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Coordinating monetary and financial regulatory policies
Van der Ghote, Alejandro - 2018
How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address …
Persistent link: https://www.econbiz.de/10011856525
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Expectations-driven liquidity traps : implications for monetary and fiscal policy
Nakata, Taisuke; Schmidt, Sebastian - 2019
We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence can give rise to persistent liquidity trap episodes. Unlike in the case of fundamental-driven liquidity traps, there is no straightforward recipe for mitigating the welfare costs...
Persistent link: https://www.econbiz.de/10012037377
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Designing QE in a fiscally sound monetary union
Bletzinger, Tilman; Thadden, Leopold von - 2018
This paper develops a tractable model of a monetary union with a sound fiscal governance structure and shows how in such environment the design of monetary policy above and at the lower bound constraint on short-term interest rates can be linked to well-known findings from the literature dealing...
Persistent link: https://www.econbiz.de/10011856536
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Dynamic fiscal limits and monetary-fiscal policy interactions
Battistini, Niccolò; Callegari, Giovanni; Zavalloni, Luca - 2019
This paper analyzes the impact of monetary policy on public debt sustainability through the lens of a general equilibrium model with fiscal limits. We find that the mere possibility of a binding ZLB may have detrimental effects on debt sustainability, as a kink in the Laffer curve induces a...
Persistent link: https://www.econbiz.de/10011997483
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Rethinking capital regulation : the case for a dividend prudential target
Muñoz, Manuel A. - 2020
existing capital regulation by tackling this issue. Welfare-maximizing DPTs are effective (more than the CCyB) in smoothing the … a Basel III-type of capital regulation through various channels. …
Persistent link: https://www.econbiz.de/10012241228
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Climate transition risk in the banking sector : what can prudential regulation do?
Grill, Michael; Popescu, Alexandra; Rancoita, Elena - 2024
paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation … increases the volatility of lending and output. We further show that relying on microprudential regulation alone would not be … microprudential regulation, leads to a Pareto improvement. …
Persistent link: https://www.econbiz.de/10014490442
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Wozu noch objektive Marktzugangsbeschränkungen im straßengebundenen ÖPNV?
Weiß, Hans-Jörg - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 8, pp. 547-553
Der straßengebundene öffentliche Personennahverkehr wurde bislang von Liberalisierungsbestrebungen ausgenommen. Im Personenbeförderungsgesetz sind objektive Marktzugangsbeschränkungen verankert, die lediglich im Fernverkehr, nicht aber im Nahverkehr abgebaut werden sollen. Der Autor...
Persistent link: https://www.econbiz.de/10009620391
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Die Netzneutralitätsdebatte aus ökonomischer Sicht
Fetzer, Thomas; Peitz, Martin; Schweitzer, Heike - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 11, pp. 777-783
Unter dem Stichwort „Netzneutralität“ wird in Öffentlichkeit und Politik zur Zeit intensiv diskutiert, welchen Anforderungen die Datenübertragung in Telekommunikationsnetzen künftig genügen muss. Dabei stellt sich die Frage, ob Daten priorisiert werden dürfen und wenn ja, in welchem...
Persistent link: https://www.econbiz.de/10009678898
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Wohlstand und Regulierung : (k)ein entweder oder? – eine Replik
Schöbel, Enrico; Petersen, Lars - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 93 (2013) 4, pp. 267-269
Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various … relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality … and other aspects matter. Hence, political acumen is required. Enste and Wicher reply to criticism of the regulation index …
Persistent link: https://www.econbiz.de/10009742944
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Product market regulation, business churning and productivity : evidence from the European Union countries
Anderton, Bob; Di Lupidio, Benedetta; Jarmulska, Barbara - 2019
countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …
Persistent link: https://www.econbiz.de/10012132481