Showing 1 - 10 of 2,519
Persistent link: https://www.econbiz.de/10009726189
Persistent link: https://www.econbiz.de/10011559240
Persistent link: https://www.econbiz.de/10011582457
In light of the recent financial and real economic crisis, it seems clear that macroeconomists need to better account for the influence of financial markets. This paper explores the consequences of treating the interaction between different financial markets, monetary policy, and the real...
Persistent link: https://www.econbiz.de/10010126892
This paper analyses the main drivers of sovereign bond spreads in a globalised world. Specifically, we account for international spillovers of bond spreads by adding an additional driver, namely, financial markets, and allowing interactions across countries and markets. We contribute to the VAR...
Persistent link: https://www.econbiz.de/10010434572
This paper argues monetary union stability requires a government banker that manages the bond market and it offers a … countries which creates unsustainable debt burdens. Remedying this problem requires a central bank that acts as government … European Public Finance Authority (EPFA) that issues public debt which the European Central Bank (ECB) is allowed to trade. …
Persistent link: https://www.econbiz.de/10009530412
Persistent link: https://www.econbiz.de/10011280202
Persistent link: https://www.econbiz.de/10011345071
Persistent link: https://www.econbiz.de/10010528501
This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is presented both for the US and the euro area....
Persistent link: https://www.econbiz.de/10010358869