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We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...
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This paper studies the interactions between monetary and fiscal policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American...
Persistent link: https://www.econbiz.de/10003376950
A formal model of the appointment process -- Estimating monetary policy preferences -- Empirically testing the model's predictions -- Appointments to the European Central Bank -- The origins of the Federal Reserve appointment process -- Conclusions
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einschneidende Epoche der amerikanischen Geldpolitik. Das Urteil zur Greenspan-Ära fällt bisher ambivalent aus. Auf der einen Seite … wird der pragmatischen und flexiblen Geldpolitik der letzten 18 Jahre ein erheblicher Anteil am Wachstums- und … bewertet. Die Analyse soll insbesondere Antworten darauf geben, welche Rolle Beschäftigungsziele in der Geldpolitik spielen …
Persistent link: https://www.econbiz.de/10011927423