Similar Search Results

Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings are - i) Under the current monetary policy regime, the...

Persistent link: https://www.econbiz.de/10011606198

Structural features of distributive trades and their impact on prices in the euro area

2011

The distributive trades sector, which is primarily accounted for by wholesale and retail trade, is not only economically important in its own right, but also relevant to monetary policy. Ultimately, it is retailers who set the actual prices of most consumer goods. They are the main interface...

Persistent link: https://www.econbiz.de/10011606280

Warum die Volkswirtschaften der Eurozone den USA und Großbritannien seit der Finanzkrise hinterherhinken: Zur Rolle von Unterschieden in der Geld- und Fiskalpolitik

Heimberger, Philipp - 2016

Wirtschaftsräume wird in zwei Dimensionen analysiert; zum einen anhand eines Überblicks zur Geldpolitik der EZB nach dem Ausbruch der … Wachstum und Beschäftigung, was die Eurozonenwirtschaft im Zusammenspiel mit der über weite Strecken zögerlichen Geldpolitik … prozyklische, krisenverstärkende Fiskalpolitik befördert. Die EZB ist mit ihrer seit Anfang 2015 betriebenen Geldpolitik des …

Persistent link: https://www.econbiz.de/10012100198

Fiscal policy in the EU in the crisis: A model-based approach

Székely, István P.; Roeger, Werner; Veld, Jan in 't - 2011

This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...

Persistent link: https://www.econbiz.de/10011430871

On the stance of macroprudential policy

Cecchetti, Stephen G.; Suárez, Javier - 2021

In this report we outline how a formulating normative measure of macroprudential policy stance requires a framework containing objectives, tools and transmission mechanisms. To complement the currently prevailing narrative approach, we apply lessons from the monetary policy to macroprudential...

Persistent link: https://www.econbiz.de/10014327917

Implications of Globalization for Monetary Policy

Wagner, Helmut - 2002

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes, which are associated with the globalization process, cause an increase in uncertainty surrounding monetary policy. This leads to an...

Persistent link: https://www.econbiz.de/10011689901

The corporate investment channel of monetary policy in Denmark

Bonin, Simone Maria; Cucic, Dominic; Kuchler, Andreas; … - 2024

An important monetary transmission channel works through the impact of interest rate changes on non-financial firms' investment decisions. Higher monetary policy rates affect firms' investment decisions by raising the costs of external financing and lowering aggregate demand for goods and...

Persistent link: https://www.econbiz.de/10015051879

Erfüllen Kyptowährungen die elementaren Geldfunktionen?

Clauss, Michael; Pöllmann, Guido; von Jan, Stefanie; … - 2023

Angesichts der derzeitigen Steigerung der Verbraucherpreise in der Eurozone und des damit einhergehenden Kaufkraftverlusts des Geldes hat das Ziel des Substanzerhalts von Geldvermögen an Bedeutung gewonnen. Eine traditionelle Lösung besteht in der "Flucht in Sachwerte" wie Gold, Immobilien...

Persistent link: https://www.econbiz.de/10014377037

Changing of the guards: Huge challenges ahead for the new ECB President

Wolff, Guntram B. - 2011

Jean-Claude Trichet deserves praise for fighting inflation and his handling of the financial crisis of 2007-2009. But his legacy is unfinished and we still have to see whether he will be the one who saved the euro. Important challenges remain for the incoming president. First, trust of citizens...

Persistent link: https://www.econbiz.de/10010293568

The Euro crisis and the new impossible trinity

Pisani-Ferry, Jean - 2012

The search for solutions to the euro crisis is based on a partial diagnosis that overemphasises the lack of enforcement of existing fiscal rules. Europe's leaders should rather address the euro area's inherent weaknesses revealed by the crisis. At the core of euro-area vulnerability is an...

Persistent link: https://www.econbiz.de/10010293578

1
2
3
4
5
6
7
8
9
10
Next
Last