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Schaaf, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 21-39

Every initiative that potentially increases the effectiveness of monetary policy is welcome. The European Union's Capital Markets Union (CMU) project is potentially a point in case, even though monetary policy is not a policy target of CMU. Increasingly developed capital markets in the EU are...

Persistent link: https://www.econbiz.de/10012054625

2020 US neutral rate assessment

Bootsma, James; Carter, Thomas J.; Chen, Xin Scott; … - 2020

potential output growth, inequality, demand for safe assets and the level of US government debt. Results from the new models … output growth, higher inequality and heightened demand for safe assets. …

Persistent link: https://www.econbiz.de/10012619163

Indian economy: Selected methodological advances

Joseph, Mathew; Singh, Karan; Dash, Ranjan Kumar; … - 2011

growth rate of the economy and the agricultural sector, extends the analysis of the fiscal stimulus and its effects, and … potential growth rate of economy and that of agriculture to achieve a non-inflationary, high growth trajectory for the country …. The fiscal stimulus effects indicate the importance of fiscal consolidation efforts to sustain high growth. The trade …

Persistent link: https://www.econbiz.de/10011807659

Basic exchange rate theories

Marrewijk, Charles van - 2005

This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from...

Persistent link: https://www.econbiz.de/10011343290

Does EMU require CMU?

Schaaf, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 21-39

Every initiative that potentially increases the effectiveness of monetary policy is welcome. The European Union’s Capital Markets Union (CMU) project is potentially a point in case, even though monetary policy is not a policy target of CMU. Increasingly developed capital markets in the EU are...

Persistent link: https://www.econbiz.de/10012051175

2020 US neutral rate assessment

Bootsma, James; Carter, Thomas J.; Chen, Xin Scott; … - 2020

Persistent link: https://www.econbiz.de/10012319158

Global Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?

Friedrich, Christian - Bank of Canada - 2014

Inflation dynamics in advanced countries have produced two consecutive puzzles during the years after the global financial crisis. The first puzzle emerged when inflation rates over the period 2009-11 were consistently higher than expected, although economic slack in advanced countries reached...

Persistent link: https://www.econbiz.de/10010885041

International Transmission Channels of U.S. Quantitative Easing: Evidence from Canada

Dahlhaus, Tatjana; Hess, Kristina; Reza, Abeer - Bank of Canada - 2014

The U.S. Federal Reserve responded to the great recession by reducing policy rates to the effective lower bound. In order to provide further monetary stimulus, they subsequently conducted large-scale asset purchases, quadrupling their balance sheet in the process. We assess the international...

Persistent link: https://www.econbiz.de/10010960398

Basic Exchange Rate Theories

Marrewijk, Charles van - Tinbergen Institute - 2005

Persistent link: https://www.econbiz.de/10005144534

More Pain, No Gain for Greece: Is the Euro Worth the Costs of Pro-Cyclical Fiscal Policy and Internal Devaluation?

Weisbrot, Mark; Montecino, Juan Antonio - Center for Economic and Policy Research (CEPR) - 2012

will lead the country to a point where it returns to growth, has a sustainable debt burden, and can borrow from private …

Persistent link: https://www.econbiz.de/10009651286