Narrow search
Showing 1 - 10 of 514
Cover Image
Do Asymmetries Matter for European Monetary Policy?
Aksoy, Yunus; De Grauwe, Paul; Dewachter, Hans - 2007
In this paper we analyze the impact of economic and institutional (ECB decision rules) asymmetries on the effectiveness of monetary policy in Euroland. We consider a model where asymmetric shocks and divergent propagation of shocks in output and inflation are potential causes of tensions within...
Persistent link: https://www.econbiz.de/10014123696
Cover Image
Monetary policy in EMU when the transmission is asymmetric and uncertain
De Grauwe, Paul; Sénégas, Marc-Alexandre - 2003
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10011506467
Cover Image
Monetary Policy in Emu When the Transmission is Assymmetric and Uncertain
De Grauwe, Paul; Senegas, Marc-Alexandre - 2021
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data. We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10013320041
Cover Image
Green money without inflation
De Grauwe, Paul - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 2, pp. 51-54
The ECB has announced that when government and corporate bonds come to maturity in the context of its QE-program, new bonds will be bought in the market so as to keep the money stock (money base) unchanged. This creates a "window of opportunities" for the ECB. It could replace the old bonds with...
Persistent link: https://www.econbiz.de/10012154787
Cover Image
Fiscal rules, financial stability and optimal currency areas
De Grauwe, Paul; Foresti, Pasquale - 2015
In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …
Persistent link: https://www.econbiz.de/10010533078
Cover Image
Fiscal Rules, Financial Stability and Optimal Currency Areas
De Grauwe, Paul - 2015
In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …
Persistent link: https://www.econbiz.de/10013020581
Cover Image
Do asymmetries matter for European monetary policy?
Aksoy, Yunus; De Grauwe, Paul; Dewachter, Hans - In: Exchange rates and global financial policies, (pp. 321-353). 2014
Persistent link: https://www.econbiz.de/10010350384
Cover Image
Do asymmetries matter for European monetary policy?
Aksoy, Yunus; De Grauwe, Paul; Dewachter, Hans - In: European economic review : EER 46 (2002) 3, pp. 443-469
Persistent link: https://www.econbiz.de/10001704994
Cover Image
Effectiveness of monetary policy in Euroland
De Grauwe, Paul; Dewachter, Hans; Aksoy, Yunus - In: Empirica : journal of european economics 26 (1999) 4, pp. 299-318
Persistent link: https://www.econbiz.de/10001452507
Cover Image
The Fragility of Two Monetary Regimes : The European Monetary System and the Eurozone
De Grauwe, Paul - 2013
We analyze the similarities and the differences in the fragility of the European Monetary System (EMS) and the Eurozone … foreign exchange markets while in the Eurozone it was the absence of a lender of last resort in the long-term government bond … Eurozone the roles were reversed. The national central banks that became part of the Eurosystem were strengthened …
Persistent link: https://www.econbiz.de/10013074520