Showing 1 - 10 of 76
, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … current crisis is the European Monetary Union (EMU) - a monetary union lacking fiscal and political integration. Such partial … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …
Persistent link: https://www.econbiz.de/10009503821
This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution … crisis conditions, and how the bank has actually used its leeway since 2007-or might do so in the future. The study finds … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …
Persistent link: https://www.econbiz.de/10011349470
crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … had remained unchecked prior to the crisis. As those imbalances eventually imploded, member states were found to be … unemployment continue to plague euro crisis countries. Its huge current account surplus highlights that the euro currency union …
Persistent link: https://www.econbiz.de/10011894027
Should the state treat men and women in identical ways, or should it legislate and enforce policies that are aware of gender differences? In other words, should the state be gender-blind or gender-sensitive? Gender, ethnic, religious, sexual orientation, ideological, economic, political, and...
Persistent link: https://www.econbiz.de/10003726997
This paper addresses three issues surrounding monetary policy formation: policy independence, choice of operating targets, and rules versus discretion. According to the New Monetary Consensus, the central bank needs policy independence to build credibility; the operating target is the overnight...
Persistent link: https://www.econbiz.de/10003727040
While Hyman P. Minsky is best known for his work on financial instability, he was also intimately involved in the postwar debates about fiscal policy and what would become the War on Poverty. Indeed, at the University of California, Berkeley, he was a vehement critic of the policies of the...
Persistent link: https://www.econbiz.de/10003727101
There is now widespread recognition that in most countries, private-sector investment has not been able to absorb surplus labor. This is all the more the case for poor unskilled people. Public works programs and employment guarantee schemes in South Africa, India, and other countries provide...
Persistent link: https://www.econbiz.de/10003727242
There is a body of literature that favors universal and unconditional public assurance policies over those that are targeted and means-tested. Two such proposalsthe basic income proposal and job guaranteesare discussed here. The paper evaluates the impact of each program on macroeconomic...
Persistent link: https://www.econbiz.de/10003727243
This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10008664014
), where economies have been most dramatically hit by the global crisis and its impact is likely to be most long …, especially the most vulnerable—including women. -- Economic crisis ; gender ; policy response ; pro-poor macro policies ; policy …
Persistent link: https://www.econbiz.de/10003974960