Similar Search Results

Quantitative Easing and Its Impact in the US, Japan, the UK and Europe

Hausken, Kjell - 2013

This volume empirically analyzes the effects of quantitative easing (QE) on interest rates and the economy in the US … simulation results suggest that the unconventional monetary policies have a positive influence on industrial production in the US …, UK and Japan. The authors’ analysis finds that QE contributes to the reduction in unemployment in the US and Japan, and a …

Persistent link: https://www.econbiz.de/10014017297

Global Supply Chain Pressures, International Trade, and Inflation

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - National Bureau of Economic Research - 2022

We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...

Persistent link: https://www.econbiz.de/10013334457

The First Year of the Eurosystem : Inflation Targeting or Not?

Svensson, Lars E.O. - 2000

This paper is a brief evaluation of the Eurosystem's monetary-policy regime after its first year, in particular of the extent to which it is similar to inflation targeting as practiced by an increasing number of central banks. I examine the Eurosystem's goals, framework for monetary-policy...

Persistent link: https://www.econbiz.de/10012470926

The European Central Bank and the Euro : The First Year

Feldstein, Martin - 2000

The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies of their own. The experience of the first year confirms that one size...

Persistent link: https://www.econbiz.de/10012471257

Exchange Rate Pass-Through and the Welfare Effects of the Euro

Devereux, Michael B. - 1999

-rate volatility, much the way U.S. consumer prices already are. We show that this has profound consequences for both the volatility … and levels of macroeconomic aggregates in both the U.S. and Europe. We find that European welfare is enhanced, and, more … surprisingly U.S. shares in Europe's good fortune. Alternative assumptions about how pricing behavior will change lead to different …

Persistent link: https://www.econbiz.de/10012471402

The Future of EMU : What Does the History of Monetary Unions Tell Us?

Bordo, Michael D. - 1999

The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...

Persistent link: https://www.econbiz.de/10012471419

Tradable Deficit Permits : Efficient Implementation of the Stability Pacin the European Monetary Union

Casella, Alessandra - 1999

Borrowing from the experience of environmental markets, this paper proposes a system of tradable deficit permits as an efficient mechanism for implementing fiscal constraints in the European Monetary Union: having chosen an aggregate target for the Union and an initial distribution of permits,...

Persistent link: https://www.econbiz.de/10012471505

EMU : Ready, or Not?

Obstfeld, Maurice - 1999

In this paper I focus on two specific hazard areas in the transition from Stage Two to Stage Three of European economic and monetary union (EMU), as well as on some key problems of Stage Three that EMU's monetary and fiscal structures appear ill-prepared to handle. The transitional hazards are...

Persistent link: https://www.econbiz.de/10012471509

Eurosystem Monetary Targeting : Lessons from U.S. Data

Rudebusch, Glenn D. - 1999

Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative …

Persistent link: https://www.econbiz.de/10012471609

Monetary Policy Issues for the Eurosystem

Svensson, Lars E.O. - 1999

The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the actual strategy the Eurosystem announced in the fall of 1998, the framework for policy decisions appropriate for achieving the goals of the Eurosystem, the role of exchange...

Persistent link: https://www.econbiz.de/10012471610

1
2
3
4
5
6
7
8
9
10
Next
Last