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Quantitative easing: A rationale and some evidence from Japan
Wieland, Volker - Center for Financial Studies - 2009
. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced … of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal … Reserve and the European Central Bank. Empirical evidence from the previous period of quantitative easing in Japan between …
Persistent link: https://www.econbiz.de/10010958535
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Risks to price stability, the zero lower bound and forward guidance: A real-time assessment
Coenen, Günter; Warne, Anders - Center for Financial Studies - 2013
in the risk balance throughout our evaluation period because of the implied amplification of deflation risks. We then …
Persistent link: https://www.econbiz.de/10010986359
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The unintended consequences of the debt: Will increased government expenditure hurt the economy?
Werner, Richard A. - Center for Financial Studies - 2011
that of Japan in the 1990s. Then a weak economy with risk-averse banks seemed to require some of the largest peacetime …
Persistent link: https://www.econbiz.de/10010958773
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Der Euro in stürmischen Zeiten : Beiträge von Otmar Issing zur Wirtschafts- und Währungspolitik am Center for Financial Studies 2006-2015
Issing, Otmar - Center for Financial Studies - 2016
Persistent link: https://www.econbiz.de/10011478326
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Inflation rate dispersion and convergence in monetary and economic unions: lessons for the ECB
Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2005
Using a set of regional inflation rates we examine the dynamics of inflation dispersion within the U.S.A., Japan and …
Persistent link: https://www.econbiz.de/10010986384
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Price stability, inflation convergence and diversity in EMU: Does one size fit all?
Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2005
Using a unique data set of regional inflation rates we are examining the extent and dynamics of inflation dispersion in major EMU countries before and after the introduction of the euro. For both periods, we find strong evidence in favor of mean reversion (?-convergence) in inflation rates....
Persistent link: https://www.econbiz.de/10010986440
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Three great American disinflations
Bordo, Michael D.; Erceg, Christopher; Levin, Andrew; … - Center for Financial Studies - 2006
In this paper, we examine three famous episodes of deliberate deflation (or disinflation) in U.S. history, including … gradual deflation could have helped avoid the sharp post-WWI depression. But our analysis also suggests that the strong …
Persistent link: https://www.econbiz.de/10010958695
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Inflation Rate Dispersion and Convergence in Monetary and Economic Unions: Lessons for the ECB
Beck, Günter W.; Weber, Axel A. - Center for Financial Studies - 2005
Using a set of regional inflation rates we examine the dynamics of inflation dispersion within the U.S.A., Japan and …
Persistent link: https://www.econbiz.de/10005022439
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Price Stability, Inflation Convergence and Diversity in EMU: Does One Size Fit All?
Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2005
Using a unique data set of regional inflation rates we are examining the extent and dynamics of inflation dispersion in major EMU countries before and after the introduction of the euro. For both periods, we find strong evidence in favor of mean reversion (ß-convergence) in inflation rates....
Persistent link: https://www.econbiz.de/10005022451