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States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives
Balling, Morten; Egger, Peter; Gnan, Ernest; Weber, Axel A. - 2013
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689958
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Weltwirtschaft im Frühjahr 2022 - Verlangsamte Expansion bei hoher Inflation
Gern, Klaus-Jürgen; Kooths, Stefan; Reents, Jan; … - 2022
und die US-Notenbank das Ende der extrem expansiven Geldpolitik eingeläutet hat. Höhere Rohstoffpreise treiben die …
Persistent link: https://www.econbiz.de/10013174511
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World Economy Summer 2023: Growth remains subdued
Gern, Klaus-Jürgen; Kooths, Stefan; Reents, Jan; … - 2023
A number of factors that contributed to the weakening of the global economy in the past year have recently improved significantly. Energy prices have reversed, the prospects for a steady expansion in China have improved with the abandonment of the zero-Covid policy, and supply bottlenecks have...
Persistent link: https://www.econbiz.de/10014423952
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Weltwirtschaft im Sommer 2023: Expansion bleibt vorerst schwach
Stolzenburg, Ulrich; Sonnenberg, Nils; Gern, Klaus-Jürgen - 2023
hat. Bremsend wirkt allerdings die scharfe Straffung der Geldpolitik, die zu deutlich höheren Finanzierungskosten geführt …
Persistent link: https://www.econbiz.de/10014423984
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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - 2007
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel...
Persistent link: https://www.econbiz.de/10011604866
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Business cycle synchronization and insurance mechanisms in the EU
Afonso, António; Furceri, Davide - 2007
, business cycles are not yet well synchronized with the euro area’s business cycle, and risk-sharing mechanisms may not provide …
Persistent link: https://www.econbiz.de/10011604890
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What do we really know about fiscal sustainability in the EU?: a panel data diagnostic
Afonso, António; Rault, Christophe - 2008
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration techniques developed by...
Persistent link: https://www.econbiz.de/10010264310
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Italien an der Belastungsgrenze? Eine Projektion der gesamtstaatlichen Zinslast in den vier größten Volkswirtschaften des Euroraums
Stolzenburg, Ulrich - 2018
verschiedene Szenarien für die zukünftige Zinshöhe, Zinsstruktur sowie die Risikoaufschläge entwickelt. Italiens Staatsfinanzen …
Persistent link: https://www.econbiz.de/10011926950
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Level, slope, curvature of the sovereign yield curve, and fiscal behaviour
Afonso, António; Martins, Manuel M.F. - 2010
We study fiscal behaviour and the sovereign yield curve in the U.S. and Germany in the period 1981:I-2009:IV. The latent factors, level, slope and curvature, obtained with the Kalman filter, are used in a VAR with macro and fiscal variables, controlling for financial stress conditions. In the...
Persistent link: https://www.econbiz.de/10011605322
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Diskussion zur Geldordnung: Wie ist das Konzept des Vollgeldsystems zu beurteilen?
Niepelt, Dirk; Stolzenburg, Ulrich; Rathke, Alexander; … - In: ifo Schnelldienst 71 (2018) 16, pp. 3-19
ausgesetzt. Das operative Geschäft der Zentralbank würde erschwert, und eine stabilitätsorientierte Geldpolitik wäre gefährdet … Vollgeldsystems in einer höheren Finanzstabilität und höheren Geldschöpfungsgewinnen für den Staat. Nachteilig wäre die Notwendigkeit … die Vermeidung von Bank-Runs durch private Einleger, und höhere Einnahmen für den Staat aus der Geldschöpfung sein. Die …
Persistent link: https://www.econbiz.de/10012017969