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Persistent link: https://www.econbiz.de/10011428519
This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...
Persistent link: https://www.econbiz.de/10012816140
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Persistent link: https://www.econbiz.de/10012420677
Fund, the fiscal rescue packages of other national governments and the EU did not lower government bond yields. In contrast … markets. In conjunction with fiscal policy measures, EU-wide measures in particular, they were able to stabilize the stock … Recovery Plan announced by the EU, could be quite efficient. …
Persistent link: https://www.econbiz.de/10012231998
Over decades, if not centuries, the reputation of central banks has gone through ups and downs. The Great Moderation marked a period in which inflation came down from rather high levels. Growth and employment were at least satisfying and output variability declined substantially. Was this...
Persistent link: https://www.econbiz.de/10011718913
The global expansion weakened somewhat in the third quarter while the downside risks have increased. DIW Berlin’s forecast- almost unchanged-indicates an expansion in global economic production of 4.3 percent for 2018 and 3.9 percent for 2019. In 2020, momentum will slow down further to 3.6...
Persistent link: https://www.econbiz.de/10011946921
conflicts could continue to escalate and spread to the EU and the likelihood of a no-deal Brexit has increased. …
Persistent link: https://www.econbiz.de/10012110800
In the past five years, the inflation in the euro area has been well below the European Central Bank’s (ECB) aimed inflation rate of close to but below two percent for achieving its objective of price stabilization in the medium term. The present analysis shows that expectations of low...
Persistent link: https://www.econbiz.de/10011917388
After a strong second quarter, the global upturn appears to remain intact, economic and political turmoils notwithstanding, especially in the United States and the euro area. Therefore, DIW Berlin is slightly raising its forecast for the global economy this year to 4.2 percent. Over the course...
Persistent link: https://www.econbiz.de/10011899230