The terrorist attacks of September 11 have challenged the view that the U.S. economy is on the brink of recovery. This article discusses the effects of the attacks on real GDP taking the Kiel Institute's forecast of September 10 as the baseline scenario. The focus is on assessing the direct...

A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on...

Weltweite konjunkturelle Auswirkungen von Immobilienkrisen Nils Jannsen Nr. 458 | Oktober 2008 Kieler Diskussionsbeiträge Institut für Weltwirtschaft Kiel Web: www.ifw-kiel.de Nils Jannsen Institut für Weltwirtschaft 24100 Kiel Telefon: +49/431/8814-298 E-Mail:...

This paper discusses instruments and operating procedures of the conduct of monetary policy in the major industrial countries. The exchange rate mechanism of the European Monetary System (EMS) provides clear evidence of the role of exchange rates in influencing monetary policy; the commitment of...