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circumstances and contingencies. In this broader sense, longer-term predictability is also closely related to the credibility of the …
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Geldpolitik mit Hilfe von qualitativen Befragungsdaten. Besonderes Augenmerk liegt dabei auf der Untersuchung der Glaubwürdigkeit … der Europäischen Zentralbank (EZB), die als vergleichsweise junge Institution Reputation aufbauen muss. Grundlage der … Auswertung der Daten gehen eine ausführliche Übersicht über die wirtschaftswissenschaftliche Literatur zur Geldpolitik in den …
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The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...
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The very expansive and unconventional monetary policy of the ECB reduced the tensions of the Euro debt crisis at the price of persistently very low interest rates. While the ECB was right to act at the peak of the crisis, the risks of the low-interest rate environment become increasingly...
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