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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

The European Central Bank and why things are the way they are : a historic monetary policy pivot point and moment of (relative) clarity

Dubois, Robert - 2012

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and … become more homogenized, synchronized, and directionally clear than at any time since early 2009. -- Eurozone ; Monetary …

Persistent link: https://www.econbiz.de/10009503821

The crisis of finance-dominated capitalism in the euro area, deficiencies in the economic policy architecture, and deflationary stagnation policies

Hein, Eckhard - 2012

In this paper the euro crisis is interpreted as the latest episode in the crisis of finance-dominated capitalism. For 11 initial Euro area countries, the major features of finance-dominated capitalism are analyzed; specifically, the increasing inequality of income distribution and the rising...

Persistent link: https://www.econbiz.de/10009631541

Monetary policy, macroeconomic policy mix and economic performance in the Euro area

Hein, Eckhard; Truger, Achim - 2006

Euroraum in den Mittelpunkt stellt. Die Arbeit konzentriert sich dann insbesondere auf die Determinanten der Geldpolitik, weil …

Persistent link: https://www.econbiz.de/10003744533

Fiscal policy and macroeconomic performance in the Euro area : lessons for the future

Hein, Eckhard; Truger, Achim - 2006

wachstumsfeindlichen Geldpolitik der Europäischen Zentralbank sowie unkoordinierten und divergierenden Lohnentwicklungen fortbesteht. …

Persistent link: https://www.econbiz.de/10003744534

ECB vs. Council vs. Commission : Monetary and Fiscal Policy Interactions in the EMU When Cyclical Conditions are Uncertian

Buti, Marco - 2008

This paper examines economic policy interactions in the Economic and Monetary Union when the assessment of cyclical conditions in real time is surrounded by uncertainty. On the basis of a simple stylised model it shows that with a Nash-type of interaction different views about the output gap on...

Persistent link: https://www.econbiz.de/10012769738

Coping with Imbalances in the Euro Area : Policy Alternatives Addressing Divergences and Disparities between Member Countries

Hein, Eckhard - 2014

In this paper we outline alternative policy recommendations addressing the problems of differential inflation, divergence in competitiveness, and associated current account imbalances within the euro area. The major purpose of these alternative policy proposals is to generate sustainably high...

Persistent link: https://www.econbiz.de/10013045723

The Lender of Last Resort in the Eurozone

Steinbach, Armin - 2017

supervision in the eurozone, the question of centralizing ELA within the ECB also arises …

Persistent link: https://www.econbiz.de/10012969002

Staying Together or Breaking Apart : Policy-Makers' Endogenous Coalition Formation in the European Economic and Monetary Union

Plasmans, Joseph; Di Bartolomeo, Giovanni; Engwerda, … - 2013

In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what their...

Persistent link: https://www.econbiz.de/10014113669

Assessing the Ecb's Performance Since the Global Slowdown - a Structural Policy Bias Coming Home to Roost?

Bibow, Jörg - 2004

This paper assesses the ECB's performance, which the author finds to be seriously lacking but which is of paramount importance to understanding euroland's ongoing stagnation and fragility. A main finding is that the series of policy blunders, which characterized the bank's conduct, features a...

Persistent link: https://www.econbiz.de/10014070604