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or the theory are wrong. Rather there was a deviation from the rule-like monetary policies that worked well in the 1980s …
Persistent link: https://www.econbiz.de/10010679052
Persistent link: https://www.econbiz.de/10005013128
Persistent link: https://www.econbiz.de/10005013175
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export-led growth model. Between Chinese households, we find that the...
Persistent link: https://www.econbiz.de/10010790266
movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel … prevailing fiscal consolidation policy mix it is not surprising that while the world economy recovers, the euro area returns to …, all of which displayed steady growth in the biennium 2010-2011, are gradually losing steam as well. External rebalancing …
Persistent link: https://www.econbiz.de/10010686219
This paper studies the international coordination of monetary policies in the world economy. It carefully discusses the …
Persistent link: https://www.econbiz.de/10010954290
This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The...
Persistent link: https://www.econbiz.de/10010954363
Economic downturns which have their roots in preceding credit excesses and debt overhang have tended historically to be long lasting, whether the financial sector remained healthy or not. There are no good reasons to believe the current global crisis will be any different. Moreover, it is argued...
Persistent link: https://www.econbiz.de/10011277008
The paper analyzes the impacts of anticipated and unanticipated monetary policies on two large open economies that are dependent upon raw materials imports from a small third country. The analysis is based on asymmetric behavior on the supply side of both economies and an endogenous commod- ity...
Persistent link: https://www.econbiz.de/10005082865
This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The...
Persistent link: https://www.econbiz.de/10005765424