Narrow search
Showing 1 - 7 of 7
Cover Image
Background studies for the ECB's evaluation of its monetary policy strategy
Issing, Otmar (contributor) - European Central Bank - 2003
Persistent link: https://www.econbiz.de/10004820102
Cover Image
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
Cover Image
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
Cover Image
Keynesian government spending multipliers and spillovers in the euro area
Cwik, Tobias; Wieland, Volker - European Central Bank - 2010
The global financial crisis has lead to a renewed interest in discretionary fiscal stimulus. Advocates of discretionary measures emphasize that government spending can stimulate additional private spending — the Keynesian multiplier effect. Thus, we investigate whether the spending package...
Persistent link: https://www.econbiz.de/10008727403
Cover Image
Opting out of the Great Inflation: German monetary policy after the break down of Bretton Woods
Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina; … - European Central Bank - 2009
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the...
Persistent link: https://www.econbiz.de/10005002749
Cover Image
The central bank as a risk manager: quantifying and forecasting inflation risks
Kilian, Lutz; Manganelli, Simone - European Central Bank - 2003
increased, we find that, as of September 2002, with the exception of Japan there is no evidence of substantial deflation risks …. We also put the estimates of deflation risk for the United States, Germany and Japan into historical perspective. We find … that only for Japan there is evidence of deflation risks that are unusually high by historical standards. JEL …
Persistent link: https://www.econbiz.de/10005530801
Cover Image
Money in monetary policy design: Monetary cross-checking in the New-Keynesian model
Wieland, Volker; Beck, Günter W. - European Central Bank - 2010
In the New-Keynesian model, optimal interest rate policy under uncertainty is formulated without reference to monetary aggregates as long as certain standard assumptions on the distributions of unobservables are satisfied. The model has been criticized for failing to explain common trends in...
Persistent link: https://www.econbiz.de/10008459134