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Monetary policy aspects of the enlargement of the Euro area
Lommatzsch, Kirsten; Tober, Silke - 2002
There is some evidence that interdependencies among European banks have increased over the past 15 years and that the potential of systemic risks in banking has shifted from a national level to a European level. Whereas wholesale financial markets are considered to be highly integrated within...
Persistent link: https://www.econbiz.de/10010503712
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Prudent recalibration required: the ECB's response to the 2022 price shocks : monetary policy challenges 2023
Tober, Silke; Theobald, Thomas - 2023 - Completed on 25 May 2023
The ECB was not slow to react to the rising inflation, but rather reacted very strongly as the price shocks escalated and the supply bottlenecks persisted longer than widely expected. The ECB raised rates later and less forcefully than the Federal Reserve because the inflation dynamics in the...
Persistent link: https://www.econbiz.de/10014289158
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Time-varying Nairu and real interest rates in the Euro Area
Logeay, Camille; Tober, Silke - 2003
This paper analyses the Nairu in the Euro Area and the influence that monetary policy had on its development. Using the Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique is applied here for the first time using explicit...
Persistent link: https://www.econbiz.de/10011438545
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Aggregate and welfare effects of redistribution of wealth under inflation and price-level targeting
Meh, Césaire Assah (contributor);  … - 2008
Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major redistribution of wealth between households and the government, between nationals and foreigners, and between households within the same country. Two types of monetary policy,...
Persistent link: https://www.econbiz.de/10003773003
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Herausforderungen für die Wirtschaftspolitik 2010 : Geldpolitik, Finanzpolitik und Arbeitsmarktpolitik in diesem Jahr
Horn, Gustav A.; Sturn, Simon; Tober, Silke; Truger, Achim - 2010
endgültig überwunden werden? Wann und wie soll der Expansionskurs der Fiskal- und Geldpolitik beendet werden? Wie bekommt man …
Persistent link: https://www.econbiz.de/10009503564
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Finanzmarktstabilität in Zeiten unkonventioneller Geldpolitik
Theobald, Thomas; Tober, Silke; List, Emanuel - 2015
Lockerung auf einem Niveau, das erhöhte Wachsamkeit verlangt. Gefordert ist nicht die Geldpolitik im engeren Sinne, deren Kurs … Geldpolitik wäre daher auch mit Blick auf die Finanzmarktstabilität sinnvoll. …
Persistent link: https://www.econbiz.de/10011350121
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Geldpolitik der EZB : Stabilität ohne "sichere" Staatsanleihen?
Tober, Silke - Institut für Makroökonomie und Konjunkturforschung - 2016
Die stark expansive Geldpolitik der Europäischen Zentralbank zeigt positive Wirkungen. Die Zinsen sind weiter gesunken … Weltwirtschaft verstärkt würden. Die Geldpolitik benötigt daher dringend Unterstützung durch die Fiskalpolitik.Der Euroraum hat zudem … ein zentrales Problem, das nicht nur die Effektivität der Geldpolitik beeinträchtigt, sondern auch die Fiskalpolitik …
Persistent link: https://www.econbiz.de/10011441002
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The global financial cycle, monetary policies and macroprudential regulations in small, open economies
Bauer, Gregory H.; Pasricha, Gurnain Kaur; Sekkel, Rodrigo - 2016
This paper analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open economies such as Canada. The paper starts by summarizing recent work on financial cycles and their growing correlation across...
Persistent link: https://www.econbiz.de/10011520366
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The ECB's monetary policy : stability without "safe" assets?
Tober, Silke - 2016
Die stark expansive Geldpolitik der Europäischen Zentralbank zeigt positive Wirkungen. Die Zinsen sind weiter gesunken … Weltwirtschaft verstärkt würden. Die Geldpolitik benötigt daher dringend Unterstützung durch die Fiskalpolitik.Der Euroraum hat zudem … ein zentrales Problem, das nicht nur die Effektivität der Geldpolitik beeinträchtigt, sondern auch die Fiskalpolitik …
Persistent link: https://www.econbiz.de/10011558245
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Effects of funding portfolios on the credit supply of Canadian banks
Damar, H. Evren; Meh, Césaire Assah; Terajima, Yaz - 2015
This paper studies how banks simultaneously manage the two sides of their balance sheet and its implications for bank risk taking and real economic activity. First, we analyze how changes in funding affect the supply of bank loans. We then examine how the supply of credit by banks that rely more...
Persistent link: https://www.econbiz.de/10010488964