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Global Inflation and Global Monetary Policy Tightening: Implications for the Euro Area

Moessner, Richhild; Xia, Fan Dora; Zampolli, Fabrizio - In: Intereconomics 58 (2023) 3, pp. 151-154

Persistent link: https://www.econbiz.de/10014334700

Überschreitet die EZB mit ihren Staatsanleihekäufen ihr Mandat?

Matthes, Jürgen; Demary, Markus - In: Wirtschaftsdienst 93 (2013) 9, pp. 607-615

Die Staatsanleihekäufe der EZB sind zu einem Fall für das Bundesverfassungsgericht geworden. Die Autoren des IW Köln argumentieren, dass das Outright-Monetary-Transactions-Programm noch innerhalb der Grenzen des EZB-Mandats liegt, aber wegen seiner Nachteile nur temporär eingesetzt werden...

Persistent link: https://www.econbiz.de/10010327962

The use of electronic money and its impact on monetary policy

Popovska-Kamnar, Neda - In: Journal of Contemporary Economic and Business Issues 1 (2014) 2, pp. 79-92

E-money is the newest payment instrument. As a part of the new electronic payment system (possible future substitute of traditional payment), e-money raises the professional interest about its implications to further development of banking functions in the global and networked economy....

Persistent link: https://www.econbiz.de/10011557590

Bounds on price-setting

Kocherlakota, Narayana Rao - In: Theoretical Economics 16 (2021) 3, pp. 979-1015

I study a class of macroeconomic models in which all firms can costlessly choose any price at each date from an interval (indexed to last period's price level) that includes a positive lower bound. I prove three results that are valid for any such half-closed interval (regardless of how near...

Persistent link: https://www.econbiz.de/10013189085

Macroeconomic dynamics and the IS puzzle

Hawkins, Raymond J.; Nguyen, Chau N. - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-59, pp. 1-13

output and real-rate gaps can be represented in a parsimonious and practical manner using the theory of anelasticity that …

Persistent link: https://www.econbiz.de/10011917551

Rethinking the Role of Monetary Policy and Wage Bargaining in a World Without the Real Balance Effect

Dullien, Sebastian - In: Intervention. Zeitschrift fuer Ökonomie / Journal of … 03 (2006) 2, pp. 279-304

In standard macroeconomic models (new classical, AS-AD, monopolistic competition etc.) monetary policy determines the price level. Output and employment are determined in the labour market where nominal wages are set (possibly under the influence of unions), which together with the price level...

Persistent link: https://www.econbiz.de/10014362988

A text mining analysis of central bank monetary policy communication in Nigeria

Tumala, Mohammed M.; Omotosho, Babatunde S. - In: CBN Journal of Applied Statistics 10 (2019) 2, pp. 73-107

This paper employs text-mining techniques to analyse the communication strategy of the Central Bank of Nigeria (CBN) during the period 2004-2019. Since the policy communique released after each meeting of the CBN's monetary policy committee (MPC) represents an important tool of central bank...

Persistent link: https://www.econbiz.de/10012229208

Extraordinary Times Require Extraordinary Action: Boosting European Demand by Means of Investment Helicopter Money

Gries, Thomas; Mitschke, Alexandra - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 2, pp. 137-172

This theoretical contribution analyzes remaining monetary policy tools and their ability to reestablish sound macroeconomic conditions in the euro area. Motivated by the observation of a lack of investment in the macroeconomy and subdued inflation, we review current monetary policy challenges...

Persistent link: https://www.econbiz.de/10014521877

Optimal Monetary Policy in a Currency Union: Implications of Country-specific Financial Frictions

Michaelis, Jochen; Palek, Jakob - In: Credit and Capital Markets – Kredit und Kapital 49 (2016) 1, pp. 1-36

Optimale Geldpolitik in einer Währungsunion: Implikationen länderspezifischer Finanzmarktfriktionen Wachsende … Rahmen die Frage, wie die optimale Geldpolitik auszugestalten ist angesichts von unionsweiten und nationalen nicht … der Geldpolitik in der Steuerung der Inflation. Wir zeigen, dass es optimal ist auf die verringerte Effizienz mit einer …

Persistent link: https://www.econbiz.de/10014522720

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

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