The capital rules that banks have to comply with have become much more stringent since the financial crisis. The financial crisis brought home the fact that the capital buffers of banks were too small to absorb shocks. Financial aid from the state was required on a white scale to avoid more...

This paper analyses the usefulness of direct measures of consumers' perceptions and expectations of inflation for monetary policy and investigates the degree to which these variables are anchored. We inter alia seek to xplore whether there is a difference in reaction of consumers in countries...

Dit paper doet verslag van een onderzoek naar het verband tussen financiële markten en de reële economie aan de hand van de Q-theorie van het investeringsgedrag. In de Q-theorie kan het investeringsgedrag van bedrijven verklaard worden door het verloop van Tobin's Q, de ratio tussen de...