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Alternatives for the policy framework of the Euro
Arestis, Philip; Sawyer, Malcolm C. - In: Growth and cohesion in the European Union : the impact …, (pp. 57-73). 2006
Persistent link: https://www.econbiz.de/10003377857
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Alternatives for the policy framework of the euro
Arestis, Philip; Sawyer, Malcolm C. - In: John Kenneth Galbraith and the future of economics : …, (pp. 126-141). 2005
Persistent link: https://www.econbiz.de/10003120720
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Can the report of the "Five Presidents" save the euro?
Arestis, Philip - In: European journal of economics and economic policies : … 13 (2016) 1, pp. 28-38
Persistent link: https://www.econbiz.de/10011569631
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The Impact of Financial Liberalisation Policies on Financial Development Evidence from Developing Economies
Arestis, Philip; Demetriades, Panicos O.; Fattouh, Bassam; … - Department of Economics, Leicester University - 2002
We collect data on a number of financial restraints, including restrictions on deposit and lending interest rates and reserve and liquidity requirements, from central banks of six developing countries. We estimate the effects of these policies on financial development, controlling for the effect...
Persistent link: https://www.econbiz.de/10005385089
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Can Monetary Policy Affect the Real Economy?
Arestis, Philip; Sawyer, Malcolm C. - 2002
Current monetary policy involves the manipulation of the Central Bank interest rate (the repo rate), with the specific objective of achieving the goal(s) of monetary policy. The latter is normally the inflation rate, although in a number of instances this may include the level of economic...
Persistent link: https://www.econbiz.de/10014107340
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The Nature and Role of Monetary Policy When Money is Endogenous
Arestis, Philip; Sawyer, Malcolm C. - 2003
This paper considers the nature and role of monetary policy when money is envisaged as credit money endogenously created within the private sector (by the banking system). Monetary policy is now based in many countries on the setting (or targeting) of a key interest rate, such as the Central...
Persistent link: https://www.econbiz.de/10014088245
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Credibility of Monetary Policy in Four Accession Countries : A Markov Regime-Switching Approach
Arestis, Philip; Mouratidis, Konstantinos - 2003
The aim of this study is to estimate the credibility of monetary policy in four accession countries (the Czech Republic, Hungary, Poland, and the Slovak Republic), based on the Markov regime-switching (MRS) framework. We utilize the theoretical proposition that in the conduct of monetary policy,...
Persistent link: https://www.econbiz.de/10014088849
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On the Effectiveness of Monetary Policy and Fiscal Policy
Arestis, Philip; Sawyer, Malcolm C. - 2003
Within the framework of macroeconomic policy and theory over the past twenty years or so, a major shift has occurred regarding the relative importance given of monetary policy versus fiscal policy. The former has gained considerably in stature, while the latter is rarely mentioned. Further,...
Persistent link: https://www.econbiz.de/10014088851
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Will the Euro Bring Economic Crisis to Europe?
Arestis, Philip; Sawyer, Malcolm - 2001
The initial introduction of the euro has, against many expectations, been accompanied by a decline in the value of the … euro (notably vis-à-vis the dollar and sterling). It has also been introduced at a time of high levels of unemployment … the euro, specifically from the policy and institutional arrangements within which the euro is embedded. It is the …
Persistent link: https://www.econbiz.de/10010263262
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The future of the euro: Is there an alternative to the stability and growth pact?
Arestis, Philip; McCauley, Kevin; Sawyer, Malcolm - 2001
states of the European Union that has far-reaching implications for the long-run value of the euro, and therefore, on the …
Persistent link: https://www.econbiz.de/10010280300