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Can the Central Bank alleviate fiscal burdens?
Reis, Ricardo - 2017
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...
Persistent link: https://www.econbiz.de/10011704682
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Can the Central Bank Alleviate Fiscal Burdens?
Reis, Ricardo - 2017
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...
Persistent link: https://www.econbiz.de/10012948206
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The European Central Bank and why things are the way they are : a historic monetary policy pivot point and moment of (relative) clarity
Dubois, Robert - 2012
, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and … become more homogenized, synchronized, and directionally clear than at any time since early 2009. -- Eurozone ; Monetary …
Persistent link: https://www.econbiz.de/10009503821
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Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program
Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014
This paper explores the potential effectiveness of the ECBś Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10010246072
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ECB worries/European woes : the economic consequences of parochial policy
Barbera, Robert J.; Holtham, Gerald - 2012
; European Central Bank ; eurozone ; eurozone debt crisis ; financial crisis ; financial instability ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10009783517
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The Power of Collateral : The ECB and Bank Funding Strategies in Crisis
Gabor, Daniela - 2012
collateral, in the Eurozone mainly sovereign bond markets, with further damaging consequences for sovereign funding conditions …
Persistent link: https://www.econbiz.de/10013106366
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ECB Worries/European Woes : The Economic Consequences of Parochial Policy
Barbera, Robert - 2013
Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...
Persistent link: https://www.econbiz.de/10013089327
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Public Opinion on Central Banks when Economic Policy is Uncertain
Istrefi, Klodiana - 2020
This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust, satisfaction or...
Persistent link: https://www.econbiz.de/10012836110
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Public Opinion on Central Banks when Economic Policy is Uncertain
Istrefi, Klodiana - 2020
This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the general public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust,...
Persistent link: https://www.econbiz.de/10012843471
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The Lender of Last Resort in the Eurozone
Steinbach, Armin - 2017
supervision in the eurozone, the question of centralizing ELA within the ECB also arises …
Persistent link: https://www.econbiz.de/10012969002