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The European Central Bank, machinic enslavement, and the Greek public sector
Selmic, Radman - In: Finance and society 2 (2016) 1, pp. 45-61
responsibility for the Eurozone crisis from the private to the public sector. Focusing on Greece, I argue that the ECB constructed … the morality of the public debtor in such a way as to make this transfer of responsibility easier and the imposition of … exclusively in terms of public sector responsibility. However, the ECB also employed a range of non-linguistic policy measures …
Persistent link: https://www.econbiz.de/10012029091
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Negative interest rate, QE and exit
Reynard, Samuel - 2018
Persistent link: https://www.econbiz.de/10011948349
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Inflation: thruway of ECB's monetary policy
Seidl, Christian - 2023
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...
Persistent link: https://www.econbiz.de/10013553631
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M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2010
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878
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On the sources of macroeconomic stability in the euro area
Avouyi-Dovi, Sanvi; Sahuc, Jean-Guillaume - 2015
Persistent link: https://www.econbiz.de/10011566677
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M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2008
Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long run money demand function. The equation appears to be increasingly unstable if more recent data are used. If the link between money balances and...
Persistent link: https://www.econbiz.de/10011384239
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Economic recovery and inflation : this policy contribution was prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON) as an input for the Mon...
Dąbrowski, Marek - 2018
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011852813
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Money and Output asymmetry : the unintended consequences of central banks' obsession with inflation
Ghosh, Taniya; Gorsi, Abhishek - 2023
Persistent link: https://www.econbiz.de/10014280820
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Excess liquidity in the euro area : sources and remedies
Dąbrowski, Marek - 2023
The excess liquidity in the euro area is a product of a long period of quantitative easing. It changed the operational framework of the European Central Bank (ECB)’s monetary policy from the scarce reserves system (SRS) to the abundant reserves system (ARS). To eliminate excess liquidity and...
Persistent link: https://www.econbiz.de/10014491928
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Monetary regimes, money supply, and the USA business cycle since 1959 : implications for monetary policy today
Hollander, Hylton; Christensen, Lars - In: Macroeconomic dynamics 26 (2022) 7, pp. 1806-1832
Persistent link: https://www.econbiz.de/10013469774