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3-year LTROs : a first assessment of a non-standard policy measure

Belke, Ansgar - 2013

losses for the ECB and try to assess inflation dangers stemming from the 3Y LTROs. In the same section, we also look at the …

Persistent link: https://www.econbiz.de/10010255141

How much fiscal backing must the ECB have? : the euro area is not the Philippines

Belke, Ansgar - 2010

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led some commentators to argue that the ECB needs "fiscal...

Persistent link: https://www.econbiz.de/10010208780

Unemployment as a Target for Central Banks? The Case of Hysteresis

Belke, Ansgar - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 4, pp. 587-619

One of the most interesting questions for policymakers which have emerged from the financial crisis deals with the strength of links between the demand and supply sides of the economy. The traditional view that only cyclical policies influence the former, and structural policies the latter has...

Persistent link: https://www.econbiz.de/10014524305

Monetary dialogue 2009 - 2014 : looking backward, looking forward

Belke, Ansgar - 2014

’s model choice and data revision policies in inflation forecasts, its membership in the Troika, its activities as a financial …

Persistent link: https://www.econbiz.de/10010259542

Non-standard monetary policy measures : magic wand or tiger by the tail?

Belke, Ansgar - 2013

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …

Persistent link: https://www.econbiz.de/10010195538

(How) do the ECB and the fed react to financial market uncertainty? : the Taylor rule in times of crisis

Belke, Ansgar; Klose, Jens - 2010

the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis … while the sign of the asset price inflation coefficient turns positive. Thus we are able to establish significant … price inflation becomes even stronger than before. Moreover we find evidence of a less inertial policy of both the Fed and …

Persistent link: https://www.econbiz.de/10010208788

Transparenz und Forward Guidance : Stimulierung der Volkswirtschaft in der Eurozone?

Belke, Ansgar - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 6, pp. 410-415

Das Kommunikationsverhalten der EZB wird verschiedentlich kritisiert. Zwei Instrumente, mehr Transparenz und Forward Guidance, stehen dabei im Mittelpunkt. Die Veröffentlichung von Protokollen der EZB-Ratssitzungen wird immer wieder angemahnt, und die EZB gibt mittlerweile eine Vorausschau auf...

Persistent link: https://www.econbiz.de/10010370748

Non-standard monetary policy measures : magic wand or tiger by the tail?

Belke, Ansgar - 2014

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …

Persistent link: https://www.econbiz.de/10010350450

Monetary dialogue 2009 - 2014 : looking backward, looking forward

Belke, Ansgar - 2014

’s model choice and data revision policies in inflation forecasts, its membership in the Troika, its activities as a financial …

Persistent link: https://www.econbiz.de/10010350483

Central bank communication : managing expectations through the monetary dialogue

Belke, Ansgar - 2017

Successfully managing a course back to normality ("exit") will depend crucially on the central banks' ability to communicate effectively a credible strategy for an orderly exit from such kind of policies. In this context, clear, deliberate, coordinated messages that are anchored in the central...

Persistent link: https://www.econbiz.de/10011691556