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Studies on Issues in Political Economy since the Global Financial Crisis
Jäger, Kai - 2016
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
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Verstärkt die „Große Rezession“ das Auseinanderdriften der Wettbewerbsfähigkeit in der EU?
Breuss, Fritz - 2009
mastered this test. The introduction of the Euro, however, has brought to light the latent weaknesses in competitiveness of … some member states of the Euro area, consisting up to now mostly of old EU member states. Shortly after the EU enlargement … in 2004 and 2007 Cyprus, Malta, Slovakia and Slovenia introduced the Euro. Out of 27 EU member states already 16 …
Persistent link: https://www.econbiz.de/10011379786
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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 … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10011606198
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The predictability of monetary policy
Blattner, Tobias; Catenaro, Marco; Ehrmann, Michael; … - 2008
Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...
Persistent link: https://www.econbiz.de/10011606235
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The collateral frameworks of the Eurosystem, the Federal Reserve System and the Bank of England and the financial market turmoil
Cheun, Samuel; von Köppen-Mertes, Isabel; Weller, Benedict - 2009
In response to the turmoil in global financial markets which began in the second half of 2007, central banks have changed the way in which they implement monetary policy. This has drawn particular attention to the type of collateral used for backing central banks’ temporary open market...
Persistent link: https://www.econbiz.de/10011606259
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Trade consistency in the context of the Eurosystem projection exercises – an overview
Hubrich, Kirstin; Karlsson, Tohmas - 2010
The Eurosystem macroeconomic projection exercises are part of the input prepared for the Governing Council’s decision-making meetings. Under the economic analysis pillar of the ECB’s monetary policy strategy, they are a key element in the assessment of economic prospects and of the short to...
Persistent link: https://www.econbiz.de/10011606260
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Main drivers of the ECB financial accounts and ECB financial strength over the first 11 years
Vergote, Olivier; Studener, Werner; Efthymiadis, Ioannis; … - 2010
euro changeover in 2002. Banknotes in circulation also provide a strong base for seigniorage income, which is an important …
Persistent link: https://www.econbiz.de/10011606263
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Energy markets and the euro area macroeconomy
2010
This report aims to analyse euro area energy markets and the impact of energy price changes on the macroeconomy from a …
Persistent link: https://www.econbiz.de/10011606265
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The impact of the global economic and financial crisis on central, eastern and south-eastern Europe: A stock-taking exercise
Gardó, Sándor (contributor); Martin, Reiner (contributor) - 2010
The paper first reviews the main drivers of the growth and real convergence process in central, eastern and south-eastern Europe (CESEE) since 2000 and assesses the key macro-financial strengths and vulnerabilities of the region at the beginning of the global economic and financial crisis. The...
Persistent link: https://www.econbiz.de/10011606266
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Financial stability challenges in EU candidate countries - Financial systems in the aftermath of the global crisis
2010
This paper reviews financial stability challenges in the EU candidate countries: Croatia, the former Yugoslav Republic of Macedonia and Turkey. It follows a macro-prudential approach, emphasising systemic risks and the stability of financial systems as a whole. The paper recalls that the...
Persistent link: https://www.econbiz.de/10011606267