Similar Search Results

The European Central Bank, machinic enslavement, and the Greek public sector

Selmic, Radman - In: Finance and society 2 (2016) 1, pp. 45-61

responsibility for the Eurozone crisis from the private to the public sector. Focusing on Greece, I argue that the ECB constructed … the morality of the public debtor in such a way as to make this transfer of responsibility easier and the imposition of … exclusively in terms of public sector responsibility. However, the ECB also employed a range of non-linguistic policy measures …

Persistent link: https://www.econbiz.de/10012029091

Future of the Economic and Monetary Union

Gortsos, Christos V. - 2022

The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...

Persistent link: https://www.econbiz.de/10014077291

Rate forward guidance in an environment of large central bank balance sheets : a Eurosystem stock-taking assessment

2022

centred on central banks communicating to the public more explicitly their future policy actions in order to influence …

Persistent link: https://www.econbiz.de/10012886554

Chapter 23. The Performance of Alternative Monetary Regimes

Ball, Laurence - In: Handbook of monetary economics : volume 3, (pp. 1303-1343). 2010

This paper compares the performance of economies with different monetary regimes during the last quarter century. The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2)...

Persistent link: https://www.econbiz.de/10014025619

Monetary policy and local industry structure

Popov, Alexander; Steininger, Lea - 2023

We study how monetary policy affects local market competition in a union of countries experiencing different economic conditions: the euro area. We find that when monetary conditions tighten (loosen), from the point of view of an individual economy, market concentration increases (declines)....

Persistent link: https://www.econbiz.de/10013552619

New strategy, new accountability : The European Central Bank and the European Parliament after the strategy review

Grünewald, Seraina Neva; Klooster, Jens van 't - 2023

informing the public about monetary policy, instruments to improve accountability and coordinating monetary policy with other …

Persistent link: https://www.econbiz.de/10014357895

Despite crises, the stability of the euro is rooted in the middle class

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - In: DIW weekly report : economy, politics, science : a … 13 (2023) 29/31, pp. 217-222

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

A proposal for reforming the Stability and Growth Pact

Sigl-Glöckner, Philippa; Krahé, Max; Kern, Florian; … - 2022

There is consensus that the Stability and Growth Pact (SGP) needs to evolve. In this paper, we put forward reform ideas aimed at reducing debt levels, enabling sustainable growth and strengthening Europe's sovereignty without a change in primary legislation. The current fiscal framework leads to...

Persistent link: https://www.econbiz.de/10014343247

The Covid-19 lesson from Sweden : don't lockdown

Andersson, Fredrik N. G.; Jonung, Lars - 2023

The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social distancing were imposed, commonly known as lockdowns. In some cases, entire countries were virtually locked down for several weeks at a time, contributing to a very severe downturn...

Persistent link: https://www.econbiz.de/10014390569

The drivers of market-based inflation expectations in the Euro area and in the US

Hoynck, Christian; Rossi, Luca - 2023

Persistent link: https://www.econbiz.de/10014391282