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Central bank policies and financial markets : lessons from the Euro crisis
Mody, Ashoka; Nedeljkovic, Milan - 2018 - This version: November 20, 2018
bond markets and improved economic sentiment, as reflected in higher equity prices. In contrast, passive euro liquidity … provision and even active measures (policy rate reductions and bond market interventions) delivered modest results. Although …. Overall, the results point to the ECB's limits in helping improve financial market's sentiment. …
Persistent link: https://www.econbiz.de/10011942687
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …
Persistent link: https://www.econbiz.de/10012033212
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The Greek crisis and financial assistance programmes : an evaluation
Arghyrou, Michael Georgiou - 2015
We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The crisis and the first programme's (2010-11) failure were mainly the result of misguided internal policies. The second programme (2012-14) achieved progress towards recovery but this...
Persistent link: https://www.econbiz.de/10011384358
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Euro effects on the intensive and extensive margins of trade
Flam, Harry (contributor); Nordström, Håkan (contributor) - 2006
Persistent link: https://www.econbiz.de/10003462081
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US welfare reform : what's relevant for Europe?
Blank, Rebecca M. - 2002
This paper reviews the U.S. welfare reform efforts over the 1990s and the effects of these reforms to date. Seven lessons of potential interest to European observers are discussed, with particular attention to the conclusions of more recent research. Such research indicates, for example, that...
Persistent link: https://www.econbiz.de/10011410428
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On the causes of Brexit
Ágúst Arnórsson; Gylfi Zoega - 2016
in terms of the literature on the labour market effects of immigrants in the UK. Looking at the response of the sterling …
Persistent link: https://www.econbiz.de/10011523724
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Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe
Leith, Campbell B.; Malley, James R. - 2002
A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...
Persistent link: https://www.econbiz.de/10011409738
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The sword and the shield : the economics of targeted sanctions
Ahn, Daniel P.; Ludema, Rodney D. - 2019
How effective are "smart" sanctions in imposing costs on an adversary? We consider this question in a model where a targeted regime may choose to "shield" strategically important firms from harm. Using detailed firm and individual data, we estimate the impact on firm performance from smart...
Persistent link: https://www.econbiz.de/10012001872
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The Brexit conundrum worsens the UK's relationship with the European Union
Ryan, John T. - 2019
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...
Persistent link: https://www.econbiz.de/10012065056
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The transmission mechanism of credit support policies in the Euro Area
Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2017
We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission …
Persistent link: https://www.econbiz.de/10011646726