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Distance to frontier and the big swings of the unemployment rate : what room is left for monetary policy?
Hoon, Hian Teck; Kong Weng Ho - 2007
's productivity growth depends upon its distance from the world's technological leader. One motivating contemporary example includes …
Persistent link: https://www.econbiz.de/10003485602
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How bad is divergence in the Euro-zone? : lessons from the United States of America and Germany
Dullien, Sebastian; Fritsche, Ulrich - 2006 - This version: October 06
This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...
Persistent link: https://www.econbiz.de/10010426369
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The early years of the second bank of the United States : an historical perspective on the transition to EMU
Sénégas, Marc-Alexandre - In: International journal of finance & economics : IJFE 5 (2000) 1, pp. 57-75
Persistent link: https://www.econbiz.de/10001526207
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U.S. monetary policy : a convergence of views
Wallich, Henry C. - 1981
Persistent link: https://www.econbiz.de/10002958074
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A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process : 1999-2015
Nassif, André; Feijó, Carmem; Araújo, Eliane - In: CEPAL review (2017) 123, pp. 187-208
Persistent link: https://www.econbiz.de/10012000186
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Euro area imbalances
Mink, Mark; Jacobs, Jan; Haan, Jakob de - 2016
Persistent link: https://www.econbiz.de/10011576998
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Euro area imbalances
Mink, Mark; Jacobs, Jan; Haan, Jakob de - 2016
We argue that if currency union member states have different potential output per capita, output growth rates, or trade balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for trade balances are quite large, while output growth...
Persistent link: https://www.econbiz.de/10011587915
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Disinflation and economic integration in emerging European economies
Novák, Zsuzsanna - In: International journal of diplomacy and economy 2 (2014) 1/2, pp. 84-101
Persistent link: https://www.econbiz.de/10010395313
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Unconventional monetary policy and productivity : evidence on the risk-seeking channel from us corporate bond markets
Albrizio, Silvia; Conesa, Marina; Dlugosch, Dennis; … - 2019
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741