Pointner, Wolfgang; Schneider, Martin; Schreiner, Josef - In: Monetary Policy & the Economy (2008) 1, pp. 6-19
The international environment is increasingly being dominated by a cooling global economy. In the U.S.A., the real estate and financial crisis has spilled over to the real economy. Growth in consumer demand has declined, and the deterioration in the labor market suggests a deepening of this...