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Low inflation and monetary policy in the euro area

Conti, Antonio M.; Neri, Stefano; Nobili, Andrea - Task Force on Low Inflation (LIFT) - 2017

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below target thereafter. This paper employs a Bayesian VAR to quantify the contribution of a set of structural shocks, identified by means of sign restrictions, to inflation and economic...

Persistent link: https://www.econbiz.de/10011636807

Neue Segel, alter Kurs? : die Eurokrise und ihre Folgen für das europäische Wirtschaftsregieren

Bieling, Hans-Jürgen (ed.); Guntrum, Simon (ed.) - 2019

Persistent link: https://www.econbiz.de/10011971573

Central Bank Tools and Liquidity Shortages

Cecchetti, Stephen G.; Disyatat, Piti - London School of Economics and Political Science

The global financial crisis that began in mid-2007 has renewedconcerns about financial instability and focused attention onthe fundamental role of central banks in preventing andmanaging systemic crises. In response to the turmoil, centralbanks have made extensive use of both new and existing...

Persistent link: https://www.econbiz.de/10005869394

Provision of Liquidity through the Primary Credit Facility during the Financial Crisis: A Structural Analysis

Artuç, Erhan; Demiralp, Selva - Koç Üniversitesi <İstanbul>; London School of …

In this paper, we assess the effects of changes to the primarycredit facility since August 2007 by performing out-of-samplesimulations based on a model developed by Artuç andDemiralp (2008). Our results are highly consistent with thepredictions of our 2008 study—that is, the revised...

Persistent link: https://www.econbiz.de/10005869395

Mind the output gap : the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area

Groß, Marco; Semmler, Willi - Task Force on Low Inflation (LIFT) - 2017

We develop a theoretical model that features a business cycle-dependent relation between out- put, price inflation and inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale underlying the capacity constraint theory (Macklem...

Persistent link: https://www.econbiz.de/10011636803

Macroeconometric analysis of monetary policy, sovereign risk and commodity prices

Gießler, Stefan - 2020

Persistent link: https://www.econbiz.de/10012613529

Digitales Krisenmanagement : Krisenverarbeitung in der Computergesellschaft am Beispiel der US-Notenbank

Jekat, Christian - 2019

Persistent link: https://www.econbiz.de/10011984128

The great recession and its effects on monetary policy : from policy transmission to target dynamics

Dany-Knedlik, Geraldine - 2018

Geldpolitik; geldpolitischer Transmissionsmechanismus; Finanzmärkte und die Makroökonomie; Finanz …

Persistent link: https://www.econbiz.de/10012154729

The long-term distribution of expected inflation in the euro area : what has changed since the great recession?

Dovern, Jonas; Kenny, Geoff - Task Force on Low Inflation (LIFT) - 2017

This paper analyses the distribution of long-term inflation expectations in the euro area using individual density forecasts from the ECB Survey of Professional Forecasters. We exploit the panel dimension in this dataset to examine whether this distribution became less stable following the Great...

Persistent link: https://www.econbiz.de/10011636332

Die Bewältigung der Finanz- und Staatsschuldenkrise : die Rolle nationaler und europäischer Institutionen

Pilz, Frank - 2018 - 1. Auflage

Europäischen Semesters dargestellt. Eine besondere analytische Relevanz kommt dabei der Geldpolitik der Europäischen Zentralbank … -- Neuorientierung der Regulierungspolitik -- Die Politik der Bewältigung der Schuldenkrise im Euroraum -- Die Geldpolitik der … Europäischen Zentralbank (EZB) und ihre Risiken -- Urteile des Bundesverfassungsgerichts und des Europäischen Gerichtshofs zur …

Persistent link: https://www.econbiz.de/10011765404