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too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … of Japan (BoJ) seit den späten 1990er Jahren und zeigt auf, worauf bei der Formulierung geachtet werden sollte. …
Persistent link: https://www.econbiz.de/10011901698
Persistent link: https://www.econbiz.de/10010396186
the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher riskadjusted returns, whereas …
Persistent link: https://www.econbiz.de/10011379708
the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher risk-adjusted returns, whereas …
Persistent link: https://www.econbiz.de/10013012122
There is hope that the Russian war on Ukraine could expedite the energy transition in Europe leading to a new and more …
Persistent link: https://www.econbiz.de/10013252690
market indexes is associated with a reduction in the real activity for all countries except for the US and Japan …
Persistent link: https://www.econbiz.de/10013289046
Disinflation has been pursued successfully in Romania in recent years. Inflation came down from over 40 per cent in 2001 to 14 per cent in 2003 and is expected to be cca 9.5 per cent in 2004. By 2007 it should come down to around 3%. The benefits of a lowinflation environment are unquestionable,...
Persistent link: https://www.econbiz.de/10014058098
This paper studies the causes and consequences of political centralization and fragmentation in China and Europe. We argue that a severe and unidirectional threat of external invasion fostered centralization in China while Europe faced a wider variety of smaller external threats and remained...
Persistent link: https://www.econbiz.de/10012973583
On June 23, 2016, the people of the United Kingdom of Great Britain (UK) — mostly those residing in England and Wales — held a referendum that resulted in an overall vote to leave the European Union (EU). This so called ‘BREXIT', a fusionist portmanteau of the words ‘Britain' and...
Persistent link: https://www.econbiz.de/10012983796
During the second half of the eighteenth century, the Ottoman policy-makers adopted a more liberal attitude towards price formation. This was accompanied by the fiscal and administrative centralization of the grain trade. These seemingly contradictory policy changes could, in part, be explained...
Persistent link: https://www.econbiz.de/10009130691