Similar Search Results

German labor market and fiscal reforms 1999-2008 : Can they be blamed for intra-euro area imbalances?

Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - In: Journal of macroeconomics 50 (2016), pp. 307-324

Persistent link: https://www.econbiz.de/10011707897

Optimal monetary-fiscal policy in the euro area liquidity crisis

Filiani, Pasquale - In: Journal of macroeconomics 70 (2021), pp. 1-19

Persistent link: https://www.econbiz.de/10013275458

Tracking growth in the euro area subject to a dimensionality problem

Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2021

We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...

Persistent link: https://www.econbiz.de/10012625874

Expectations-driven liquidity traps : implications for monetary and fiscal policy

Nakata, Taisuke; Schmidt, Sebastian - 2019

can give rise to persistent liquidity trap episodes. Unlike in the case of fundamental-driven liquidity traps, there is no …-driven liquidity traps. Raising the in ation target or appointing an in ation-conservative central banker improves in ation outcomes … sufficiently less concerned with government spending stabilization than society can eliminate expectations-driven liquidity traps …

Persistent link: https://www.econbiz.de/10012037377

Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment

Coenen, Günter; Montes-Galdon, Carlos; Smets, Frank - 2020

We study the incidence and severity of lower-bound episodes and the efficacy of three types of state-dependent policies - forward guidance about the future path of interest rates, large-scale asset purchases and spending-based fiscal stimulus - in ameliorating the adverse consequences stemming...

Persistent link: https://www.econbiz.de/10012137689

Macroeconomic effects of carbon transition policies : an assessment based on the ECB's New Area-Wide Model with a disaggregated energy sector

Coenen, Günter; Lozej, Matija; Priftis, Romanos - 2023

We use scenario analysis to assess the macroeconomic effects of carbon transition policies aimed at mitigating climate change. To this end, we employ a version of the ECB's New Area-Wide Model (NAWM) augmented with a framework of disaggregated energy production and use, which distinguishes...

Persistent link: https://www.econbiz.de/10014315252

The implications of liquidity regulation for monetary policy implementation and the central bank balance sheet size : an empirical analysis of the euro area

Kedan, Danielle; Ventula Veghazy, Alexia - 2021

We analyse the impact of the Liquidity Coverage Ratio (LCR) on the demand for central bank reserves in the euro area … crisis and the associated introduction of new liquidity regulation. …

Persistent link: https://www.econbiz.de/10012420275

Nonlinear liquidity adjustments in the euro area overnight money market

Beaupain, Renaud; Durré, Alain - 2012

Persistent link: https://www.econbiz.de/10009765930

Lending-of-last-resort is as lending-of-last-resort does : central bank liquidity provision and interbank market functioning in the euro area

Garcia de Andoain, Carlos; Heider, Florian; Hoerova, Marie - 2016

Persistent link: https://www.econbiz.de/10011448928

Does liquidity matter? : Properties of a synthetic divisia monetary aggregate in the euro area

Stracca, Livio - 2001

Persistent link: https://www.econbiz.de/10001636927

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