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United States of America and Germany. To this end, unit labour cost indices for the US states and census regions from 1977 to …
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das Beispiel Japan zeigt. Und noch dramatischer: Es schürt eine enorme Inflationsgefahr. Für Hans-Werner Sinn ist klar …: Europa muss schleunigst wieder auf den Pfad einer soliden Geldpolitik zurückkehren. Nur dann kann das Vertrauen in den Euro …
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In the present paper, we investigate the financial homogeneity of the euro area economies by contrasting eurozone countries' responses to monetary policy steps to the theoretical assumptions of the liquidity trap phenomenon. Our assumption is that the euro area economies are not completely...
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There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this ECB-handicapʺ hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....
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