Narrow search
Showing 11 - 20 of 225,573
Cover Image
The European Central Bank’s Pandemic Bazooka : Mandate Fulfilment in Extraordinary Times
Smits, René - 2021
An EU legal analysis of the European Central Bank's Pandemic Emergency Purchase Programme (PEPP), originally published in March 2020 in EULawLive, updated to include more references to the ECB's pandemic responses (prudential, monetary policy) and the EU's NextGenerationEU Recovery and...
Persistent link: https://www.econbiz.de/10013233593
Cover Image
The macroeconomic effects of a European deposit (re-)insurance scheme
Clemens, Marius; Gebauer, Stefan; König, Tobias - 2020
While the first two pillars of the European Banking Union have been implemented, a European deposit insurance scheme (EDIS) is still not in place. To facilitate its introduction, recent proposals argue in favor of a reinsurance scheme. In this paper, we use a regime-switching open-economy DSGE...
Persistent link: https://www.econbiz.de/10012223907
Cover Image
Stagnation policy in the Eurozone and economic policy alternatives : a Steindlian/neo-Kaleckian perspective
Hein, Eckhard - 2017
Empirically, the macroeconomic institutions and the macroeconomic policy approach in the Eurozone have failed badly … Eurozone can be seen as a version of what Steindl (1979) had called 'stagnation policy'. To underline this argument, I will … approach of the Eurozone which has been based on the New Consensus Macroeconomics (NCM) and I will highlight its main …
Persistent link: https://www.econbiz.de/10011919735
Cover Image
Exploring sectoral conflicts of interest in the Eurozone : a structural political economy approach
Cardinale, Ivano; Landesmann, Michael - Wiener Institut für Internationale Wirtschaftsvergleiche - 2016
This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone …
Persistent link: https://www.econbiz.de/10011860481
Cover Image
Twenty years of the German euro are more than enough
Bibow, Jörg - 2018
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027
Cover Image
Twenty Years of the German Euro are More than Enough
Bibow, Jörg - 2018
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10012912309
Cover Image
A New Approach to Governance and Integration in Emu for an Optimal Use of Economic Policy Framework - Priority to Financial Union
Papaspyrou, Theodoros - 2022
This paper proposes a new approach to EMU governance and integration consisting of the following elements: (i) an optimal use of the existing EU institutional framework for economic, fiscal and financial policies is necessary and possible at each level of EMU integration that is politically...
Persistent link: https://www.econbiz.de/10014078175
Cover Image
Monetary policy spillovers and the role of prudential policies in the European Union
Coman, Andra - 2023
This paper empirically examines the extent to which prudential policies can help to reduce the macro-financial spillover effects of foreign monetary policy for all 28 EU countries. Using local projection methods, I show that EU countries with tighter prudential policies face significantly...
Persistent link: https://www.econbiz.de/10014477716
Cover Image
The macroeconomic effects of a European deposit (re-)insurance scheme
Clemens, Marius; Gebauer, Stefan; König, Tobias - 2023 - April 18, 2023 (revised version)
Recent proposals for a still missing European deposit insurance scheme (EDIS) argue in favor of a reinsurance framework. In this paper, we use a regime-switching open-economy DSGE model with bank default to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more...
Persistent link: https://www.econbiz.de/10014316943