Showing 1 - 10 of 19,445
Currently, many monetary and fiscal policy measures are aimed at preventing the financial market meltdown that started in the US subprime sector and has spread worldwide as a great recession. Although some slow recovery appears to be on the horizon, it is worthwhile exploring the fragility and...
Persistent link: https://www.econbiz.de/10003905077
In the last months, the world's economies were confronted with the largest economic recession since the Great Depression. The occurrence of a worldwide financial market meltdown as a consequence originally stemming from of the crisis in the US subprime housing sector was only prevented by...
Persistent link: https://www.econbiz.de/10003985522
An empirical regularity in the US business cycles is that in recessions men's unemployment rate rises faster than women. This stylized-fact raises both empirical and theoretical questions. The notion of such distinctive pattern in the data is addressed with another regularity through an...
Persistent link: https://www.econbiz.de/10013231493
choose a path for the inflation rate that ends with a non-zero value. Such a property is relevant in a wide range of … youth structure. In this setting, profit flows are discounted more heavily than utility flows and the optimal inflation … long-run inflation rate in models with firm entry and exit and in environments with search and matching frictions in the …
Persistent link: https://www.econbiz.de/10012016683
Persistent link: https://www.econbiz.de/10009564628
Persistent link: https://www.econbiz.de/10009010482
In this paper, we use a Bayesian global vector autoregressive model to analyze the macroeconomic effects of a flattening of euro area yield curves. Our findings indicate positive effects on real activity and prices, both within the euro area as well as in neighboring economies. Spillovers...
Persistent link: https://www.econbiz.de/10012030981
Persistent link: https://www.econbiz.de/10014525930
Persistent link: https://www.econbiz.de/10012318199
Persistent link: https://www.econbiz.de/10014430100