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Driven by the markets? : ECB sovereign bond purchases and the securities markets programme

Belke, Ansgar - 2010

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

Monetary dialogue 2009 - 2014 : looking backward, looking forward

Belke, Ansgar - 2014

regarding its focus range, to make it even more effective. In our view, the transparency/accountability issue represented by a … optimal degree of ECB transparency and accountability towards the EP, the key democratic institution. … gegenwärtig stark verändernden Geldpolitik. Die Diskussion wird geführt im Hinblick auf die Verwendung eines Zinsausblicks …

Persistent link: https://www.econbiz.de/10010259542

Financial crisis, global liquidity and monetary exit strategies

Belke, Ansgar - 2010

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

Exit strategies and their impact on the Euro area : a model based view

Belke, Ansgar - 2014

Dieser Beitrag untersucht die Argumente für und gegen einen Ausstieg aus der expansiven Geldpolitik. Der Fokus liegt …

Persistent link: https://www.econbiz.de/10010227698

Is fiscal policy coordination needed in a common currency area?

Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2008

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

Towards a balanced policy mix under EMU : co-ordination of macroeconomic policies and "economic government"?

Belke, Ansgar - In: Journal of economic integration 17 (2002) 1, pp. 21-53

Persistent link: https://www.econbiz.de/10001654035

The importance of global shocks for national policy makers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2009

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

The euro area crisis management framework : consequences for convergence and institutional follow-ups

Belke, Ansgar - In: Journal of economic integration 26 (2011) 4, pp. 672-704

Persistent link: https://www.econbiz.de/10009406311

Fiscal stimulus packages and uncertainty in times of crisis : the option of waiting can be valuable, though!

Belke, Ansgar (contributor) - 2009

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

Measuring fiscal spillovers in EMU and beyond : a global VAR approach

Belke, Ansgar; Osowski, Thomas - 2016

This paper identifies and measures fiscal spillovers in the EU countries empirically using a global vector autoregression (GVAR) model. Our aim is to look at the sign and the absolute values of fiscal spillovers in a country-wise perspective and at the time profile (impulse response) of the...

Persistent link: https://www.econbiz.de/10011570987