Similar Search Results

Der Beschluss des Bundesverfassungsgerichts zum OMT-Programm der EZB

Zeitler, Franz-Christoph; Fratzscher, Marcel; Murswiek, … - In: ifo Schnelldienst 67 (2014) 06, pp. 3-25

Das Bundesverfassungsgericht hat im Februar 2014 seine Entscheidung zum Beschluss der Europäischen Zentralbank zum OMT-Programm vom September 2012 verkündet. Wie ist diese Entscheidung zu werten? Franz-Christoph Zeitler, Universität Augsburg und ehemals Deutsche Bundesbank, sieht in dem...

Persistent link: https://www.econbiz.de/10011693631

Bundesverfassungsgericht und Krisenpolitik der EZB: Stellungnahmen der Ökonomen

Konrad, Kai A.; Fuest, Clemens; Uhlig, Harald; … - In: Wirtschaftsdienst 93 (2013) 7, pp. 431-454

basic rules for the euro area to a crisis-driven approach that seems to have forgotten these rules. The ECB policy holds … governance in the euro area. On the other hand, ECB measures can also be interpreted as a necessary means to comply with the …

Persistent link: https://www.econbiz.de/10010327951

BIP-indexierte Kredite für Griechenland

Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - In: DIW Wochenbericht 81 (2014) 31/32, pp. 739-749

Griechenland steht am Scheideweg. Die Frage eines dritten Hilfsprogramms ist akut. Die griechische Regierung fordert einen weiteren - de facto öffentlichen - Schuldenschnitt. Eine andere Option wäre, öffentliche Kredite in BIP-indexierte Kredite umzuwandeln. Die Zinszahlungen wären dann an...

Persistent link: https://www.econbiz.de/10010397365

GDP-Linked Loans for Greece

Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - In: DIW Economic Bulletin 4 (2014) 9, pp. 40-49

Greece is standing at a crossroads. The need for a third rescue package has now become a critical issue. The Greek government is calling for another de facto-public debt restructuring. An alternative option presented here would be to convert existing GLF loans into GDP-linked loans. Interest...

Persistent link: https://www.econbiz.de/10010427268

Die EZB-Geldpolitik in der Zwickmühle

Bernoth, Kerstin; Fratzscher, Marcel - In: Wirtschaftsdienst 102 (2022) 6, pp. 423-425

It seems clear that the ECB will raise interest rates in July 2022 and end its asset purchase program. This should send a strong and important signal to markets and economic players that the ECB continues to take its mandate for price stability seriously. However, it cannot be said with absolute...

Persistent link: https://www.econbiz.de/10013343124

Monetary Policy, Bank Bailouts and the Sovereign-Bank Risk Nexus in the Euro Area

Fratzscher, Marcel; Rieth, Malte - In: Review of Finance 23 (2019) 4, pp. 745-775

The paper analyses the empirical relationship between bank credit risk and sovereign credit risk in the euro area …

Persistent link: https://www.econbiz.de/10012261864

Schwache Preisentwicklung und Deflationsgefahr im Euroraum: Grenzen der Geldpolitik

Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp Johann - In: DIW Wochenbericht 81 (2014) 12, pp. 235-249

Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also …

Persistent link: https://www.econbiz.de/10010335203

Weak inflation and threat of deflation in the euro area: Limits of conventional monetary policy

Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp - In: DIW Economic Bulletin 4 (2014) 5, pp. 15-28

Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also …

Persistent link: https://www.econbiz.de/10010369535

Inflationserwartungen im Euroraum sind nicht mehr fest verankert: Neue Maßnahmen der EZB-Geldpolitik

Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp; … - In: DIW Wochenbericht 81 (2014) 37, pp. 856-867

keineswegs sicher. Die expansive Geldpolitik braucht dringend Unterstützung von Seiten der Wirtschaftspolitik, um in Europa ein …, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation … expectations in the euro area are no longer firmly anchored. Expectations are becoming increasingly decoupled from the ECB …

Persistent link: https://www.econbiz.de/10010398504

Unchartered territory: Large-scale asset purchases by the European Central Bank

Bernoth, Kerstin; König, Philipp; Raab, Carolin; … - In: DIW Economic Bulletin 5 (2015) 13, pp. 189-198

purchase bonds, including euro area government bonds. The purchases are intended to anchor the rate of inflation and inflation … depreciation of the euro. Since interest rates in the euro area are already very low and the current weak price development is also … development of inflation in the euro area and outlines the main reasons for the recent decline in prices. It also discusses the …

Persistent link: https://www.econbiz.de/10010500470