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Real Exchange Rate and Commodity Prices in a Neoclassical Model

Reinhart, Carmen - Volkswirtschaftliche Fakultät, … - 1988

. We find that theory and structure help in predicting commodity prices, although not the exchange rate, and that …

Persistent link: https://www.econbiz.de/10005790259

Real economy causes of the Great Deprivation of early 21st Century

Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2008

their final manifestation in world financial markets, is explained using traditional economic theory. A three …

Persistent link: https://www.econbiz.de/10005836611

The Superlative Recession and economic policies

Tatom, John - Volkswirtschaftliche Fakultät, … - 2009

In late 2008 and early 2009, there has been a serious deterioration in the economic outlook of political leaders, the media and many economic analysts. Comparisons of recent performance and the outlook have degenerated into comparisons with the Great Depression of the 1930s, suggesting that the...

Persistent link: https://www.econbiz.de/10005837522

Need for rethinking of the Hungarian fiscal and monetary policy

Kerényi, Ádám - Volkswirtschaftliche Fakultät, … - 2012

In October 2008 the main Hungarian public finance actors: the government, the National Bank of Hungary (MNB) and experts cited the high public debt and volume of unsecured foreign-currency loans as the main reasons for the economy’s vulnerability. On the other hand according to the formal...

Persistent link: https://www.econbiz.de/10011258999

TARGET2 imbalances and the need for a lender of last resort

Astarita, Caterina; Purificato, Francesco - Volkswirtschaftliche Fakultät, … - 2013

This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis. The development of these balances reflects the change in the distribution of the monetary base among the EMU Member States. During the sovereign debt crisis, while some countries, among...

Persistent link: https://www.econbiz.de/10011259805

El Intercambio entre Inflacion y Producto: Evidencia Empirica para Venezuela

Victor, Olivo - Volkswirtschaftliche Fakultät, … - 2005

Many researchers have explored the implications of Lucas’ misperception model. Arguably, the most important implication of this model is that the slope of the aggregate supply curve depends on the variability of nominal shocks. This paper examines this insight from Lucas’ model using annual...

Persistent link: https://www.econbiz.de/10011259960

High Noon at the EU corral. An economic plan for Europe, September 2011

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

The 2007+ credit crunch and economic crisis put European governments in severe debt, with talk about a Greek partial default. It also put the European banks into a zombie condition, while under Basel III the capital requirement rises from 8% to 10.5% (which requirement does not cover public debt...

Persistent link: https://www.econbiz.de/10009294940

Structural Interdependence in Monetary Economics: Theoretical Assessment and Policy Implications

Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 2015

money and finance in the theory of income and expenditure are critically examined. The Sraffian dichotomic interpretation of … from the analysis: the illegitimacy of Marx’s asymmetrical treatment of constant and variable capital in the theory of … this perspective the traditional approaches to monetary theory and policy are indicated. …

Persistent link: https://www.econbiz.de/10011185688

Money as gold versus money as water

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2013

The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become dependent upon current ad hoc measures, with the loss of...

Persistent link: https://www.econbiz.de/10011107257

Cause and cure of the crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

Persistent link: https://www.econbiz.de/10011108214