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Ursachen und Folgen der Niedrigzinsen: Enteignung der Sparer?
Schnabl, Gunther; Fahrenschon, Georg; Demary, Markus; … - In: ifo Schnelldienst 69 (2016) 13, pp. 3-18
Zinsen, und welche Folgen hat die Niedrigzinspolitik für Sparer und für Kunden von Versicherungen? Für Gunther Schnabl …, Universität Leipzig, ist die Bilanz dieser Geldpolitik negativ: »wenig Wachstum und einschneidende Nebeneffekte«. So führe die … Geldpolitik indirekt dazu, dass die von ihr verursachten Lasten des Krisenmanagements überproportional auf die junge Generation …
Persistent link: https://www.econbiz.de/10011694005
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Ertragslage und Widerstandsfähigkeit des deutschen Bankensektors auf dem Prüfstand - Ergebnisse der bankaufsichtlichen Niedrigzinsumfrage 2017
Dombret, Andreas - In: ifo Schnelldienst 70 (2017) 23, pp. 19-24
Andreas Dombret, Deutsche Bundesbank, stellt die Ergebnisse einer Umfrage zur Ertragslage und Widerstandsfähigkeit deutscher Kreditinstitute, die von der Deutschen Bundesbank und der Bundesanstalt für Finanzdienstleistungsaufsicht durchgeführt wurde, vor: Es zeigt sich, dass die Institute...
Persistent link: https://www.econbiz.de/10011795672
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The Limits of a Negative Interest Rate Policy (NIRP)
Illing, Gerhard - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 4, pp. 561-585
Die Arbeit untersucht die Auswirkungen unkonventioneller Geldpolitik. Sie zeigt, dass Forward Guidance und Quantitative … Lockerung als Anwendung optimaler Geldpolitik im Rahmen Neu-Keynesianischer Modelle angesichts einer effektiven Zinsuntergrenze … zu verstehen sind. Unkonventionelle Geldpolitik hat erfolgreich zur Stabilisierung von Finanzmärkten und Realwirtschaft …
Persistent link: https://www.econbiz.de/10014524569
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Modern money theory: some basics in response to Drumetz/Pfister
Leclaire, Joëlle - In: European Journal of Economics and Economic Policies: … 20 (2023) 1, pp. 34-42
This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her critique into three categories. First, the Drumetz/Pfister article erroneously indicates that MMT focuses exclusively on the means-of-payment function of money, that it considers...
Persistent link: https://www.econbiz.de/10014441459
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Applying Complexity Theory to Interest Rates: Evidence of Critical Transitions in The Euro Area
van den End, Jan Willem - In: Credit and Capital Markets – Kredit und Kapital 52 (2019) 1, pp. 1-33
We apply complexity theory to financial markets to show that excess liquidity created by the Eurosystem has led to critical transitions in the configuration of interest rates. Complexity indicators turn out to be useful signals of tipping points and subsequent regime shifts in interest rates. We...
Persistent link: https://www.econbiz.de/10014523281
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Covid-19, sovereign risk and monetary policy: Evidence from the European Monetary Union
Karaman, Seçil Yıldırım - In: Central Bank Review (CBR) 22 (2022) 3, pp. 99-107
This paper investigates the impact of Covid-19 pandemic and monetary policy measures adopted by the European Central Bank (ECB) on the sovereign risk for the European Monetary Union (EMU) countries for the period between March-2020 and November-2020 using daily data. The impact of Covid-19 and...
Persistent link: https://www.econbiz.de/10014547832
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Effectiveness and Limitations of Monetary Policy Instruments in Romania and the European Union
Cioran, Zina - In: CES Working Papers 6 (2014) 4, pp. 43-56
The complexity of the monetary phenomenon as well as the effects that it induces in the social and economic life of the countries around the world have represented and still represent the subject of much controversy and dispute. The current forms of the monetary circulation organization in...
Persistent link: https://www.econbiz.de/10012017176
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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-35, pp. 1-34
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP...
Persistent link: https://www.econbiz.de/10012023260
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Monetary Policy and Domestic Investment in Nigeria: The Role of the Inflation Rate
Ezeibekwe, Obinna Franklin - In: Economics and Business 34 (2020) 1, pp. 139-155
Economic theory suggests that monetary policy can be used to stabilize an economy. However, the ability of monetary policy targets—interest rates and money supply—to stabilize an economy depends on their ability to achieve price stability. Using data from 1981 to 2018 and applying the vector...
Persistent link: https://www.econbiz.de/10012287023
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Growth prospects, the natural interest rate, and monetary policy
Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - In: Economics: The Open Access, Open-Assessment E-Journal 13 (2019) 2019-35, pp. 1-34
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP...
Persistent link: https://www.econbiz.de/10012309478