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Die Europäische Zentralbank (EZB) begründet ihr »Outright-Monetary-Trans­actions«-Programm (OMT-Programm) offiziell mit …
Persistent link: https://www.econbiz.de/10010877457
Since May 2010 at the latest, the ECB has been criticized for financing government bonds – at least indirectly – and for tolerating to be put under pressure by the fiscal side. The ECB itself has justified its securities markets programme and, thus, its government bond purchases by the need...
Persistent link: https://www.econbiz.de/10010757748
Beginnt die japanische Notenbank mit ihrer lockeren Geldpolitik einen Abwertungswettlauf? Jürgen Matthes, Institut der … japanische Geldpolitik aus der Perspektive der aufstrebenden Volkswirtschaften zu beurteilen. Für sie folge aus dem Kurs der … japanischen Geldpolitik, dass noch mehr Kapital in ihre Länder fließe, was mit der Gefahr der Bildung von Vermögensblasen, einer …
Persistent link: https://www.econbiz.de/10010684155
Das Bundesverfassungsgericht hat im Februar 2014 seine Entscheidung zum Beschluss der Europäischen Zentralbank zum OMT … lediglich über die technische Frage der erlaubten Instrumente der Europäischen Zentralbank entschieden zu haben. Doch auf dem …
Persistent link: https://www.econbiz.de/10010778750
Geldpolitik mit Hilfe von qualitativen Befragungsdaten. Besonderes Augenmerk liegt dabei auf der Untersuchung der Glaubwürdigkeit … der Europäischen Zentralbank (EZB), die als vergleichsweise junge Institution Reputation aufbauen muss. Grundlage der … Auswertung der Daten gehen eine ausführliche Übersicht über die wirtschaftswissenschaftliche Literatur zur Geldpolitik in den …
Persistent link: https://www.econbiz.de/10008791353
Indeed, the reaction of central banks to the crisis often resulted in remarkable technical innovations designed to improve the operational framework of monetary policy. However, the typology established several years ago by B. Bernanke and his colleagues remains valid. According to these...
Persistent link: https://www.econbiz.de/10010965616
The issue of the financial crisis draws more and more the specialists’ attention. The monetary policy has a decisive role in monitoring and reducing the inflationary phenomenon as much as possible, since it can become a real danger for an economy during a period of crisis. Inflation is a...
Persistent link: https://www.econbiz.de/10010859901
The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors’ rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts...
Persistent link: https://www.econbiz.de/10010885097
There is probably no single economic concept that has attracted more attention and intrigued scientific and professional circles than financial stability. For over a decade now that have been efforts to establish the starting point in explaining this condition or characteristic of the financial...
Persistent link: https://www.econbiz.de/10010930547
The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...
Persistent link: https://www.econbiz.de/10011259520