, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for … public debt and monetary policy in the context of crisis. It is shown for Japan that the attempts to maintain regional … across Japanese regions pre- and post-crisis. The side condition is monetary expansion. A similar effect could emerge in …

The recent global crisis brought many challenges to the central bankers worldwide, including the issue of monetary … crisis was given to the output stabilization. This paper explores this issue on the case of a group of countries from … during the crisis. Our findings pointed that the central banks in the analysed SEE countries paid attention to the output …

recent economic crisis. Towards that end, a New Keynesian model with price and wage rigidities is used. Results suggest that … responded counter-cyclically during the crisis only in countries with weak trade unions and countries with flexbible exchange …

borrowing from the Federal Reserve's discount window facility. We find that, during the height of the financial crisis, banks …' borrowing costs during the crisis. Our results have important implications for the provision of liquidity by central banks. …

. At the end of the commentary, we use examples from the Riksbank’s crisis measures to illustrate how monetary policy …

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing …