Showing 1 - 10 of 8,074
Persistent link: https://www.econbiz.de/10013454073
Persistent link: https://www.econbiz.de/10013465982
Persistent link: https://www.econbiz.de/10010375526
This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the … parallels. It is found that the poor reputation of the Bank of Japan (BoJ) is, at times, underserved. To be sure, there were …
Persistent link: https://www.econbiz.de/10012816140
Our interest is to understand the costs of deflation. Thus, we explore the extent to which deflationary risks have …, based on it, we estimate a(n) (in)deflation risk premium. We find that our aggregate risk premium and a systemic financial … to explore the extent to which changes in the price and debt levels, are priced in by the (in)deflation risk premium. We …
Persistent link: https://www.econbiz.de/10012165922
We estimate the "unhedged interest rate exposure" (URE) of euro area households. The URE is a welfare metric that captures the extent to which households are exposed to changes in real interest rates, and reflects the direct gains and losses in interest income flows incurred by households after...
Persistent link: https://www.econbiz.de/10011963126
Persistent link: https://www.econbiz.de/10012156305
In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global pandemic, and an energy crisis-and survived. Using a model focusing on households, this Weekly Report shows that the monetary union’s stability is rooted in the fact that the...
Persistent link: https://www.econbiz.de/10014362756
Persistent link: https://www.econbiz.de/10013464485
Persistent link: https://www.econbiz.de/10012212741