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A simple way to overcome the zero lower bound of interest rates for central banks: Evidence from the Fed and the ECB within the financial crisis
Klose, Jens - In: International Journal of Monetary Economics and Finance 4 (2011) 3, pp. 279-296
In this paper, we investigate how Fed and ECB monetary policy changed within the financial crisis of 2007-2010. We argue that due to the very low interest rates classical monetary policy rules like, e.g., the Taylor rule could lead to false conclusions. We propose a new way of conducting...
Persistent link: https://www.econbiz.de/10009352491
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Monetary Policy after the Crisis
Pagano, Patrizio; Chobanov, Petar Pandushev; LAHIANI, Amine - SUERF - The European Money and Finance Forum
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10009391856
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The economic diplomacy of sovereign debt crises: Latin America and the euro-zone compared
Bayne, Nicholas - In: International Journal of Diplomacy and Economy 1 (2012) 1, pp. 4-18
loss of confidence. Early mistakes over Greece fed contagion throughout the euro-zone. No institution acted as neutral …This article compares today's euro-zone debt crisis, in terms of economic diplomacy, with the earlier crisis in Latin … total failure to reconcile tensions in the euro-zone crisis. Growing imbalances between debtors and creditors led to serious …
Persistent link: https://www.econbiz.de/10010670162
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Are inflation expectations in Russia forward-looking?
Sokolova, Anna - In: International Journal of Computational Economics and … 4 (2014) 1/2, pp. 254-268
confidence in the Central Banks policy before switching to aggressive inflation targeting. …
Persistent link: https://www.econbiz.de/10010816685
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
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Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?
Scharnagl, Michael; Stapf, Jelena - Deutsche Bundesbank - 2014
We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has the firm anchoring of medium to long-term inflation expectations been touched? Deriving densities from a new data set on options on the euro area harmonized index of consumer...
Persistent link: https://www.econbiz.de/10010957128
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Monetary Policy and Central Banking in the Wake of the World Financial Crisis
Hrncir, Miroslav - In: ACTA VSFS 3 (2009) 2, pp. 137-166
The article identifies causes of the world financial crisis and its impact on monetary policy and central banking. Under the pressure of crisis, the standard monetary policy of previous periods shifted to unconventional instruments of “quantitative easing”. This change represents move away...
Persistent link: https://www.econbiz.de/10010723141
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Monetary Policy and Central Banking in the Wake of the World Financial Crisis
Hrncir, Miroslav - In: ACTA VSFS 3 (2009) 2, pp. 137-166
The article identifies causes of the world financial crisis and its impact on monetary policy and central banking. Under the pressure of crisis, the standard monetary policy of previous periods shifted to unconventional instruments of “quantitative easing”. This change represents move away...
Persistent link: https://www.econbiz.de/10010680337
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Did Monetary Laxity in Japan Cause the Bubble?
Posen, Adam S. - In: CESifo Forum 4 (2003) 4, pp. 21-26
Persistent link: https://www.econbiz.de/10005013171
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Zehn Jahre Euro - Bewährung in der Finanzkrise
Starbatty, Joachim; Jerger, Jürgen; Waigel, Theo; … - In: Ifo Schnelldienst 62 (2009) 05, pp. 03-19
, Europäische Zentralbank, haben der Euro und die gemeinsame europäische Geldpolitik in den letzten zehn Jahren eine Entwicklung … Geldpolitik der Europäischen Zentralbank auseinander. Es sei die Frage zu stellen, ob die EZB nicht im Windschatten der Fed über … Quaisser die Tagung "Zehn Jahre Euro - Bewährung in der Finanzkrise" statt. Einige der dort vorgestellten Referate sind hier …
Persistent link: https://www.econbiz.de/10005055652