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Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for longer-term interest rate and output effects. We find...
Persistent link: https://www.econbiz.de/10012764551
Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for longer-term interest rate and output effects. We find...
Persistent link: https://www.econbiz.de/10014404266
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Procurement law is rising in importance year after year. According to the European Commission, public procurement now … accounts for over 14% of the EU's gross domestic product. Also at the ECB, spending through procurement is growing, and the … evolution of its procurement law from non- binding internal guidelines to a transparent and comprehensive legal framework is a …
Persistent link: https://www.econbiz.de/10012026205
Many scholars assert that "cap and trade" is an appropriate strategy for addressing climate change. Some economists have argued that auctions of greenhouse gases should be an integral part of any cap-and-trade mechanism. These economists suggest that auctions can efficiently distribute emissions...
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