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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/10003879570
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
inflation. This renders it difficult for central bank to exit from their current very expansive monetary policy stance if they …
Persistent link: https://www.econbiz.de/10003934687
We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit …
Persistent link: https://www.econbiz.de/10003958646
We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit … Volkswirtschaften aus Fernost. Eine Koordination des geld- und fiskalpolitischen Ausstiegs würde die Unabhängigkeit der EZB untergraben …
Persistent link: https://www.econbiz.de/10003961040
After the dramatic rescue package for the euro area, the governing council of the European Central Bank decided to … sterilise its bond purchases - compensating those purchases through sales of other bonds or money market instruments to keep the … overall money supply unaffected. This is to counter accusations that the ECB is monetizing government debt. This note …
Persistent link: https://www.econbiz.de/10009261344
Dieser Beitrag untersucht die Argumente für und gegen einen Ausstieg aus der expansiven Geldpolitik. Der Fokus liegt …
Persistent link: https://www.econbiz.de/10010227698
exit from unconventional monetary policies (UMP) by the Fed, which, appears to be the first central bank to lay out an …
Persistent link: https://www.econbiz.de/10010371341
preserve the integrity of the single currency. This has challenged the current framework of the Monetary Dialogue exercise …
Persistent link: https://www.econbiz.de/10010404067
Persistent link: https://www.econbiz.de/10008759381