(2010). Monetary cycles, financial cycles, and the business cycle. In Federal Reserve Bank of New York Staff Reports 421
Aksoy, Y., & Piskorski, T. (2005). US domestic currency in forecast error variance de
aftliches Studium, 33. Jg. (2004),
S. 574–581.
Europäische Zentralbank, A Guide to Eurosystem Staff Macro-
economic Projection Exercises, Frankfurt am Main, June 2001.
Herwartz, H., H.-E. Reimers
within international organizations, e.g. defining the organizational structure and staffing. Ensuring
staff diversity is approached from both culture-based and culture-comparative perspectives.
Internationality
ve.gov).
Lane, T. D. (1992) Household Demand for Money in Poland – Theory and Evi-
dence, IMF Staff Papers, 39, pp. 825–854.
Markose, S., Loke, Y. (2003) Network Effects on Cash-card Substitution
authors’ personal opinions and do not necessarily reflect the views of the
Deutsche Bundesbank or its staff.
page
Editorial Board: Heinz Herrmann
Thilo Liebig
Karl-Heinz Tödter
Deutsche Bundesbank [...] possible to reconstruct the Council’s collective quantitative assessment of the
economic outlook. Staff forecasts of inflation and output do exist, but their bi-annual
frequency and varying time horizon [...] there
is no data source comparable to the Greenbook produced by the Federal Reserve
Board’s staff). Therefore, the best we can do is to reconstruct the data set which was
available to policy makers
ff
total staff
economics staff
The Irish central bank has no research staff and its economics staff consisted of 27 people in
1999. Figure 9 gives the total number of staff, which has decreased [...] ff
total staff
economics
staff
Table 2. The Staff Ratios of the National Central Banks in the European Union.
Total staff CB /
population
Economic staff CB/
population [...] 1999
year
nu
m
be
r o
f s
ta
ff
total staff
economics
staff
research staff
Figure 6. Total, Economics and Research Staff of Sveriges Riksbank
Sweden
0
200
400
hoc specialized academic councils; included in the ranking of
the best scientific and pedagogical staff of KNUCA. Has experience in implementing Ukrainian and
international projects, including cooperation
hoc specialized academic councils; included in the ranking of
the best scientific and pedagogical staff of KNUCA. Has experience in implementing Ukrainian and
international projects, including cooperation
;
- Evaluate the results of their own work, demonstrate leadership skills and ability to manage staff and work in a team;
- Make effective decisions under uncertain conditions and requirements that require [...] , “Time Management”, “Investment Management”. Participant of the
international project Teaching Staff Mobility, Erasmus+ Program KA 107
Classification Module ID Kind of Module Number of Credits
;
- Evaluate the results of their own work, demonstrate leadership skills and ability to manage staff and work in a team;
- Make effective decisions under uncertain conditions and requirements that require [...] , “Time Management”, “Investment Management”. Participant of the
international project Teaching Staff Mobility, Erasmus+ Program KA 107
Classification Module ID Kind of Module Number of Credits
solely those of the authors and are not necessarily shared by the Bundesbank or other members of its staff. We thank two anonymous referees and Vicky Read from the Bank of England for valuable comments. The [...] Schadler, S M. (1979). "A Model of Currency Substitution in Exchange Rate Determination", 1973-78, IMF Staff Papers, Vol. 26, pp. 513-542.
Brittain, B. (1981). "International Currency Substitution and the
(1994), Money Demand, Bank Credit, and Eco-
nomic Performance in Former Socialist Economies, IMF Staff Papers, Vol. 41, S. 3 14-349
Champ, Bruce, Freeman, Scott (1 994), Modeling Monetary Economies [...]
El-Erian, Mohamed (1988), Currency Substitution in Egypt and the Yemen Arab Republic,
IMF Staff Papers, Vol. 35, S. 85- 103
Engle, Robert, Granger, Clive (1987), Cointegration and Error Correction: [...] Rodriguez, Carlos A. (1992), Dollarization in Latin America - Gresham's
Law in Reverse?, IMF Staff Papers, Vol. 39, S. 5 18-544
Ha, Jiming (1994), Estimating Rand Circulation in Swaziland, Int
the latter is
remunerated at 3.00% is only � 41.7, and therefore does hardly justify to leave one staff member
for one more hour in the office, if this would be required.
In the case of the Eurosystem
(2010), Monetary Cycles, Financial Cycles, and the Business
Cycle, Federal Reserve Bank of New York Staff Reports 421.
Adrian, T. and A. Estrella (2008), Monetary Tightening Cycles and the Predictability
helpful
discussions.This paper was produced in the context of the background studies prepared by ECB staff as an input into the Governing Council’s reflections on the ECB’s monetary
policy strategy.The views
Guidotti, P.E., Rodriguez, C.A. (1992), Dollarization in Latin America - Gresham's Law in
Reverse?, IMF Staff Papers, 39, pp. 518-544.
Gutman, P. (1977), The Subterranean Economy, Financial Analysts Journal [...] erve.gov).
Lane, T.D. (1992), Household Demand for Money in Poland - Theory and Evidence, IMF Staff
Papers, 39, pp. 825-854.
85
ECB
Work ing Paper Ser ie s No . 330
April 2004
page
projections are conditional on an unchanged monetary policy stance. The forecasts are made
by staff members of the ECB and of the national central banks of the countries participating in
EMU. They [...] V. (2000), The Federal Reserve System Discussed: a
Comparative Analysis, De Nederlandsche Bank, Staff Reports, No. 56.
Faust, J., Rogers, J.H., Wright, J.H. (2001), An Empirical Comparison of Bundesbank
Januar 1996.
seitz Boughton, J.M. (1991), Long-Run Money Demand in Large Industrial Countries, IMF Staff Papers, Vol. 38, S. 1-32.
seitz Carr, J., Darby, M.R. (1981), The Role of Money Supply Shocks in
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