TY - GEN A1 - Berger, Wolfram T1 - International Policy Coordination and Simple Monetary Policy Rules T2 - Swiss journal of economics and statistics N2 - This paper studies monetary policy in an optimizing two-country model. We suppose a two-step production process that is associated with vertical trade. Prices of final consumption goods are sticky and pass-through can be incomplete. Monetary authorities should respond to both home and foreign shocks in this set-up.Which simple, i.e. non-optimal, targeting rule best supports the welfare maximizing policy hinges critically on the degree of the cross-country interdependence in production and the relative importance of productivity and cost-push shocks. We argue that the relative volatility of productivity and cost-push shocks determines whether the monetary authority should follow a price targeting rulewhereas the degree of vertical integration determines which simple price targeting rule (producer or consumer price index targeting) is best. KW - policy coordination KW - policy rule KW - consumer price targeting KW - producer price targeting KW - monetary targeting Y1 - 2010 SN - 0303-9692 VL - 146 IS - 2 SP - 451 EP - 479 ER - TY - CHAP A1 - Berger, Wolfram ED - Albach, Horst ED - Baier, Daniel ED - Mißler-Behr, Magdalena T1 - Effektivität und Effizienz von (makroökonomischer) Wirtschaftspolitik auf globalisierten Märkten T2 - Gründung, Innovation und Transformation: Wirtschaftswissenschaften an der BTU Cottbus: Ehrenkolloquien für Prof. Dr. habil. Prof. e. h. Dieter Schönknecht und Prof. Dr. Dr. Rainer Schwarz Y1 - 2012 SN - 978-3-8441-0198-0 SP - 107 EP - 114 PB - Eul Verlag CY - Lohmar ER - TY - GEN A1 - Berger, Wolfram T1 - Optimal Monetary Policy and Sectoral Shocks: Is International Monetary Cooperation Beneficial? T2 - Scandinavian Journal of Economics Y1 - 2007 SN - 1467-9442 VL - 109 IS - 2 SP - 1 EP - 24 ER - TY - GEN A1 - Berger, Wolfram A1 - De Vita, Glauco T1 - Forward guidance: New monetary policy instrument or esoteric fad? T2 - Public Money & Management Y1 - 2015 SN - 0954-0962 VL - 35 IS - 4 SP - 289 EP - 296 ER - TY - GEN A1 - Berger, Wolfram A1 - Kißmer, Friedrich T1 - Optimal interest rate policy during asset price booms: The mirage of ‘benign neglect’ T2 - Economics Letters Y1 - 2008 U6 - https://doi.org/10.1016/j.econlet.2008.08.025 SN - 0165-1765 VL - 101 IS - 3 SP - 265 EP - 267 ER - TY - GEN A1 - Berger, Wolfram T1 - Monetary policy rules and the exchange rate T2 - Journal of Macroeconomics Y1 - 2008 U6 - https://doi.org/10.1016/j.jmacro.2007.05.003 SN - 0164-0704 VL - 30 IS - 3 SP - 1064 EP - 1084 ER - TY - GEN A1 - Berger, Wolfram T1 - Monetary Policy Rules for a Small Open Economy T2 - Economic Notes Y1 - 2008 SN - 1468-0300 VL - 37 IS - 1 SP - 1 EP - 30 ER - TY - GEN A1 - Berger, Wolfram A1 - Kißmer, Friedrich T1 - Why Do Monetary Policymakers Lean With the Wind During Asset Price Booms? T2 - Frontiers in Finance & Economics Y1 - 2009 SN - 1814-2044 VL - 6 IS - 1 SP - 155 EP - 174 ER - TY - GEN A1 - Berger, Wolfram A1 - Battenfeld, Dirk T1 - Preispolitik und Hedging bei Ungewißheit T2 - Betriebswirtschaftliche Forschung und Praxis Y1 - 2008 SN - 0340-5370 VL - 60 IS - 3 SP - 197 EP - 209 ER - TY - GEN A1 - Berger, Wolfram A1 - Pickhardt, Michael A1 - Pitsoulis, Athanassios A1 - Prinz, Aloys A1 - Sarda, Jordi T1 - The hard shadow of the Greek economy: new estimates of the size of the underground economy and its fiscal impact T2 - Applied Economics Y1 - 2014 U6 - https://doi.org/10.1080/00036846.2014.896984 SN - 0003-6846 VL - 46 IS - 18 SP - 2190 EP - 2204 ER -