Showing 1 - 10 of 208
Persistent link: https://www.econbiz.de/10010440883
Persistent link: https://www.econbiz.de/10011787738
What policy objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national welfare losses based on national rates of inflation and growth?...
Persistent link: https://www.econbiz.de/10011409772
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...
Persistent link: https://www.econbiz.de/10003429626
Persistent link: https://www.econbiz.de/10013439504
descriptive analysis of international long-term yields, we find evidence that long-term rates have followed a global downward … Eurozone, it appears difficult to find a distinct impact of the Fed’s QE1 on US interest rates for which the global environment … – the global downward trend in interest rates – does not account. Motivated by these results, we analyze the impact of the …
Persistent link: https://www.econbiz.de/10011414128
Persistent link: https://www.econbiz.de/10009572947
Persistent link: https://www.econbiz.de/10009487964
Persistent link: https://www.econbiz.de/10003844686
Lax financial conditions can foster credit booms. The global credit boom of the last decade led to large capital flows …
Persistent link: https://www.econbiz.de/10013106553