Narrow search
Showing 1 - 10 of 9,168
Cover Image
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
Cover Image
How Low Can Central Banks Go? The Banking Threshold to Negative Interest Rates
Berriel, Tiago - 2019
Abstract Negative interest rates policies (NIRP), usually depicted in economic textbooks as an impossibility due to the prospect of infinite demand for money, are now a reality in several countries due to different reasons. But while the ZLB has been surpassed when it comes to Central Banks, it...
Persistent link: https://www.econbiz.de/10012899581
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
A monetary policy strategy in good and bad times : lessons from the recent past
Fahr, Stephan; Motto, Roberto; Rostagno, Massimo; … - 2011
We evaluate the ECB's monetary policy strategy against the underlying economic structure of the euro area economy, in normal times and in times of severe financial dislocations. We show that in the years preceding the financial crisis that started in 2007 the strategy was successful at ensuring...
Persistent link: https://www.econbiz.de/10009006624
Cover Image
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
Cover Image
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
Cover Image
A Monetary Policy Strategy in Good and Bad Times : Lessons from the Recent Past
Fahr, Stephan - 2011
We evaluate the ECB's monetary policy strategy against the underlying economic structure of the euro area economy, in normal times and in times of severe financial dislocations. We show that in the years preceding the financial crisis that started in 2007 the strategy was successful at ensuring...
Persistent link: https://www.econbiz.de/10013126720