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Global financial transmission of monetary policy shocks

Ehrmann, Michael; Fratzscher, Marcel - 2006

The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...

Persistent link: https://www.econbiz.de/10011604662

Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...

Persistent link: https://www.econbiz.de/10011604741

Monetary Policy Shocks and Portfolio Choice

Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2009

The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...

Persistent link: https://www.econbiz.de/10011605168

New Paradigms in Monetary Theory and Policy?

Balling, Morten; Llewellyn, David T.; Orphanides, Athanasios - 2012

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...

Persistent link: https://www.econbiz.de/10011689952

Containment and Resolution in the Financial Crisis: Too Little, Too Late

Honohan, Patrick - In: CESifo Forum 09 (2008) 4, pp. 22-27

Persistent link: https://www.econbiz.de/10011695909

Turkey in MENA, MENA in Turkey: Reasons for popularity, limits of influence

Adar, Sinem - 2024

Turkey's popularity in the MENA region has increased since the AKP's rise to power in 2002. People-to-people contacts …, economic progress, and a perceived European lifestyle have contributed to Turkey's popularity in the MENA region. Turkey … standards of Western states and its calls for reform of the international system are welcomed. Turkey's increased popularity …

Persistent link: https://www.econbiz.de/10014502564

How Capitalists Learned to Stop Worrying and Love the Crisis

Bichler, Shimshon; Nitzan, Jonathan - In: Real-World Economics Review (2014) 66, pp. 65-73

Do capitalists really want a recovery? Can they afford it? On the face of it, the question sounds silly: of course capitalists want a recovery; how else can they prosper? According to the textbooks, both mainstream and heterodox, capital accumulation and economic growth are two sides of the same...

Persistent link: https://www.econbiz.de/10011644575

Public Debt, Inequality and Power. The Making of a Modern Debt State

Hager, Sandy Brian - 2016

Who are the dominant owners of US public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we...

Persistent link: https://www.econbiz.de/10011646691

Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution

Hager, Sandy Brian - 2013

This dissertation offers the first comprehensive historical examination of the political economy of US public debt ownership. Specifically, the study addresses the following questions: Who owns the US public debt? Is the distribution of federal government bonds concentrated in the hands of a...

Persistent link: https://www.econbiz.de/10011646706

Equal size, equal role? Interest rate interdependence between the Euro area and the United States

Ehrmann, Michael; Fratzscher, Marcel - 2003

This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...

Persistent link: https://www.econbiz.de/10010298252