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In its meeting on 6 September 2012, the Governing Council of the ECB took decisions on a number of technical features regarding the Eurosystem's outright transactions in secondary sovereign bond markets (OMT). This decision was challenged in the German Federal Constitutional Court (GFCC) by a...
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This paper studies the dynamics of sovereign risk, fiscal policy and the macroeconomy in a two-country monetary union framework under the assumption of a heterogeneous perception of the determinants of sovereign risk by the government and the market participants. The macroeconomic volatility...
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Zielkatalog, sowie zur theoretischen Verankerung, zur Rolle und zur Praxis der Geldpolitik in Euroland. Sie baut auf der im Mai … Konzept mit seiner Reser-viertheit gegenüber einer aktivistischen Geldpolitik und mit der Überzeugung, dass Inflation ein …
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