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(How) do the ECB and the Fed react to financial market uncertainty? : the Taylor rule in times of crisis

Belke, Ansgar; Klose, Jens - 2010

We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...

Persistent link: https://www.econbiz.de/10003931391

Does the ECB rely on a Taylor rule? : comparing ex-post with real time data

Belke, Ansgar; Klose, Jens - 2009

We assess the differences that emerge in Taylor rule estimations for the ECB when using ex-post data instead of real time forecasts and vice versa.We argue that previous comparative studies in this field mixed up two separate effects. First, the differences resulting from the use of ex-post and...

Persistent link: https://www.econbiz.de/10003877669

Self-fulfilling crises in the Eurozone : an empirical test

De Grauwe, Paul; Ji, Yuemei - 2012

Persistent link: https://www.econbiz.de/10009575314

What's in a second opinion? : shadowing the ECB and the Bank of England

Neuenkirch, Matthias; Siklos, Pierre L. - 2013

Persistent link: https://www.econbiz.de/10009788857

State-of-play in implementing macroeconomic adjustment programmes in the euro area : short version

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014

reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to … finden. Survey-basierte Evidenz legt nahe, dass Strukturreformen bisher kaum gewirkt haben. Die von der EU geführten …

Persistent link: https://www.econbiz.de/10010349252

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

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrza´nska, Anna; Gros, Daniel; Smaga, … - 2016

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

Persistent link: https://www.econbiz.de/10011446695

Equilibrium real interest rates and secular stagnation : an empirical analysis for euro area member countries

Belke, Ansgar; Klose, Jens - 2016

Is secular stagnation a valid concern for Euro Area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest rate and compare it to the actual real rate. We apply our approach to twelve Euro Area countries, since...

Persistent link: https://www.econbiz.de/10011500118

Monetary and macroprudential policy interactions in a model of the European Union

Dennis, Richard J.; Ilbas, Pelin - 2022

Persistent link: https://www.econbiz.de/10013184488

The economic impact of Brexit : evidence from modelling free trade agreements

Belke, Ansgar; Gros, Daniel - 2017

between the UK and the EU27 is large and of a similar order of magnitude as transatlantic trade (between the EU and the US …). The precise nature of the (hopefully free) trade agreement UK-EU-27 is still being negotiated. But all available studies … concur that a significant disruption of trade links will impose economic costs on both sides. However, the EU27 would bear …

Persistent link: https://www.econbiz.de/10011662701