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and limits of monetary and fiscal policy in the context of the current crises and argue for a new, more realistic … believe is necessary to overcome the multiple crises …
Persistent link: https://www.econbiz.de/10014432420
environment, consequences of 2008 crises and ways how to incorporate predictions in GDP reasoning are some of points that this …
Persistent link: https://www.econbiz.de/10011212578
Reform of the mechanisms and procedures through which problems of sovereign debt sustainability are resolved is at the centre of the effort to make the international financial system less crisis prone. The purported difficulty of coordinating creditors holding distinct bond issues provides one...
Persistent link: https://www.econbiz.de/10005661785
political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on … during crises of the financial system. This gives rise to Reformism, rather than class conflict, which becomes a central …
Persistent link: https://www.econbiz.de/10011189209
Persistent link: https://www.econbiz.de/10012874050
Crises are a major driving force behind cooperation in the European Union. This holds also for monetary and fiscal … policy. During severe crises, cooperation has been enlarged and intensified. The recent covid-19 pandemic is a clear example … crises as a driver of political change is analysed. Next, we examine in greater detail, the effect of crises on the design of …
Persistent link: https://www.econbiz.de/10013270330
Persistent link: https://www.econbiz.de/10012306883
Persistent link: https://www.econbiz.de/10013367808
This paper arms central bank policy makers with ways to think about interactions between financial stability and monetary policy. We frame the issue of whether to integrate financial stability into monetary policy operating rules by appealing to the observation that in actual economies financial...
Persistent link: https://www.econbiz.de/10011442894
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10011506753