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Die japanischen Lehren für die europäische Krise

Schnabl, Gunther - In: Zeitschrift für Wirtschaftspolitik 62 (2013) 1, pp. 3-22

Abstract Japan went 15 years earlier than Europe through a boom-and-bust cycle in the real estate and stock markets … and recapitalization of financial institutions. Japan has reached the zero interest bound in 1999 and has accumulated a … very high public debt level. The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons …

Persistent link: https://www.econbiz.de/10014630767

Effects of reputation and credibility on monetary policy: theory and evidence for Brazil

Caldas Montes, Gabriel; Cesar Albuquerque Bastos, Julio - In: Journal of Economic Studies 41 (2014) 3, pp. 387-404

Purpose – The purpose of this paper is to demonstrate that both the reputation of the monetary authority and the credibility of the regime of inflation targeting are important to reduce the inflation bias and the effort of the monetary authority in an emerging economy....

Persistent link: https://www.econbiz.de/10014864629

Government Actions and Interventions : More harm than good?

Taylor, John B. - In: Development Outreach 11 (2009) 3, pp. 50-53

There is empirical evidence that government actions and interventions prolonged and worsened the financial crisis, because they were based on faulty diagnosis of the problem and did not follow clear predictable principles.

Persistent link: https://www.econbiz.de/10015360096

Quantitative Approaches to Fiscal Sustainability Analysis : A Case Study of Turkey since the Crisis of 2001

Budina, Nina; van Wijnbergen, Sweder - In: The World Bank Economic Review 23 (2009) 1, pp. 119-140

This case study of fiscal sustainability in Turkey after the crisis in 2001 reviews and extends quantitative approaches to fiscal sustainability analysis and brings them together in a user-friendly tool applicable in a data-sparse environment. It combines a dynamic simulations approach with a...

Persistent link: https://www.econbiz.de/10015360577

Recent stock price relationships between Japanese and US stock markets

Kurihara, Yutaka; Nezu, Eiji - In: Studies in Economics and Finance 23 (2006) 3, pp. 211-226

Japanese stock prices and macroeconomic variables under the quantitative easing policy in Japan. Design … deterministic elements of stock prices in Japan. Vector error correction method is applied. Findings – The results indicate that …/value – The Bank of Japan's monetary policy, especially quantitative monetary easing, has not yet been fully determined. The …

Persistent link: https://www.econbiz.de/10015013551

Exchange rate determination and structural changes in response to monetary policies

Kurihara, Yutaka - In: Studies in Economics and Finance 29 (2012) 3, pp. 187-196

policies in the USA, the Euro area, and Japan. Findings – Exchange rates have been influenced by macroeconomic fundamentals and … comparison with domestic monetary policies in the USA, the Euro Area, and Japan. …

Persistent link: https://www.econbiz.de/10015013655

Einige Anmerkungen zum Wesen der Deflation aus Sicht der Finanzstabilität

Bleich, Dirk; Bleich, Torsten; Fendel, Ralf - In: Zeitschrift für Wirtschaftspolitik 62 (2013) 2, pp. 143-158

Zielkonflikt für die Geldpolitik kommt, wäre in diesem Szenario eine Zinserhöhung trotz drohender Deflation unter Umständen …

Persistent link: https://www.econbiz.de/10014630777

Notwendigkeit, Regelungen und Konsequenzen einer neuen Geldordnung

Gudehus, Timm - In: Zeitschrift für Wirtschaftspolitik 63 (2014) 1, pp. 74-108

Abstract From an analysis of the uncertainties, deficiencies and negative effects of the present monetary system the necessity and the requirements for a new monetary order are derived. These requirements are fulfilled by the presented regulations of a monetary order, which is based on the...

Persistent link: https://www.econbiz.de/10014630799

Geldpolitik, Arabellion und Flüchtlingskrise : Die sehr lockere Geldpolitik der großen Industrieländer kommt in Form der Flüchtlingskrise auf Europa zurück

von Prollius, Michael; Schnabl, Gunther - In: Zeitschrift für Wirtschaftspolitik 65 (2016) 3, pp. 299-320

konfrontiert. Es wird argumentiert, dass die Geldpolitik der großen Industrieländer indirekt eine wichtige Bestimmungsgröße dieser … durch die Geldpolitik der großen Industrieländer verstärkte soziale Missstände interpretiert. …

Persistent link: https://www.econbiz.de/10014630857

Geldpolitischer Aktionismus, Ersparnisbildung und Kapitalallokation – Einige ökonomische Überlegungen

Prinz, Aloys; Beck, Hanno - In: Zeitschrift für Wirtschaftspolitik 67 (2018) 1, pp. 101-124

wird angenommen, dass die Haushalte sich an Nominalwerten orientieren. Die stark expansive Geldpolitik mit sehr geringen …-Haushalte. Darüber hinaus sind die Haushalte doppelt negativ von der Geldpolitik betroffen, da die Anlageerträge nicht nur geringer …

Persistent link: https://www.econbiz.de/10014630889