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Finanz- und Wirtschaftspolitik bei einer anhaltenden monetären Expansion
Kooths, Stefan; Schwarzmüller, Tim; Scheide, Joachim; … - 2014
In Reaktion auf die Finanzkrise hat das Eurosystem seine Geldpolitik massiv gelockert. So hat die Europäische … budgets in several countries of the euro area. This has led to large liquidity flows into Germany. This situation is expected … to continue for some time to come. With huge amounts of excess liquidity already accumulated in the German banking sector …
Persistent link: https://www.econbiz.de/10010343472
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Makroprudenzielle Finanzmarktpolitik : nationale Handlungsoptionen im Euroraum
Roye, Björn van; Plödt, Martin; Scheide, Joachim; … - 2014
Persistent link: https://www.econbiz.de/10010408479
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The performance impact of firm ownership transformation in China
Beirne, John; Liu, Guy S.; Sun, Pei - European Central Bank - 2013
Does firm ownership change affect performance? On the basis of a mean-value analysis and a fixed effects panel analysis of over 1100 Chinese companies during the period of ownership reform (1997-2003), this paper examines the performance impact of firm ownership transformation in China. The data...
Persistent link: https://www.econbiz.de/10010709524
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Euroraum: gemeinsame Währung - nationales Geld
Kooths, Stefan - 2012
Persistent link: https://www.econbiz.de/10009558427
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Nationale Geldschöpfung im Euroraum : Mechanismen, Defekte, Therapie
Kooths, Stefan - 2012
Persistent link: https://www.econbiz.de/10009559835
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The impact of the Eurosystem's covered bond purchase programme on the primary and secondary markets
Beirne, John; Dalitz, Lars; Ejsing, Jacob; Grothe, Magdalena - European Central Bank - 2011
credit institutions to maintain and expand their lending to clients, and (iv) improving market liquidity in important …
Persistent link: https://www.econbiz.de/10010688351
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The impact of the Eurosystem's covered bond purchase programme on the primary and secondary markets
Beirne, John; Dalitz, Lars; Ejsing, Jacob; Grothe, Magdalena - European Central Bank - 2011
credit institutions to maintain and expand their lending to clients, and (iv) improving market liquidity in important …
Persistent link: https://www.econbiz.de/10008802577
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Gauging the effects of fiscal stimulus packages in the euro area
Coenen, Günter; Straub, Roland; Trabandt, Mathias - European Central Bank - 2012
We seek to quantify the impact on euro area GDP of the European Economic Recovery Plan (EERP) enacted in response to the financial crisis of 2008-09. To do so, we estimate an extended version of the ECB’s New Area-Wide Model with a richly specified fiscal sector. The estimation results point...
Persistent link: https://www.econbiz.de/10010686873
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Fiscal policy and the great recession in the Euro area
Coenen, Günter; Straub, Roland; Trabandt, Mathias - European Central Bank - 2012
How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that discretionary fiscal measures have increased annualized quarterly real GDP growth during the crisis by up to 1.6 percentage points. We obtain our result by using an extended version of...
Persistent link: https://www.econbiz.de/10010541257
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Fiscal consolidation in the euro area: long-run benefits and short-run costs.
Coenen, Günter; Mohr, Matthias; Straub, Roland - European Central Bank - 2008
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...
Persistent link: https://www.econbiz.de/10005530882