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ecological ones. Taxes solve the credibility problem a monopoly supplier of licenses would face, and lead to a suboptimal low …
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Inflation expectations are a key variable in conducting monetary policy. However, these expectations are generally unobservable and only certain proxy variables exist, such as surveys on inflation expectations. This paper offers guidance on the appropriate quantification of household inflation...
Persistent link: https://www.econbiz.de/10011098075
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, especially following the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions, and in contrast to the USA …
Persistent link: https://www.econbiz.de/10009352472
environments. Consistent with this intuition, empirical tests here highlight that expected stock returns in the USA are driven by …
Persistent link: https://www.econbiz.de/10010669711
This study explores the use of impression management techniques promoting tax policy consistent with starve the beast (STB) policies. We employ thematic content analysis to examine how the 'independent' Federal Reserve Board (FRB) under Alan Greenspan used impression management tactics mimicking...
Persistent link: https://www.econbiz.de/10010691704
Since May 2010 at the latest, the ECB has been criticized for financing government bonds – at least indirectly – and for tolerating to be put under pressure by the fiscal side. The ECB itself has justified its securities markets programme and, thus, its government bond purchases by the need...
Persistent link: https://www.econbiz.de/10010757748
Geldpolitik mit Hilfe von qualitativen Befragungsdaten. Besonderes Augenmerk liegt dabei auf der Untersuchung der Glaubwürdigkeit … Auswertung der Daten gehen eine ausführliche Übersicht über die wirtschaftswissenschaftliche Literatur zur Geldpolitik in den … wichtigsten empirischen Arbeiten zur Glaubwürdigkeit der Geldpolitik sowie eine kritische Würdigung des Befragungsinstrumentariums …
Persistent link: https://www.econbiz.de/10008791353