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Comparing climate commitments : a model-based analysis of the Copenhagen Accord

McKibbin, Warwick J.; Morris, Adele C.; Wilcoxen, Peter J. - 2010

Persistent link: https://www.econbiz.de/10008697781

EU structural funds and regional income convergence : a sobering experience

Breidenbach, Philipp; Mitze, Timo; Schmidt, Christoph M. - 2016

The European Structural and Investment Funds (ESIF) are the prime instrument of EU regional policy. European policy … identification strategy linked to modern growth theory, we find that the disbursement of EU structural funds is negatively correlated …. In any case, EU structural funding does not seem to contribute effectively to foster income convergence across regions. …

Persistent link: https://www.econbiz.de/10011440788

QE in the euro area : has the PSPP benefited peripheral bonds?

Belke, Ansgar; Gros, Daniel - 2019

The asset purchase programme of the euro area, active between 2015 and 2018, constitutes an interesting special case of Quantitative Easing (QE) because the ECB’s Public Sector Purchase Programme (PSPP) involved the purchase of peripheral euro area government bonds, which were clearly not...

Persistent link: https://www.econbiz.de/10011994801

The post-crisis slump in the Euro Area and the US : evidence from an estimated three-region DSGE model

Kollmann, Robert; Pataracchia, Beatrice; Raciborski, Rafal - 2016

Persistent link: https://www.econbiz.de/10011757434

Forecasting ECB policy rates with different monetary policy rules

Belke, Ansgar; Klose, Jens - 2019

This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....

Persistent link: https://www.econbiz.de/10012034314

Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the euro area

Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019

The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...

Persistent link: https://www.econbiz.de/10012034406

International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...

Persistent link: https://www.econbiz.de/10011640939

Central bank communication : managing expectations through the monetary dialogue

Belke, Ansgar - 2017

Successfully managing a course back to normality ("exit") will depend crucially on the central banks' ability to communicate effectively a credible strategy for an orderly exit from such kind of policies. In this context, clear, deliberate, coordinated messages that are anchored in the central...

Persistent link: https://www.econbiz.de/10011644116

Central banking and monetary policy : what will be the post-crisis new normal?

Capie, Forrest; Cukierman, Alex; Haan, Jakob de; … - SUERF/BAFFI CAREFIN Centre Conference Central Banking …; … - 2016

Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...

Persistent link: https://www.econbiz.de/10011554981

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140