Similar Search Results

Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012

The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period...

Persistent link: https://www.econbiz.de/10010820235

The Time Inconsistency of Monetary Policy with Inflation Persistence

Mash, Richard - Department of Economics, Oxford University - 2000

In a monetary policy model incorporating partial persistence in inflation it is shown that inflation bias is reduced and the response to shocks improved if the policy maker has a discount rate lower than its true social value. Thus a patient central banker is shown to be a third mechanism for...

Persistent link: https://www.econbiz.de/10010820341

EU institutional framework and euro zone crisis

Sifakis-Kapetanakis, Catherine - HAL - 2011

This paper explores the impact of Europe's existing institutional framework on the degree of macroeconomic disparity in the Eurozone. It draws son analysis of the costs of this framework as well as of the benefits of European economic and monetary unification. It also highlights how these costs...

Persistent link: https://www.econbiz.de/10010820641

Financial instability and ECB monetary policy

Albulescu, Claudiu; Goyeau, Daniel; Pépin, Dominique - HAL - 2013

This paper proposes an assessment of the monetary policy performed by the European Central Bank (ECB) and, more …

Persistent link: https://www.econbiz.de/10010820709

Monetary Policy and Value Judgments : Did we forget Myrdal's legacy ?

Barbaroux, Nicolas; Bellet, Michel - HAL - 2014

Myrdal's works are usually analysed with a dual and separated point of view : on the one hand the methodological papers concerning the value problem and based on a strong non neutrality thesis ; on the other part the theoretical analysis concerning monetary theory and policy, with a Wicksellian...

Persistent link: https://www.econbiz.de/10010821184

Monetary Policy and Credit Cycles: A DSGE Analysis

Badarau, Florina-Cristina; Popescu, Alexandra - HAL - 2012

what a central bank could have done to improve the reaction of the economy to the financial bubble. We study by means of a … fi nancial accelerator DSGE model the dynamics of our economy when the central bank has, fi rst, only traditional … actions of the central bank would have remained limited by the use of a single instrument, the interest rate. …

Persistent link: https://www.econbiz.de/10010821362

New Monetary Policy and Keynes

Arestis, Philip - In: European Journal of Economics and Economic Policies: … 3 (2006) 2, pp. 245-262

policy approach can be found in Keynes, especially that of central bank independence. However, new monetary policy is a major …

Persistent link: https://www.econbiz.de/10010821637

The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment

Beaudry, Paul; Bergevin, Philippe - C. D. Howe Institute

How far and how fast Canada’s record-low interest rates will rise in the coming years is a vital question for consumers and businesses. In “The New “Normal” for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment,” authors Paul Beaudry and...

Persistent link: https://www.econbiz.de/10010822272

Consumers' inflation expectations and monetary policy in Europe

Berk, Jan Marc - Faculteit der Economische Wetenschappen en … - 2000

This paper analyses the effects of monetary policy decisions on inflation expectations of European consumers. Using a novel approach that does not assume unbiasedness of expectations, which makes use of survey data on expected future as well as perceived past price developments and allows for...

Persistent link: https://www.econbiz.de/10010822575

How does unconventional monetary policy affect inequality? Evidence from Japan

Saiki, Ayako; Frost, Jon - de Nederlandsche Bank - 2014

Inequality has been largely ignored in the literature and practice of monetary policy, but is gaining more attention recently. We look at how a decade of unconventional monetary policy (UMP) in Japan affected inequality among households using survey data. Our vector auto regression (VAR) results...

Persistent link: https://www.econbiz.de/10010822702