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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
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
in France and the Netherlands yielded positive outcomes with regard to the cohesion of the EU, and thus helped reduce the …
Persistent link: https://www.econbiz.de/10011664727
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
The global economy is expected to grow by four percent annually over the next two years. This is a slight increase in the German Institute for Economic Research forecast in comparison to that of the fall. The upswing will gain momentum in both developed and emerging economies. Private...
Persistent link: https://www.econbiz.de/10011762790
The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic implications of different exit strategies. The...
Persistent link: https://www.econbiz.de/10011750746