Showing 1 - 10 of 139
Germany have publicly supported the euro in the weeks before a bailout program got enacted by the European Council in July …
Persistent link: https://www.econbiz.de/10011698361
five years, where the euro area has, following a period of low inflation, navigated a global pandemic, Russia's invasion of …
Persistent link: https://www.econbiz.de/10015199484
While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed and emerging market economies because of its direct relevance to monetary policy implementation, research has neglected this linkage in most developing countries especially in...
Persistent link: https://www.econbiz.de/10013362890
Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries that have adopted it have successfully improved their monetary policy regime. The objective of this paper is to assess WAMZ member countries' readiness to adopt inflation...
Persistent link: https://www.econbiz.de/10013362893
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without … appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary … population ageing in the euro area and looks at the main challenges ahead in the next decades. Total population in the euro area …
Persistent link: https://www.econbiz.de/10013480185
This paper reviews the experience of the ECB with the two-tier system for excess reserve remuneration that exempted a portion of banks' excess liquidity (EL) holdings from the negative interest rate of the ECB's deposit facility. The two-tier system aimed to support the bank-based transmission...
Persistent link: https://www.econbiz.de/10013480191
Climate change can be a source of financial risk. This paper examines how credit rating agencies accepted by the Eurosystem incorporate climate change risk in their credit ratings. It also analyses how rating agencies disclose their assessments of climate change risks to rating users. The paper...
Persistent link: https://www.econbiz.de/10013480192
We solicit household expectations about the economic costs of the COVID-19 pandemic. Households expect output to decrease by about 6 percent and inflation to increase by 5 percentage points in the 12 months following March 2020. We also document that the uncertainty about the overall effect is...
Persistent link: https://www.econbiz.de/10013535574
While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed and emerging market economies because of its direct relevance to monetary policy implementation, research has neglected this linkage in most developing countries especially in...
Persistent link: https://www.econbiz.de/10014278149
Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries that have adopted it have successfully improved their monetary policy regime. The objective of this paper is to assess WAMZ member countries' readiness to adopt inflation...
Persistent link: https://www.econbiz.de/10014278241