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A New Consensus in Macroeconomics (NCM) has emerged over the past couple of decades or so, which has become highly influential in terms of current thinking on the macroeconomy and of economic policy, especially monetary policy. Its main implication for economic policy has been the implementation...
Persistent link: https://www.econbiz.de/10010849645
of crisis that, from our point of view, have mainly characterized our economies in the near past. Moreover, we emphasize … volatility and crisis probability. The uncertainty and low credibility of policies have shown a tendency to mutually reinforce by …
Persistent link: https://www.econbiz.de/10010849673
Sixteen countries across the world ¡ª including the United States and many European nations ¡ª have fallen into economic crises since the late 1990s. In <em>The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions</em>, Jonathan E Leightner convincingly argues that...
Persistent link: https://www.econbiz.de/10011010979
particular focus on the recent economic crisis. Toward that end, a New Keynesian model with price and wage rigidities is used …. The results show that monetary policy responded counter-cyclically during the crisis only in countries with weak trade …
Persistent link: https://www.econbiz.de/10010930602
out of the current crisis. Overall, our results indicate that markets are more integrated since the crisis, which suggest …
Persistent link: https://www.econbiz.de/10011212049
Persistent link: https://www.econbiz.de/10005243490
The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt … crisis of 2010-11. During the worst of the recent financial crisis/Great Recession many observers made comparisons between …
Persistent link: https://www.econbiz.de/10010541084
of crisis that, from our point of view, have mainly characterized our economies in the near past. Moreover, we emphasize … volatility and crisis probability. The uncertainty and low credibility of policies have shown a tendency to mutually reinforce by …
Persistent link: https://www.econbiz.de/10010552036
В статье рассматриваются основные мероприятия финансовой политики, реализованные в странах мира, в частности, Европе, США, Китае и Японии, направленные на...
Persistent link: https://www.econbiz.de/10011226259
The Bundesbank and the Banque de France held their third joint conference on 19 and 20 May 2011 in Hamburg. The conference was devoted to the challenges that macroeconomic policy – in the form of monetary, fi scal and tax policy – must address in the short and long run.
Persistent link: https://www.econbiz.de/10010815939