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Zehn Argumente gegen Quantitative Easing und den Ankauf von Staatsanleihen durch das Eurosystem
Jost, Thomas; Seitz, Franz - In: Ifo Schnelldienst 68 (2015) 04, pp. 19-20
Am 22. Januar 2015 hat der EZB-Rat ein erweitertes Programm zum Ankauf von Vermögenswerten, das sogenannte »Quantitative Easing«, beschlossen. Thomas Jost, Hochschule Aschaffenburg, und Franz Seitz, Ostbayerische Technische Hochschule Weiden, kommentieren diese Entscheidung und ihre Konsequenzen.
Persistent link: https://www.econbiz.de/10011265238
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Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?
Belke, Ansgar - Rheinisch-Westfälisches Institut für … - 2013
This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible unintended...
Persistent link: https://www.econbiz.de/10010860302
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Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?
Belke, Ansgar - ROME Network - 2014
This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible unintended...
Persistent link: https://www.econbiz.de/10010826285
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Quantitative easing with bite: a proposal for conditional overt monetary financing of public investment
Watt, Andrew - Institut für Makroökonomie und Konjunkturforschung … - 2015
To address the on-going crisis in the euro area it is proposed to introduce a scheme of conditional, overt monetary financing of public investment (COMFOPI). The inadequate response of monetary and fiscal policy is shown to explain the weak performance of the euro area compared with other...
Persistent link: https://www.econbiz.de/10011196475
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Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?
Belke, Ansgar - In: Review of Economics 64 (2013) 3, pp. 341-364
This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible unintended...
Persistent link: https://www.econbiz.de/10011198688
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Testing the shape of EMU term structure of interest rates
Ruiz-Dotras, Elisabet; Bolance-Losilla, Catalina; … - In: International Journal of Financial Markets and Derivatives 1 (2010) 4, pp. 422-437
The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...
Persistent link: https://www.econbiz.de/10008755247
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Zona Euro: un adevăr care nu convine
Lucian, Croitoru - In: Revista OEconomica (2012) 03
In this study, we show that the main problem facing the Eurozone economy is the relatively low competitiveness of the … rather the current account deficits. We argue that, while tightening fiscal discipline within the Eurozone is a must, it does …
Persistent link: https://www.econbiz.de/10010965609
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India's economy amidst the global economic crisis
Giri, Amit Kumar; Sinha, Babita - In: International Journal of Economics and Business Research 8 (2014) 2, pp. 205-226
The world's economy is in crisis for over five years; consequently, many of the countries of this world are witnessing unprecedented fall in output, trade and employment since 2008; and India's economy is no exception. This study with the available sources of data finds that the decoupling...
Persistent link: https://www.econbiz.de/10010884851
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The Eurozone: An Inconvenient Truth
Croitoru, Lucian - In: Journal for Economic Forecasting (2013) 2, pp. 193-210
In this study, we show that the main problem facing the Eurozone economy is the relatively low competitiveness of the …03id332.html). The politicians’ initial assumption that joining the Eurozone would lead to the convergence of … productivity trends failed to materialize. We argue that, while tightening fiscal discipline within the Eurozone is a must, it does …
Persistent link: https://www.econbiz.de/10010678154
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Financial Plumbing and Monetary Policy
Singh, Manmohan - International Monetary Fund (IMF) - 2014
This paper focuses on how changes in financial plumbing of the markets may impact the monetary policy options as central banks contemplate lift off from zero lower bound (ZLB). Under the proposed regulations, banks will face leverage ratio constraints. As a result of quantitative easing (QE),...
Persistent link: https://www.econbiz.de/10011123867