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Geldpolitik der EZB: Stabilität ohne "sichere" Staatsanleihen?

Tober, Silke - 2016

Die stark expansive Geldpolitik der Europäischen Zentralbank zeigt positive Wirkungen. Die Zinsen sind weiter gesunken … Weltwirtschaft verstärkt würden. Die Geldpolitik benötigt daher dringend Unterstützung durch die Fiskalpolitik.Der Euroraum hat zudem … ein zentrales Problem, das nicht nur die Effektivität der Geldpolitik beeinträchtigt, sondern auch die Fiskalpolitik …

Persistent link: https://www.econbiz.de/10011564987

Monetary policy and European unemployment

Schettkat, Ronald; Sun, Rongrong - 2008

In the long history of rising and persistent unemployment in Europe almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc. - have been alleged and found guilty to have caused this tragic development at some point in time. Later,...

Persistent link: https://www.econbiz.de/10010291100

The Taylor principle and (in-)determinacy in a New Keynesian model with hiring frictions and skill loss

Rannenberg, Ansgar - 2010

We introduce skill decay during unemployment into Blanchard and Gali's (2008) New-Keynesian model with hiring frictions and real-wage rigidity. Plausible values of quarterly skill decay and real-wage rigidity turn the long-run marginal cost-unemployment relationship positive in a "European"...

Persistent link: https://www.econbiz.de/10011506728

On the scientific status of economic policy: A tale of alternative paradigms

Fagiolo, Giorgio; Roventini, Andrea - 2008

In the last years, a number of contributions has argued that monetary - and, more generally, economic - policy is finally becoming more of a science. According to these authors, policy rules implemented by central banks are nowadays well supported by a theoretical framework (the New Neoclassical...

Persistent link: https://www.econbiz.de/10010328656

Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment

Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - 2011

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

Persistent link: https://www.econbiz.de/10011605369

The collapse of a country

Daníelsson, Jón - 2009

Persistent link: https://www.econbiz.de/10014306478

Neglecting Demand and Cycle in the Euro Area

Marterbauer, Markus; Walterskirchen, Ewald - 2006

The stagnation of the economy in the Euro area since 2000 is closely connected to the dominance of purely long-run supply-side oriented policies in the Euro area. While exports and profits soared, domestic demand has been weak. The neglect of cyclical and demand factors appears to be the major...

Persistent link: https://www.econbiz.de/10011435181

On the stance of macroprudential policy

Cecchetti, Stephen G.; Suárez, Javier - 2021

In this report we outline how a formulating normative measure of macroprudential policy stance requires a framework containing objectives, tools and transmission mechanisms. To complement the currently prevailing narrative approach, we apply lessons from the monetary policy to macroprudential...

Persistent link: https://www.econbiz.de/10014327917

The Political and Technical Aspects of Controlling Inflation

Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...

Persistent link: https://www.econbiz.de/10014334696

Reversing the Great Monetary Expansion

Angeloni, Ignazio - In: Intereconomics 58 (2023) 3, pp. 142-147

Persistent link: https://www.econbiz.de/10014334698

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