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Monetary financing in the euro area : a free lunch?
Tober, Silke - In: Intereconomics : review of European economic policy 50 (2015) 4, pp. 214-220
Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector. Watt proposes that the ECB finances public investment directly, while Pâris and Wyplosz contend that public debt may be effectively restructured by burying parts of it in the...
Persistent link: https://www.econbiz.de/10011311717
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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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Monetary policy aspects of the enlargement of the Euro area
Lommatzsch, Kirsten; Tober, Silke - 2002
Persistent link: https://www.econbiz.de/10001707338
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ECB strategy : best practice and new frontiers
Dullien, Sebastian; Tober, Silke - 2021
The ECB's strategy of inflation targeting as currently practiced requires only minor adjustments to allow the ECB to best provide price stability and support the EU's general economic policies. The key to inflation targeting is a distinct and symmetric inflation target that serves as a benchmark...
Persistent link: https://www.econbiz.de/10012507669
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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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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/10010301751
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Reform der geldpolitischen Strategie der Europäischen Zentralbank
Lommatzsch, Kirsten; Tober, Silke - In: DIW Wochenbericht 70 (2003) 7, pp. 110-117
Über die geldpolitische Strategie der Europäischen Zentralbank (EZB) ist in den vier Jahren ihres Bestehens vielfach …. Für ein deutlich über null liegendes Inflationsziel der Zentralbank spricht zudem, dass Qualitätsverbesserungen bei der … Inflationsmessung unvollständig erfasst werden und die Zentralbank bei konjunkturellen Übersteigerungen oder Einbrüchen einen gewissen …
Persistent link: https://www.econbiz.de/10011601416
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ECB strategy: Best practice and new frontiers
Dullien, Sebastian; Tober, Silke - 2021
The ECB's strategy of inflation targeting as currently practiced requires only minor adjustments to allow the ECB to best provide price stability and support the EU's general economic policies. The key to inflation targeting is a distinct and symmetric inflation target that serves as a benchmark...
Persistent link: https://www.econbiz.de/10012606197
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Monetary financing in the euro area: A free lunch?
Tober, Silke - In: Intereconomics 50 (2015) 4, pp. 214-220
Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector. Watt proposes that the ECB finances public investment directly, while Pâris and Wyplosz contend that public debt may be effectively restructured by burying parts of it in the...
Persistent link: https://www.econbiz.de/10011773250
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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