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Greece and the Troika : lessons from international best practice cases of successful price (and wage) adjustment
Belke, Ansgar; Gros, Daniel - 2017
This paper reviews cases of successful price and wage adjustment, which are often regarded as constituting best practice, Australia, Latvia and the newly-formed German states and contrasts them with the Greek experience under the Troika Program. Latvia stands out as having had the quickest...
Persistent link: https://www.econbiz.de/10011657630
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Greece and the Troika : lessons from international best practice cases of successful price (and wage) adjustment
Belke, Ansgar; Gros, Daniel - 2017
This paper reviews cases of successful price and wage adjustment, which are often regarded as constituting best practice, - Australia, Latvia and the German new states and contrasts them with the Greek experience under the Troika Programs. Latvia stands out as having had the quickest adjustment...
Persistent link: https://www.econbiz.de/10011691586
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Unconventional monetary policy and inflation expectations in the euro area
Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020
the ECB’s UMP on inflation expectations in the Euro area as inflation expectations play a key role for achieving the … inflation target of below, but close to 2%. Quantifying the impact of UMP is not straightforward, as standard empirical tools … indeed find that UMP leads to a rise in inflation expectations in the short run but that this effect appears to evaporate in …
Persistent link: https://www.econbiz.de/10012149519
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Monetary Policy, Global Liquidity and Commodity Price Dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - 2010
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010269974
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Monetary policy, global liquidity and commodity price dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - 2010
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010271369
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Monetary policy, global liquidity and commodity price dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben - 2010
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010208787
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Global Liquidity and Commodity Prices – A Cointegrated VAR Approach for OECD Countries
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - 2009
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10010265799
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Global liquidity and commodity prices: a cointegrated VAR approach for OECD countries
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - 2009
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10010271111
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Liquidity and the dynamic pattern of asset price adjustment: a global view
Belke, Ansgar; Orth, Walter; Setzer, Ralph - 2009
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10010271141
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Liquidity and the dynamic pattern of price adjustment: a global view
Belke, Ansgar; Orth, Walter; Setzer, Ralph - 2008
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10010298742