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This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
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The ECB has ended its net purchases of bonds. As a result, the ECB will no longer dampen volatility in the euro area bond markets to the same extent. This may lead to greater volatility in the Danish mortgage bond market. In recent years, banks have reduced their market-making capacity in the...
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ineffektivitet er, at den teknologiske udvikling og deregulering af banksektoren har gjort private bank kontopenge til mest … ineffectiveness of monetary policy is the fact that technological development and deregulation of the banking sector have turned bank … the economy – and regain public control over monetary policy – Central Banks should consider introducing Central Bank …
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