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addresses how effective these sterilisation policies are. -- Accountability ; bail-out ; bond purchases ; central bank … independence ; insolvency risk ; Securities Markets Programme ; transparency … Analysten äußern Bedenken, dass durch die Anleihenkäufe von nun an die Geldpolitik von den nationalen Fiskalpolitiken dominiert …
Persistent link: https://www.econbiz.de/10008933298
We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off . Communicating about the exit strategy must be an integral part of the exit strategy....
Persistent link: https://www.econbiz.de/10003961040
Dieser Beitrag untersucht die Argumente für und gegen einen Ausstieg aus der expansiven Geldpolitik. Der Fokus liegt …
Persistent link: https://www.econbiz.de/10010227698
It is widely assumed that a common currency makes it desirable to have also a common fiscal policy. However, if fiscal policy is a source of shocks, independent national fiscal policies are generally preferable because they allow for risk diversification. -- Currency union ; fiscal policy...
Persistent link: https://www.econbiz.de/10003745058
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937
Persistent link: https://www.econbiz.de/10001654035
Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would...
Persistent link: https://www.econbiz.de/10003811803
Persistent link: https://www.econbiz.de/10009406311