Similar Search Results

Laidler, David - 2012

Specific ideas about the Fisher relation between real and nominal interest rates and more general ideas about the nature of the central bank's duty to support the financial system in times of crisis were important to the Monetarist re-assessment of the causes of the Great Depression and what...

Persistent link: https://www.econbiz.de/10010291905

Policy Risk and the Business Cycle

Born, Benjamin; Peifer, Johannes - 2011

The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining business cycle fluctuations by using an estimated New...

Persistent link: https://www.econbiz.de/10010293363

Strong exports and low interest rates drive Euroland's economy

Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 1999

In the fall of 1999, the recovery in Euroland is back on track. The turnaround was caused by the improvement in the world economy. After exports had been depressed in the past winter due to the weak demand in the crisis countries particularly in Asia, the impulses from abroad have picked up...

Persistent link: https://www.econbiz.de/10010294960

Quo vadis, Euroland?

Döpke, Jörg; Gern, Klaus-Jürgen; Langfeldt, Enno; … - 1998

Stage Three of the European Monetary Union (EMU) will start on January 1, 1999. The new currency area, for which the name "Euroland" has been coined, will comprise 11 countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The...

Persistent link: https://www.econbiz.de/10010294965

Auf dem Weg zum Euro - Szenarien für Zinsen, Wechselkurse und Konjunktur

Scheide, Joachim; Solveen, Ralph - 1997

Differenzen zwischen den nationalen Geldmarktzinsen können schon vor Beginn der einheitlichen Geldpolitik abgebaut werden, wenn … kommt, die derzeit noch relativ hohe Renditen für Geldmarktanlagen haben. Die Konjunktur in Europa wird dadurch einen … mehr und die Preiswirkungen der expansiveren Geldpolitik werden erst später in der Währungsunion auftreten und damit auf …

Persistent link: https://www.econbiz.de/10010295066

Euroland: New conditions for economic policy

Döpke, Jörg; Gern, Klaus-Jürgen; Gottschalk, Jan; … - 1998

The cyclical situation at the beginning of the European Monetary Union (EMU) is favorable: The upswing in Euroland has firmed, unemployment is going down, and inflation is low. However, economic growth outside the new currency area has weakened significantly during 1998, and fears are mounting...

Persistent link: https://www.econbiz.de/10010295088

Upswing in Europe gains momentum, but unemployment remains high

Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997

The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...

Persistent link: https://www.econbiz.de/10010295104

Euroland: Strong upswing, risks to price level stability

Kamps, Christophe; Meier, Carsten-Patrick; Scheide, Joachim - 2000

The Euroland economy is in a strong upswing. Last year, real GDP increased at a rate roughly equal to that of potential output in spite of the export losses in the wake of the crises in various countries of the world. There have been considerable impulses from monetary policy. Because of the...

Persistent link: https://www.econbiz.de/10010295192

Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai Philipp; Küster, Keith; Linzert, Tobias - 2006

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

Persistent link: https://www.econbiz.de/10010295805

Stock Performance around Share Repurchase Announcements in Germany

Stehle, Richard; Seifert, Udo - 2003

Empirical studies of open-market share repurchases in the U.S. typically find a mean abnormal return around the announcement day of about 3%. In Germany share repurchases were highly restricted before May 1998. Since then firms have repurchased shares in the open market more than 250 times....

Persistent link: https://www.econbiz.de/10010296483

1
2
3
4
5
6
7
8
9
10
Next
Last