Showing 1 - 6 of 6
Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting …
Persistent link: https://www.econbiz.de/10003811803
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
between the UK and the EU27 is large and of a similar order of magnitude as transatlantic trade (between the EU and the US …). The precise nature of the (hopefully free) trade agreement UK-EU-27 is still being negotiated. But all available studies … concur that a significant disruption of trade links will impose economic costs on both sides. However, the EU27 would bear …
Persistent link: https://www.econbiz.de/10011662701
Die vorliegende Studie misst den Einfluss ökonomischer Unsicherheit, die durch das EU-Referendum in Großbritannien … unserer Resultate hat die politische Unsicherheit, die direkt auf das EU-Referendum zurückgeführt werden kann, vor und nach …
Persistent link: https://www.econbiz.de/10011570794
With the ECB's policy rate having reached the zero lower bound, traditional monetary policy tools became ineffective and the ECB was forced to adopt a set of unconventional monetary policy (UMP) measures. This paper examines the effects of the ECB’s UMP on inflation expectations in the Euro...
Persistent link: https://www.econbiz.de/10012149519
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10011640939