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Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?
Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20
This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...
Persistent link: https://www.econbiz.de/10012816140
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The chronology of Brexit and UK monetary policy
Geiger, Martin; Güntner, Jochen - 2022
The outcome of the referendum on the UK's membership of the European Union in June 2016 was largely unanticipated by politicians and pundits alike. Even after the "Leave" vote, the uncertainty surrounding the withdrawal process might have affected the UK economy. We draw on an official list of...
Persistent link: https://www.econbiz.de/10013194430
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Deflation Risk in the Euro Area and Central Bank Credibility
Galati, Gabriele - 2016
This paper investigates how the perceived risk that the euro area will experience deflation has evolved over time, and …- to long-term deflation risk implied by year-on-year options on forward inflation swaps. We investigate whether long …-term inflation expectations have become de-anchored, by studying whether long-term deflation risk has been affected by changes in oil …
Persistent link: https://www.econbiz.de/10012995366
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A Deflationary Drift in Euro Area's Inflation Expectations?
Tsenova, Tsvetomira - 2015
This study assesses the degree of anchoring, i.e. stability, of long-term inflation expectations in the Euro area based on direct survey based evidence and latest data from the ECB's Survey of Professional Forecasters. Consideration of the evolution of the entire distribution of inflation...
Persistent link: https://www.econbiz.de/10013029198
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New paradigms in monetary theory and policy?
Balling, Morten (ed.); Orphanides, Athanasios (ed.) - New Paradigms in Money and Finance? <Veranstaltung> …; … - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium "New Paradigms in Money and Finance?". All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011711450
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Early warning indicators : financial and macroeconomic imbalances in Central and Eastern European countries
Csortos, Orsolya; Szalai, Zoltán - 2014
In this paper we apply the Early Warning System methodology to ten Central and Eastern European Countries to find useful sets of indicators which could predict macroeconomic and financial imbalances. We argue that finding such indicators is crucial in the current monetary policy framework...
Persistent link: https://www.econbiz.de/10010403026
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Domestic cycles, financial cycles, and policies : what has gone wrong?
Dăianu, Daniel - 2017
The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...
Persistent link: https://www.econbiz.de/10011760593
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Price stability and climate risks : sensible measures for the European Central Bank
Bremus, Franziska; Dany-Knedlik, Geraldine; Schlaak, Thore - In: DIW weekly report : economy, politics, science : a … 10 (2020) 14, pp. 206-213
By the end of 2020, the European Central Bank (ECB) will present the results of its monetary policy strategy review. What changes are to be expected and what changes are needed? This report covers two areas of the strategy review. First, alternatives to the current definition of price stability...
Persistent link: https://www.econbiz.de/10012198219
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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
Not since the Great Depression have monetary policy matters and institutions weighed so heavily in commercial, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else has counted for little more than noise on a relative...
Persistent link: https://www.econbiz.de/10009503821
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Macroeconomic Surprises and the Inflation Compensation Curve in the Euro Area
Coffinet, Jerome - 2010
Using daily data stemming from inflation-indexed markets, we analyse the effects of numerous macroeconomic surprises on inflation compensation data - the sum of inflation expectations, risk and liquidity premia - in the euro area between 2 January 2004 and 31 December 2007. Our results suggest...
Persistent link: https://www.econbiz.de/10013138025