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Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Persistent link: https://www.econbiz.de/10011710723

The Monetary Transmission Mechanism in the Euro Area : Has It Changed with the EMU? A VAR Approach, with Fiscal Policy and Financial Stress Considerations

Afonso, António - 2014

We study whether the adoption of the Euro and a single monetary policy have brought about a change in the monetary transmission mechanism and between the interactions of monetary policy, fiscal policy and financial stress in the Euro area. We find that the stylized facts of monetary transmission...

Persistent link: https://www.econbiz.de/10013050644

Excess Reserves, Unconventional Monetary Policy and the Consequences for Fiscal Stimulus Packages

Terveer, Pascal - 2014

Employing huge economic stimulus packages was a common response of many policy leaders during the past financial crisis. In Germany for instance, the government enacted two fiscal packages with an overall volume of approximately 80 billion Euros. On the other hand, the distortions in the banking...

Persistent link: https://www.econbiz.de/10013053647

Monetary-fiscal policy coordination : Lessons from Covid-19 for the climate and biodiversity emergencies

Ryan-Collins, Josh; Kedward, Katie; Chenet, Hugues - 2023

The climate and biodiversity emergencies require structural economic shifts that will necessitate strategic coordination between macroeconomic policy authorities. The Covid-19 episode saw the implementation of monetary-fiscal policy coordination not seen since the 1970s to avert catastrophic...

Persistent link: https://www.econbiz.de/10014357452

Identifying effective combinations of economic policy measures for the coronavirus recession in Europe

Bernoth, Kerstin; Clemens, Marius; Dany-Knedlik, Geraldine - In: DIW weekly report : economy, politics, science : a … 10 (2020) 23, pp. 263-273

As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national …

Persistent link: https://www.econbiz.de/10012231998

Addressing systemic risk in Europe during Covid-19 : the role of regulation and the policy mix

Dotta, Vitor - 2022

This work examines the impacts which the Covid-19 pandemic brought to the stability of the European financial sector. Lockdowns, businesses unable to operate and uncertainty about how the pandemic would evolve fueled a sharp recession. From the lessons learned in the global financial crises and...

Persistent link: https://www.econbiz.de/10013188926

Fiscal and Monetary Policy Coordination, Macroeconomic Stability, and Sovereign Risk

Bonam, Dennis - 2014

avoids explosive debt and monetary policy controls inflation, irrespective of the relative strengths of each policy stance … inflation. Therefore, inflation and debt dynamics are determined jointly. To ensure stable macroeconomic conditions, both the …

Persistent link: https://www.econbiz.de/10013061298

The impact of the cost-of-living crisis on European households

Chafwehé, Boris; Ricci, Mattia; Stoehlker, Daniel - 2024

consumption, income and wealth. We account for the various channels through which inflation affects individual households, and for … the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … differences in individual consumption patterns. On average, the effect of inflation is regressive, with lower income households …

Persistent link: https://www.econbiz.de/10014473006

Automatic stabilisers and economic crisis : US vs Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10003989856

Inflation: thruway of ECB's monetary policy

Seidl, Christian - 2023

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

Persistent link: https://www.econbiz.de/10013553631