Showing 1 - 10 of 302
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
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 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 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/10009743745
Persistent link: https://www.econbiz.de/10003867638
European Monetary Union and recommend more exchange rate stability for the rest of the world. …
Persistent link: https://www.econbiz.de/10009012327
. 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 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
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
European Monetary Union and recommend more exchange rate stability for the rest of the world …
Persistent link: https://www.econbiz.de/10013130336