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Monetary finance : do not touch, or handle with care?
Agur, Itai; Capelle, Damien; Dell'Ariccia, Giovanni; … - 2022
Persistent link: https://www.econbiz.de/10013336135
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Scarcity of safe assets and global neutral interest rates
Ferreira, Thiago; Shousha, Samer - 2020 - This version: June 2020
Persistent link: https://www.econbiz.de/10012438376
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Modern money theory : a primer on macroeconomics for sovereign monetary systems
Wray, L. Randall - 2024 - Revised new edition, edition number 3
1. The Basics of Modern Money Theory -- 2. The Basics of Macroeconomic Accounting -- 3. Spending by Issuer of Domestic … Own Currency -- 6. Tax Policy for Sovereign Nations -- 7. Modern Money Theory and Alternative Exchange Rate Regimes -- 8 … Stability -- 10. Inflation and sovereign currencies -- 11. Conclusions: Modern money theory for sovereign currencies. …
Persistent link: https://www.econbiz.de/10014505159
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International capital flows at the security level : evidence from the ECB's Asset Purchase Programme
Bergant, Katharina; Fidora, Michael; Schmitz, Martin - 2020
We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Programme at the security level. Our empirical analysis shows that euro area investors (in particular investment funds and households) actively rebalanced away from securities targeted under the Public Sector...
Persistent link: https://www.econbiz.de/10012251289
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International capital flows at the security level : evidence from the ECB's Asset Purchase Programme
Bergant, Katharina; Fidora, Michael; Schmitz, Martin - 2020
We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Pro- gramme at the security level. Based on net transactions of domestic and foreign securities, we observe euro area sectors' capital ows into individual securities, cleaned from valuation effects. Our...
Persistent link: https://www.econbiz.de/10012197845
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Sharing the Burden : Monetary and Fiscal Responses to a World Liquidity Trap
Cook, David - 2011
With integrated trade and financial markets, a collapse in aggregate demand in a large country can cause 'natural real interest rates' to fall below zero in all countries, giving rise to a global 'liquidity trap'. This paper explores the policy choices that maximize the joint welfare of all...
Persistent link: https://www.econbiz.de/10012461527
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Liquidity traps in a world economy
Kollmann, Robert - 2021
Persistent link: https://www.econbiz.de/10012405409
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Liquidity traps in a world economy
Kollmann, Robert - 2021
Persistent link: https://www.econbiz.de/10012437078
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Capital Controls, Global Liquidity Traps and the International Policy Trilemma
Devereux, Michael B. - 2013
The 'International Policy Trilemma' refers to the constraint on independent monetary policy that is forced on a country which remains open to international financial markets and simultaneously pursues an exchange rate target. This paper shows that, in a global economy with open financial...
Persistent link: https://www.econbiz.de/10012459570
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Liquidity traps in a world economy
Kollmann, Robert - 2021
Persistent link: https://www.econbiz.de/10012542720