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Essays in Empirical Macroeconomics

dc.contributor.advisorvon Hagen, Jürgen
dc.contributor.authorMirza, Harun
dc.date.accessioned2020-04-18T06:16:11Z
dc.date.available2020-04-18T06:16:11Z
dc.date.issued20.12.2013
dc.identifier.urihttps://hdl.handle.net/20.500.11811/5442
dc.description.abstractThis thesis consists of three chapters in empirical macroeconomics. In particular it treats important issues related to monetary policy. The focus is on inflation dynamics and all three studies involve some approach of forecasting.
The first chapter deals with estimation problems of a monetary policy rule and inflation dynamics. In light of potential weak instrument problems, the study suggests to use factors as a summary of the relevant information typically available at central banks. These factors are used to instrument the public's unobserved inflation expectations prevalent at each point in time. The second chapter more explicitly focuses on forecasting inflation and in contrast to the first chapter it discusses out-of-sample forecasting with a large set of Phillips curve models for Euro area inflation. A particular emphasis is on forecast combination techniques and various approaches in detrending inflation prior to estimation. While also touched upon in the first two chapters, the final chapter explicitly deals with survey inflation expectations, i.e., it analyses how professional forecasters form their expectations as reported in a well-known survey. We examine how much weight these forecasters attach to backward- and how much to forward-looking information and suggest a Phillips curve model to explain their expectations formation process.
dc.language.isoeng
dc.rightsIn Copyright
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectInflationsdynamiken
dc.subjectInflationsvorhersagen
dc.subjectInflationserwartungen
dc.subjectUmfragen
dc.subjectPhillips-Kurve
dc.subjectTaylor-Regel
dc.subjectInflation Dynamics
dc.subjectForecasting Inflation
dc.subjectInflation Expectations
dc.subjectSurveys
dc.subjectPhillips Curve
dc.subjectTaylor Rule
dc.subject.ddc330 Wirtschaft
dc.titleEssays in Empirical Macroeconomics
dc.typeDissertation oder Habilitation
dc.publisher.nameUniversitäts- und Landesbibliothek Bonn
dc.publisher.locationBonn
dc.rights.accessRightsopenAccess
dc.identifier.urnhttps://nbn-resolving.org/urn:nbn:de:hbz:5-34498
ulbbn.pubtypeErstveröffentlichung
ulbbnediss.affiliation.nameRheinische Friedrich-Wilhelms-Universität Bonn
ulbbnediss.affiliation.locationBonn
ulbbnediss.thesis.levelDissertation
ulbbnediss.dissID3449
ulbbnediss.date.accepted11.12.2013
ulbbnediss.fakultaetRechts- und Staatswissenschaftliche Fakultät
dc.contributor.coRefereeBreitung, Jörg


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