Showing 1 - 10 of 93
proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but …
Persistent link: https://www.econbiz.de/10005045928
One year ago most economic observers predicted that "fundamentals" were such that the euro was set to appreciate. In …
Persistent link: https://www.econbiz.de/10005046230
fundamentals coupled with OECD-wide abundant liquidity. Regarding the latter two factors, principal component analysis was used … analysis finds that both economic fundamentals and liquidity have played a statistically significant role in driving the common … had fallen below what could be explained by economic fundamentals and liquidity ... Les déterminants des primes de risque …
Persistent link: https://www.econbiz.de/10005045804
A survey of the literature on asset price impacts on the real economy shows a much wider range of work on consumption and related wealth effects than on investment. The existence of wealth effects on consumption is little contested, but there remains an issue of whether different effects should...
Persistent link: https://www.econbiz.de/10012444094
Switzerland has had a long-standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the...
Persistent link: https://www.econbiz.de/10012445520
One year ago most economic observers predicted that "fundamentals" were such that the euro was set to appreciate. In …
Persistent link: https://www.econbiz.de/10012446917
proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but …
Persistent link: https://www.econbiz.de/10012446955
How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four...
Persistent link: https://www.econbiz.de/10011276907
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
A survey of the literature on asset price impacts on the real economy shows a much wider range of work on consumption and related wealth effects than on investment. The existence of wealth effects on consumption is little contested, but there remains an issue of whether different effects should...
Persistent link: https://www.econbiz.de/10008542500