jedermann'-Rezeption Thorsten Unger: Die Bestechung des ›Unbestechlichen‹. Zu Art und Funktion der Komik in Hugo von Hofmannsthals Komödie Gerhard Neumann: Die Welt im Fenster. Erkennungsszenen in der Literatur Stefan Tetzlaff: Paul Scheerbarts astrale Hermeneutik. Vorschlag zu einer Bestimmung des Begriffs ›Neoromantik‹ Günter Saße: Eine Leiche begeht Selbstmord. Joseph Roth: 'Der Radetzkymarsch' Ulrike Stamm: Das Tier als Denkfigur bei Elias Canetti Gerhard Kaiser: Welt ist Text und Text wird Welt. Christoph Ransmayrs Roman 'Die letzte Welt' Rolf G. Renner: Von der Kreativität des Einzelnen und ihrer Subversio
sj-jpg-4-wso-10.1177_17474930231152124 – Supplemental material for Characterizing mixed location hemorrhages/microbleeds with CSF markers
No full textSupplemental material, sj-jpg-4-wso-10.1177_17474930231152124 for Characterizing mixed location hemorrhages/microbleeds with CSF markers by Ulf Jensen-Kondering, Nils G Margraf, Caroline Weiler, Walter Maetzler, Justina Dargvainiene, Kim Falk, Sarah Philippen, Thorsten Bartsch, Charlotte Flüh, Christoph Röcken, Bettina Möller, Georg Royl, Alexander Neumann, Norbert Brüggemann, Benjamin Roeben, Claudia Schulte, Benjamin Bender, Daniela Berg and Gregor Kuhlenbäumer in International Journal of Stroke</p
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