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Fiscal divergence and current account imbalances in Europe
Schnabl, Gunther; Wollmershäuser, Timo - 2013
Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...
Persistent link: https://www.econbiz.de/10009702880
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How to escape from the debt trap : lessons from the past
Mayer, Thomas; Schnabl, Gunther - 2021
Rising public debt everywhere has raised the question of how to reduce debt again in the future. High public debt also seems to be an impediment for the exit of central banks from ultra-low interest rates and quantitative easing. Historical precedents and proposals have included austerity,...
Persistent link: https://www.econbiz.de/10012514525
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How to Escape from the Debt Trap : Lessons from the Past
Mayer, Thomas; Schnabl, Gunther - 2021
Rising public debt everywhere has raised the question of how to reduce debt again in the future. High public debt also seems to be an impediment for the exit of central banks from ultra-low interest rates and quantitative easing. Historical precedents and proposals have included austerity,...
Persistent link: https://www.econbiz.de/10013227606
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Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume
Schnabl, Gunther; Zemanek, Holger - 2011
der Ursprung der derzeitigen europäischen Schuldenkrise ist. Ein reduzierter deutscher Leistungsbilanzüberschuss würde das …
Persistent link: https://www.econbiz.de/10009152176
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Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union
Schnabl, Gunther - 2013
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...
Persistent link: https://www.econbiz.de/10013094029
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Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume
Schnabl, Gunther; Zemanek, Holger - 2011
der Ursprung der derzeitigen europäischen Schuldenkrise ist. Ein reduzierter deutscher Leistungsbilanzüberschuss würde das …
Persistent link: https://www.econbiz.de/10010305581
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How to escape from the debt trap : lessons from the past
Mayer, Thomas; Schnabl, Gunther - In: The world economy : the leading journal on … 46 (2023) 4, pp. 991-1016
Persistent link: https://www.econbiz.de/10014303410
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Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment
Latsos, Sophia; Schnabl, Gunther - 2021
This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … monetary policy had a significant impact on Japan’s household behavior via the interest rate channel and the redistribution …
Persistent link: https://www.econbiz.de/10013239569
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Determinants of Japanese household saving behavior in the low-interest rate environment
Latsos, Sophia Anastasia; Schnabl, Gunther - 2021
This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … monetary policy had a significant impact on Japan's household behavior via the interest rate channel and the redistribution …
Persistent link: https://www.econbiz.de/10012485326
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Short-term and long-term growth effects of exchange rate adjustment
Kočenda, Evžen; Maurel, Mathilde; Schnabl, Gunther - 2012 - Version: 22 November 2012
The European sovereign debt crisis revived the discussion concerning the pros and cons of exchange rate adjustment in the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate stability with structural reforms could be beneficial for...
Persistent link: https://www.econbiz.de/10009683152