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Das Verhalten der EZB während der Finanzmarktkrise(n)

Ruckriegel, Karlheinz - In: Wirtschaftsdienst 91 (2011) 2, pp. 107-114

Der Lehman-Pleite im Herbst 2008 gingen bereits 2007 Turbulenzen am Geldmarkt voraus. Die EZB hat darauf und auf die immer wiederkehrende Panik an den Finanzmärkten besonnen reagiert. Allerdings wird es schwieriger, die Entwicklungen einzuschätzen, denn das Verhalten der Finanzmärkte lässt...

Persistent link: https://www.econbiz.de/10010293614

Notenbank in Not: Japan

Schrooten, Mechthild - In: Wirtschaftsdienst 93 (2013) 2, pp. 70

Persistent link: https://www.econbiz.de/10010293629

Monetary Policy and Swedish Unemployment Fluctuations

Holmlund, Bertil; Alexius, Annika - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-4, pp. 1-25

A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...

Persistent link: https://www.econbiz.de/10010295302

The "Credit-Cost Channel" of Monetary Policy. A Theoretical Assessment

Tamborini, Roberto - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-13, pp. 1-23

Drawing on the modern literature on the monetary transmission mechanisms with capital market imperfections, this paper presents a model of the "credit-cost channel" of monetary policy. The thrust of the model is that firms' reliance on bank loans ("credit channel") may make aggregate supply...

Persistent link: https://www.econbiz.de/10010298632

DSGE Models and Central Banks

Tovar, Camilo Ernesto - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-16, pp. 1-31

Over the past 15 years there has been remarkable progress in the specification and estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in developed and emerging market economies have become increasingly interested in their usefulness for policy analysis and...

Persistent link: https://www.econbiz.de/10010298635

Stabilizing an unstable economy: On the choice of proper policy measures

Asada, Toichiro; Chiarella, Carl; Flaschel, Peter; … - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-21, pp. 1-43

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/10010300733

The crisis and beyond: Thinking outside the box

Hillinger, Claude - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-23, pp. 1-61

In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more fundamental than he has been able to find. He discusses alternatives to the financial bailouts and shows how the crisis could have been dealt with more efficiently and at little...

Persistent link: https://www.econbiz.de/10010301113

The Triffin dilemma again

Campanella, Edoardo - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-25, pp. 1-18

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...

Persistent link: https://www.econbiz.de/10010301326

Die Aufgaben der Geldpolitik in der Interimsphase bis zum Beginn der EWU

Krupp, Hans-Jürgen; Cabos, Karen - In: Wirtschaftsdienst 78 (1998) 6, pp. 331-337

Seit dem ersten Maiwochenende stehen die Teilnehmerländer für den Beginn der Währungsunion fest: Beteiligt sind die elf Länder, die die Europäische Kommission empfohlen hatte. Werden ihre Wechselkurse in der Interimsphase bis zum Start am 1.1.1999 stabil bleiben? Welches gemeinsame...

Persistent link: https://www.econbiz.de/10010301566

Entscheidungsgremien und Entscheidungsregeln in der EWU

Duijm, Bernhard - In: Wirtschaftsdienst 78 (1998) 11, pp. 661-666

Die Europäische Zentralbank ist bei der Durchführung der gemeinsamen Geldpolitik zwar unabhängig, doch bedürfen einige … Ausgestaltung der europäischen Geldpolitik zuständigen Gremien ihre Entscheidungen? Welcher Einfluß ergibt sich hieraus auf die … Ausgestaltung der Geldpolitik, der Wechselkurspolitik und der Kapitalverkehrspolitik? …

Persistent link: https://www.econbiz.de/10010301588

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