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The impact of the euro crisis on Switzerland
Simon, Silvia; Hausner, Karl Heinz - In: Intereconomics : review of European economic policy 47 (2012) 2, pp. 112-119
The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was … rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment …. This paper gives an overview of developments in the euro area and explains the reasons for the strength of the franc, the …
Persistent link: https://www.econbiz.de/10009682346
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Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011308548
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The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis
Schnabl, Gunther - 2013
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10013081055
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Floating exchange rates are no panacea : six questions to Professor Raymond Barre, Vice-President of the EEC, Brussels
Barre, Raymond (interviewee) - In: Intereconomics : review of European economic policy 6 (1971) 8, pp. 235-237
Persistent link: https://www.econbiz.de/10011560101
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The impact of the euro crisis on Switzerland
Simon, Silvia; Hausner, Karl Heinz - In: Intereconomics : review of European economic policy 47 (2012) 2, pp. 112-119
Persistent link: https://www.econbiz.de/10009520541
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The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
Persistent link: https://www.econbiz.de/10009490521
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The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
A monetary union among autonomous countries cannot simultaneously maintain an independent monetary policy, national fiscal sovereignty and a no-bailout clause. These three features make up an impossible trinity, and attempts to preserve all three concurrently will ultimately end in failure. In...
Persistent link: https://www.econbiz.de/10009686816
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Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area
Peersman, Gert - 2013
I find that the Eurosystem can stimulate the economy beyond the policy rate by increasing the size of its balance sheet or the monetary base, that is so-called quantitative easing. The transmission mechanism turns out to be different compared to traditional interest rate innovations: whilst the...
Persistent link: https://www.econbiz.de/10013092365
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Asset Allocation and Monetary Policy : Evidence from the Eurozone
Hau, Harald - 2014
The eurozone has a single short-term nominal interest rate, but monetary policy conditions measured by real short …
Persistent link: https://www.econbiz.de/10013045340
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The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area
Altavilla, Carlo - 2013
surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … mechanism, but also about the differences between the euro area and the US, which are on average essentially small …
Persistent link: https://www.econbiz.de/10012753184