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Persistent link: https://www.econbiz.de/10000678483
The depth of the crisis and the weakness of the ensuing recovery led to new ways to implement monetary policy. At the onset of the crisis, central banks in several advanced economies quickly moved policy rates to zero and initiated large-scale asset purchases. In more recent years, with...
Persistent link: https://www.econbiz.de/10014408638
Persistent link: https://www.econbiz.de/10000630405
The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of … representative interest rate instrument of the euro area in the SDR interest rate basket since 2006. However, faced with a … secondary market yield curve covering euro area government bonds rated either investment grade or AA and above. In staff's view …
Persistent link: https://www.econbiz.de/10014410559
This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …
Persistent link: https://www.econbiz.de/10014401399
Considers possible adjustments in the design of Fund-supported programs, drawing on the experience of low-income countries that have successfully addressed the most apparent domestic macroeconomic imbalances
Persistent link: https://www.econbiz.de/10014409774
facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …
Persistent link: https://www.econbiz.de/10014409833
some time with regional institutions in the euro area, the Central African Economic and Monetary Union (CEMAC), the Eastern … responsible for euro area policies have these discussions been formalized as constituting an integral part of the Fund …
Persistent link: https://www.econbiz.de/10014409950
This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are …
Persistent link: https://www.econbiz.de/10014405842
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852