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The ECB's Fiscal Policy
Sinn, Hans‐Werner - 2018
While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and …
Persistent link: https://www.econbiz.de/10012916355
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The Monetary Policy of the ECB : A Robin Hood Approach?
Drometer, Marcus - 2013
We derive counterfactual national interest rate paths for the 17 Euro Area countries for the period 1999 to 2012 to … which focus on countries which fare economically worse than the Euro Area average explain the EONIA path best …
Persistent link: https://www.econbiz.de/10013083869
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National Representation in Multinational Institutions : The Case of the European Central Bank
Badinger, Harald - 2013
estimate Taylor rules for alternative sets of euro area aggregates derived from different weighting schemes of national …
Persistent link: https://www.econbiz.de/10013092423
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The European Central Bank : Lender of Last Resort in the Government Bond Markets?
De Grauwe, Paul - 2013
The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are also responsible for financial stability. An essential tool in maintaining financial stability is provided by the capacity of the central bank to be the lender of last resort in...
Persistent link: https://www.econbiz.de/10013092424
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The Failure of ECB Monetary Policy from a Mises-Hayek Perspective
Schnabl, Gunther - 2017
The paper analyses the common European monetary policy based on a Mises-Hayek over-investment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable over-investment...
Persistent link: https://www.econbiz.de/10012958878
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The Impact of Macro News and Central Bank Communication on Emerging European Forex Markets
Égert, Balázs - 2013
the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal …
Persistent link: https://www.econbiz.de/10013079876
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The ECB's Enhanced Credit Support
Trichet, Jean-Claude - 2013
Persistent link: https://www.econbiz.de/10013095524
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The European Central Bank's QE : A New Hope
Wieladek, Tomasz - 2016
We examine the impact of the ECB's QE on Euro Area real GDP and core CPI with a Bayesian VAR, estimated on monthly data …
Persistent link: https://www.econbiz.de/10012986934
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Inflation and Inflation Uncertainty in the Euro Area
Caporale, Guglielmo Maria - 2013
euro area, and investigates the linkages between them in a VAR framework, also allowing for the possible impact of the … introduction of the euro and resulting in lower long-run uncertainty. It also appears that the direction of causality has been … reversed, and that in the euro period the Friedman-Ball link is empirically supported, implying that the ECB can achieve lower …
Persistent link: https://www.econbiz.de/10013095747
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Monetary Union, Even Higher Integration, or Back to National Currencies?
Economides, George - 2016
This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...
Persistent link: https://www.econbiz.de/10012996680