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The structure of financial systems and macroeconomic instability

Gros, Daniel; Lannoo, Karel - In: EIB papers 4 (1999) 1, pp. 61-69

country in the EU. This is due to deeply-rooted structural differences in legal systems, development of markets and …-based forms of financing of investments by enterprises in the EU. Disintermediation, and institutionalisation of savings in … authorities would have reacted to something like the LTCM collapse in the EU is a good way to see the importance of these two …

Persistent link: https://www.econbiz.de/10011499203

The ECB is running out of policy space : can fiscal policy help?

Capolongo, Angela; Gros, Daniel - In: Economics and Business Letters : EBL 9 (2020) 3, pp. 216-220

Persistent link: https://www.econbiz.de/10012420677

Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?

Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20

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

Overburdened central banks

Issing, Otmar - In: ifo DICE report 15 (2017) 1, pp. 19-20

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 world in 2016 : a perspective for the wider Europe

Gros, Daniel - In: Vierteljahrshefte zur Wirtschaftsforschung 75 (2006) 2, pp. 79-90

exchange rate as an adjustment instrument. This is an even more basic challenge for the EU because the enlargement challenge … common currency. This contribution deals with these two basic challenges for the EU over the next decade. It starts with a …

Persistent link: https://www.econbiz.de/10010489987

On the relation of monetary and political union

Issing, Otmar - In: Intereconomics : review of European economic policy 51 (2016) 1, pp. 16-20

Persistent link: https://www.econbiz.de/10011428519

Towards an Economic and Monetary Union

Issing, Otmar - In: Intereconomics : review of European economic policy 8 (1973) 1, pp. 13-16

One of the most important results of the Paris Summit of the nine EEC-members was the decision taken to establish a European Monetary Union until April 1, 1973. Will the Economic Union be now approached more rapidly than in the past?

Persistent link: https://www.econbiz.de/10011557515

Apolitical money : an illusion?

Issing, Otmar - In: The Economists' voice 20 (2023) 1, pp. 79-88

Persistent link: https://www.econbiz.de/10014364822

Monetary policy and macroeconomic factors : Japan versus the US and the euro area

Siklos, Pierre L. - In: Asia and the global economy : AGE 3 (2023) 2, pp. 1-8

Narratives that portray macroeconomic policies in Japan as unlike ones pursued in other large economies persist. I revisit how several factors, including monetary, fiscal, and demographic factors impact Japan, the US, and the euro area. Panel VARs driven by factors or observed macroeconomic...

Persistent link: https://www.econbiz.de/10014447638

The political and technical aspects of controlling inflation

Gros, Daniel - In: Intereconomics : review of European economic policy 58 (2023) 3, pp. 133-135

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...

Persistent link: https://www.econbiz.de/10014289709