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Financial Crisis, Global Liquidity and Macroeconomic Exit (Finanzkrise, globale Liquidität und makroökonomischer Exit)

Belke, Ansgar Hubertus - 2010

A series of crisis and emergency interest rate cuts has brought global interest rates towards zero and government debt …

Persistent link: https://www.econbiz.de/10013135704

Monetary policy, divergence, and the euro

Pfeifer, Moritz; Schnabl, Gunther - 2024

This paper investigates the relationship between economic divergence and expansionary monetary policies within the eurozone based on a new divergence indicator. We study the dynamics between the economic divergence of member states and unconventional monetary policy in a Bayesian SVAR and find a...

Persistent link: https://www.econbiz.de/10015098613

The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...

Persistent link: https://www.econbiz.de/10013081055

The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis

Schnabl, Gunther - 2013

Persistent link: https://www.econbiz.de/10009743745

Geldpolitisches Kräftemessen

Schnabl, Gunther - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 89 (2009) 8, pp. 498-499

Persistent link: https://www.econbiz.de/10003867638

Keynesian and Austrian perspectives on crisis, shock adjustment, exchange rate regime and (long-term) growth

Maurel, Mathilde; Schnabl, Gunther - 2011

European Monetary Union and recommend more exchange rate stability for the rest of the world. …

Persistent link: https://www.econbiz.de/10009012327

Monetary policies of large industrialised countries, emerging market credit cycles and feedback effects

Andreas, Hoffmann; Schnabl, Gunther - 2014

. Based on an overinvestment framework, we show that in the prevailing asymmetric world monetary system, monetary policies of … why the current global low interest rate environment is likely to prevail. …

Persistent link: https://www.econbiz.de/10010337620

Monetary policy reform in a World of Central Banks

Schnabl, Gunther - 2011

monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … world economy. The backlash of high government debt levels on monetary policy making is argued to have led to a hysteresis … displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …

Persistent link: https://www.econbiz.de/10009508892

Reasons for the demise of interest : savings glut and secular stagnation or central bank policy?

Mayer, Thomas; Schnabl, Gunther - 2019

for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal … permanently. Furthermore, we find no empirical evidence for the global savings glut and secular stagnation hypotheses. Instead …

Persistent link: https://www.econbiz.de/10012124862

Keynesian and Austrian Perspectives on Crisis, Shock Adjustment, Exchange Rate Regime and (Long-Term) Growth

Schnabl, Gunther - 2011

European Monetary Union and recommend more exchange rate stability for the rest of the world …

Persistent link: https://www.econbiz.de/10013130336